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3755 Jasmine Ave Los Angeles, CA 90034

$3,300,000 Sold Price as of 12/13/2019

13 Beds
13 Baths
-- Sq.Ft.

Sold

$3,300,000 Sold Price as of 12/13/2019 Refinance Your Mortgage

Map preview of 3755 Jasmine Ave, Los Angeles, CA 90034

Property Overview: 3755 Jasmine Ave Los Angeles, CA has 13 bedrooms, 13 bathrooms, -- living square feet and -- square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: The 10 unit subject property is 1/2 block from some of LA's hippest retail and dining along Venice Blvd, several blocks from Sony Studios and boasts a Walkscore of 91. In addition to being ideally located: the Seller recently completed the LADBS Mandatory Soft Story Retrofit ($120,000+/-), all the 2 Bed units (one of which is townhouse-style) have 2 Baths, the roof is newer and the building has benefited from conscientious and steady maintenance, due to long-term, local ownership. The building is fronted by attractive landscaping and has a secured entry. And there's plenty of parking underneath and off the alley - almost 20 spaces, some tandem. There's an on-site laundry facility and the property has separate gas and electric meters.1976-construction, large units that average almost 900 square feet and 200 bps of unrealized rent upside on market rents! A tried-and-true investment opportunity in one of the Westside's most-desirable rental submarket.

Listed by Brice Head | BRE #01330706 | Marcus & Millichap

Last checked: 8 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 6

Home details

Lot Sq. Ft: --
HOA Dues: $0/mo
Year built: 1976
Garage: --
Property Type:: Multi Family

Status: Sold
MLS#: 19523718
City: Los Angeles
County: Los Angeles
Time on Site: 1263 days

Multi-Family Unit Breakdown

Unit Mix Summary

Total # of Units: 10
Total # of Buildings: 1

Unit Breakdown 1

# of Units: 1
# of Beds: 2
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $1,848
Total Rent: $1,848
Pro Forma/Market Rent: $3,000

Unit Breakdown 2

# of Units: 1
# of Beds: 0
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $1,228
Total Rent: $1,228
Pro Forma/Market Rent: $1,600

Unit Breakdown 3

# of Units: 1
# of Beds: 1
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $1,593
Total Rent: $1,593
Pro Forma/Market Rent: $2,000

Unit Breakdown 4

# of Units: 1
# of Beds: 2
# of Baths: 2
Furnishing: Unfurnished
Actual Rent: $1,486
Total Rent: $1,486
Pro Forma/Market Rent: $2,900

Unit Breakdown 5

# of Units: 1
# of Beds: 1
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $1,682
Total Rent: $1,682
Pro Forma/Market Rent: $2,000

Unit Breakdown 6

# of Units: 1
# of Beds: 1
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $1,491
Total Rent: $1,491
Pro Forma/Market Rent: $2,100

Unit Breakdown 7

# of Units: 1
# of Beds: 1
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $1,740
Total Rent: $1,740
Pro Forma/Market Rent: $2,000

Unit Breakdown 8

# of Units: 1
# of Beds: 2
# of Baths: 2
Furnishing: Unfurnished
Actual Rent: $1,608
Total Rent: $1,608
Pro Forma/Market Rent: $2,900

Unit Breakdown 9

# of Units: 1
# of Beds: 1
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $1,506
Total Rent: $1,506
Pro Forma/Market Rent: $2,000

Unit Breakdown 10

# of Units: 1
# of Beds: 2
# of Baths: 2
Furnishing: Unfurnished
Actual Rent: $2,146
Total Rent: $2,146
Pro Forma/Market Rent: $2,900

Multi-Family Income/Expense Information

Property Income and Analysis

Gross Rent Multiplier: 17.35
Gross Scheduled Income: --
Net Operating Income: $112,650
Gross Operating Income: $195,936

Annual Expense Breakdown

Total Operating Expense: --

Property Details for 3755 Jasmine Ave

Interior Features

Cooling Information

No Cooling
None

Heating Information

Has Heating
Wall Furnace

Lot Details / Garage and Parking

Parking/Garage Information

Has Parking
Parking Features: Covered

Lot Information

Lot Size Source: Assessor

Property Information

Total # of Units: 10
Parcel Number: 4314005033

Location / Neighborhood

Location Information

Directions: Take Venice Blvd and turn onto Jasmine Avenue

View more facts & features

Local Los Angeles Agent

Sale History for 3755 Jasmine Ave

Last sold for $3,300,000 on December 13th, 2019

December, 2019
Dec 14, 2019

Date

Sold

CRMLS: 19523718

$3,300,000

Price
Oct 31, 2019

Date

Pending

CRMLS: 19523718

$3,399,000

Price
Oct 24, 2019

Date

Active

CRMLS: 19523718

$3,399,000

Price
December, 2019
Dec 13, 2019

Date

Sold (Public Records)

Public Records

$3,300,000

Price
February, 1997
Feb 6, 1997

Date

Sold (Public Records)

Public Records

$309,809

Price

Tax History for 3755 Jasmine Ave

Assessed Value (2020): $3,302,150

Year	Land Value	Improved Value	Assessed Value
2020	$2,600,000	$702,150	$3,302,150

Home Value Compared to the Market

This property vs the competition

3755 Jasmine Ave sold on December 13, 2019 for 200.8% higher than the current median sold price for the city of Los Angeles which is $1,130,000.

About 3755 Jasmine Ave

Detailed summary of property

3755 Jasmine Ave is a multi family that recently sold in Los Angeles, CA 90034. This multi family property offered 13 bedrooms, 13 bathrooms, roughly -- living square feet, and sits on an approximately -- square foot lot. 3755 Jasmine Ave was first listed on ArdentRealEstateGroup.com on January 13, 2021. The homeowner sold the property for $3,300,000. Home in Los Angeles are selling for a median price of $1,130,000 and a median price per square foot of $754. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 200.8% higher than the current median priced home. Local homes that are currently for sale include 3758 Inglewood Blvd, 12028 Venice Blvd and 1508 S Durango Ave. While the average home in Los Angeles, CA is selling in 99 days, 3755 Jasmine Ave has a days on market of 6 days. There are currently 3982 homes for sale in the Los Angeles real estate market and 2673 of them are single family homes while 1195 of them are condos and 107 are townhomes. For more information on this home for sale at 3755 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 3755 Jasmine Ave

Public county record property details

Beds: 8
Baths: 11
Year built: 1976
Sq. Ft.: 8,734
Lot Size: 7,500
Stories: --

Type: Apartment House (5+ Units)
Pool: No
Spa: No
County: Los Angeles
Lot#: 37
APN: 4314-005-033

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

$1,795,000

Median List Price/Sq.Ft.

$932

Median Sold Price

$2,333,000

Median Sold Price/Sq.Ft.

$1,028

Total Inventory

Median Sale to List Price %

116.94%

Avg Days on Market

Loan Type

Conventional (0%), FHA (0%), VA (0%), Cash (8.33%), Other (25%)

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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.