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3640 Jasmine Ave, Los Angeles, CA 90034
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3640 Jasmine Ave Los Angeles, CA 90034

$2,168,000
  • 5 Beds
  • 6 Baths
  • 3,930 Sq.Ft.
For Sale
$2,168,000 Get Pre-Qualified
Map preview of 3640 Jasmine Ave, Los Angeles, CA 90034

Property Overview: 3640 Jasmine Ave Los Angeles, CA has 5 bedrooms, 6 bathrooms, 3,930 living square feet and 5,474 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: 3640 Palms is a prime investment opportunity in the high sough neighborhood. This multifamily property is built in 1967, totaling 3,930 square feet on a spacious 5,474 square foot lot, zoned LAR3. There are three 1 bedroom, one studio, and one 2 bedrooms unit with a den and 2 baths that can be converted to a 3 bedroom unit. The property has separated gas and electric meter, as well as an onsite laundry facility for additional income. Each unit is adorned hard wood floor, gas stoves, balconies or patio, two units has fireplace. This pride property has low water landscaping and has 6 open parking spaces with a safe security gate. Earthquake soft story was completed in 2021. This property presents a significant opportunity for investors with an estimate of 30% upside in gross rental income. It is conveniently located in proximity to the beach communities of Culver City, Santa Monica, and the new Expo line station and the 405 and 10 freeways.

Listed by Alan Tran | BRE #01042743 | KW Executive
Co-listed by Tiffany Vu | BRE #02038278 | KW Executive
Last checked: 9 minutes ago | Last updated: February 22nd, 2024 | Source CRMLS | DOM: 106
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Home details

Lot Sq. Ft
5,474
HOA Dues
$0/mo
Year built
1967
Garage
--
Property Type:
Apartment
Status
Active
MLS#
AR23217476
City
Los Angeles
County
Los Angeles
Time on Site
150 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 5
  • Total # of Buildings: 1
  • # of Electric Meters: 5
  • # of Gas Meters: 6
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,089
  • Total Rent: $2,089
  • Pro Forma/Market Rent: $2,800
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,102
  • Total Rent: $1,102
  • Pro Forma/Market Rent: $2,300
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,391
  • Total Rent: $1,391
  • Pro Forma/Market Rent: $1,700
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,118
  • Total Rent: $2,118
  • Pro Forma/Market Rent: $2,300
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,088
  • Total Rent: $2,088
  • Pro Forma/Market Rent: $2,300
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $1,054,320
  • Net Operating Income: $58,354
  • Gross Operating Income: --
  • Laundry Income: $1,560
Annual Expense Breakdown
  • Total Operating Expense: $47,078
  • Electric: $0
  • Gas/Fuel: $1,368
  • New Taxes: $26,916
  • Trash: $6,744
  • Insurance: $1,850
  • Maintenance: $2,100
  • Professional Management: $1,800
  • Water/Sewer: $6,300

Open Houses for 3640 Jasmine Ave

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Property Details for 3640 Jasmine Ave

Interior Features
Laundry Information
  • Has Laundry
  • Individual Room
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Lot Information
  • Lot Features: 11-15 Units/Acre
  • Lot Size Source: Assessor
  • Common Interest: Community Apartment
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 5
  • Parcel Number: 4313003020
  • Year Built Source: Assessor
  • Entry Level: 1
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: South of 10 freeway and East of 405 freeway
Neighborhood Information
  • Community Features: Curbs
View more facts & features

Local Los Angeles Agent

Sale History for 3640 Jasmine Ave

Last sold for $1,815,000 on January 16th, 2020

  • November, 2023

  • Nov 28, 2023

    Date

    Active

    CRMLS: AR23217476

    $2,168,000

    Price

  • July, 2021

  • Jul 4, 2021

    Date

    Withdrawn

    CRMLS: AR21140577

    $1,950

    Price

  • Jun 28, 2021

    Date

    Active

    CRMLS: AR21140577

    $1,950

    Price

  • Listing provided courtesy of CRMLS

    This beautiful one bed room unit is in The Palms. Open floor plan spacious living room with fire place. Big window is facing the street and for those people love natural light with laminated floor through out the unit. Roomy kitchen granite counter top, sparkles stove, and stainless double sink open to a nice dining area connect to the living room. A very spacious balcony going out from loving room. Large bedroom with big closet. Bathroom has new shower door, new vanity. One car parking space in the front of the gate. a secutity door that leading to this iustair unit. Hot water are include in the rent. Community laundry room inside the building. Secure building with security gate. Palms is very close to Culver City with many fine dining restaurant, bars and entertainments, minutes distance to Metro station, easy access to freeway 10 and 405, UCLA, Beverly Hills, LAX and to the beach. You will love the neighborhood and the unit.

  • August, 2020

  • Aug 21, 2020

    Date

    Expired

    CRMLS: AR20091965

    $1,800

    Price

  • May 22, 2020

    Date

    Withdrawn

    CRMLS: AR20091965

    $1,800

    Price

  • May 14, 2020

    Date

    Active

    CRMLS: AR20091965

    $1,800

    Price

  • Listing provided courtesy of CRMLS

    This beautiful one bed room unit is in The Palms. Open floor plan spacious living room and 2 big windows for those people love natural light with laminated floor. Kitchen has skylight, granite counter top, new vent hood , sparkles stove,new refrigerator and stainless double sink open to a nice dining area with new floor. Large bedroom with big closet and private balcony. Bathroom has new toilet, shower door, new vanity and new floor. One car parking space, hot water are include in the rent. Community laundry room inside the building. Secure building with security gate. Palms is very close to Culver City with many fine dining restaurant, bars and entertainments, minutes distance to Metro station, easy access to freeway 10 and 405, UCLA, Beverly Hills, LAX and to the beach. You will love the neighborhood and the unit.

  • May, 2020

  • May 1, 2020

    Date

    Expired

    CRMLS: AR20022256

    $1,900

    Price

  • Apr 15, 2020

    Date

    Price Change

    CRMLS: AR20022256

    $1,900

    Price

  • Mar 13, 2020

    Date

    Price Change

    CRMLS: AR20022256

    $2,000

    Price

  • Feb 13, 2020

    Date

    Price Change

    CRMLS: AR20022256

    $2,200

    Price

  • Jan 31, 2020

    Date

    Active

    CRMLS: AR20022256

    $2,300

    Price

  • Listing provided courtesy of CRMLS

    This beautiful one bed room unit is in The Palms. Open floor plan spacious living room and 2 big windows for those people love natural light with laminated floor. Kitchen has skylight, granite counter top, new vent hood , sparkles stove, and stainless double sink open to a nice dining area with new floor. Large bedroom with big closet and private balcony. Bathroom has new toilet, shower door, new vanity and new floor. One car parking space, hot water are include in the rent. Community laundry room inside the building. Secure building with security gate. Palms is very close to Culver City with many fine dining restaurant, bars and entertainments, minutes distance to Metro station, easy access to freeway 10 and 405, UCLA, Beverly Hills, LAX and to the beach. You will love the neighborhood and the unit. A new refrigerator shall be provided when tenant move in.

  • January, 2020

  • Jan 21, 2020

    Date

    Sold

    CRMLS: 19509340

    $1,815,000

    Price

  • Nov 25, 2019

    Date

    Pending

    CRMLS: 19509340

    $1,875,000

    Price

  • Sep 10, 2019

    Date

    Active

    CRMLS: 19509340

    $1,875,000

    Price

  • Listing provided courtesy of CRMLS

    This beautifully maintained 5 Unit apartment building is located 1.5 blocks North of Venice Boulevard in the highly coveted neighborhood of Palms. 3640 Jasmine Ave. was constructed in 1967 and sits on a 5,474 Sq. FT. R-3 Zoned lot with roughly 3,930 Sq. Ft. of livable space. The building contains an excellent unit mix consisting of One - Studio + 1 Bath Unit, Three - 1 Bedroom + 1 Bath Units, and One - 2 Bedroom + Den + 2 Bath Unit. The Property is separately metered for gas and electric, and offers an onsite laundry facility. Units are equipped with hardwood floors, gas stoves, balconies, and 2 Units also have fire places.

  • January, 2020

  • Jan 16, 2020

    Date

    Sold (Public Records)

    Public Records

    $1,815,000

    Price

  • July, 2019

  • Jul 16, 2019

    Date

    Expired

    CRMLS: 19455704

    $1,945,000

    Price

  • Apr 17, 2019

    Date

    Active

    CRMLS: 19455704

    $1,945,000

    Price

  • Listing provided courtesy of CRMLS

    Five units on Jasmine Avenue within a mile of the Palms Metro Line station and consisting of a studio, two 1+1s, one large vacant 1+1 and one 2+1.75 with a den. The top four units all have a balcony while the bottom two bedroom unit has a fenced in front yard. A gate with a pedestrian access point secures the building and the rear parking area. Plans have been approved by the city to satisfy the LA Soft-Story Retrofit Program ordinance for the tuck-under parking. Additional income is provided by a laundry room with seller owned equipment. The building is separately metered for both gas and electricity. Property is available if active on MLS. Clock on private remarks for complete information.

  • June, 2019

  • Jun 6, 2019

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 3640 Jasmine Ave

Assessed Value (2020): $2,040,370
Year Land Value Improved Value Assessed Value
2020 $1,428,000 $612,370 $2,040,370

Home Value Compared to the Market

This property vs the competition

3640 Jasmine Ave is listed 73.58% higher than the median list price for the city of Los Angeles which has a median list price of $1,249,000. The median price per/sqft for Los Angeles is $772 and this home is listed at $551.65 per/sqft which puts the price per square foot 28.54% lower than the median price per square foot for the city of Los Angeles.

About 3640 Jasmine Ave

Detailed summary of property

3640 Jasmine Ave is a apartment located in Los Angeles, CA 90034 and is currently for sale. This apartment offers 5 bedrooms, 6 bathrooms, roughly 3,930 living square feet, and sits on an approximately 5,474 square foot lot. 3640 Jasmine Ave was first listed on ArdentRealEstateGroup.com on November 28, 2023. The homeowner is currently asking $2,168,000. The median priced home in Los Angeles is $1,249,000 with a median price per square foot of $772. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 73.58% higher than the median priced home. Local competing homes currently for sale include 8607 Airdrome St, 2300 S Bentley Ave and 1647 S Holt Ave. While the average home in Los Angeles, CA is selling in 97 days, 3640 Jasmine Ave has a days on market of 106 days. There are currently 3429 homes for sale in the Los Angeles real estate market and 2324 of them are single family homes while 1008 of them are condos and 91 are townhomes. For more information on this home for sale at 3640 Jasmine Ave Los Angeles, CA 90034 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 3640 Jasmine Ave

Public county record property details
Beds
6
Baths
6
Year built
1967
Sq. Ft.
3,930
Lot Size
5,473
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
104
APN
4313-003-020

The source for these homes facts are from public records.

90034 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,849,000
Median List Price/Sq.Ft.
$932
Median Sold Price
$1,785,000
Median Sold Price/Sq.Ft.
$1,017
Total Inventory
47
Median Sale to List Price %
99.17%
Avg Days on Market
18
Loan Type
Conventional (0%), FHA (0%), VA (0%), Cash (7.69%), Other (7.69%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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