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Multifamily

3601 Jasmine Ave

3601 Jasmine Ave, Los Angeles, CA 90034

Listing Price: $3,295,000

Cap Rate
3.65%
Number of Units
9
Price/Unit
$366,111
Price/Gross SF
$676.31
Gross SF
4,872

Investment Overview

Marcus & Millichap is pleased to present 3601 Jasmine Ave in Los Angeles, California. It is located between the 405 freeway to the west and the 10 free way to the east. It is centrally located with access to public transportation. The offering is in a strong rental location proximate to schools and retail centers. The subject property has total of 9 units with a great unit mix. 3 of the units consist of studios. There is also 4 - 1 Bd/ 1 Ba units that have cathedral ceilings in all. All units are very well-maintained and there is 100% collections on them. The property comprises 1, two-story buildings built in 1984 with some renovations done over the years. The property also features onsite laundry and garage parking. All units are separately metered for gas and electricity. 3601 Jasmine Ave would make a great addition to the portfolio of any investor looking for an excellent unit mix and reliable cash flow.

Investment Highlights

  • Located in Desirable Palms Neighborhood
  • All 3 Studios have full kitchen and separate entry from ground floor
  • All 6 1b/1ba have cathedral ceilings and 5 have a private balcony
  • Brand new washer & dryer for onsite laundry
  • Ample amount of garage parking
  • No late payments in 2020
  • Plans and permits for conversion of garage into brand new 1-bedroom ADU

Exclusively Listed By

Listing Price: $3,295,000

Cap Rate
3.65%
Number of Units
9
Price/Unit
$366,111
Price/Gross SF
$676.31
Gross SF
4,872

Investment Highlights

  • Located in Desirable Palms Neighborhood
  • All 3 Studios have full kitchen and separate entry from ground floor
  • All 6 1b/1ba have cathedral ceilings and 5 have a private balcony
  • Brand new washer & dryer for onsite laundry
  • Ample amount of garage parking
  • No late payments in 2020
  • Plans and permits for conversion of garage into brand new 1-bedroom ADU

Investment Overview

Marcus & Millichap is pleased to present 3601 Jasmine Ave in Los Angeles, California. It is located between the 405 freeway to the west and the 10 free way to the east. It is centrally located with access to public transportation. The offering is in a strong rental location proximate to schools and retail centers. The subject property has total of 9 units with a great unit mix. 3 of the units consist of studios. There is also 4 - 1 Bd/ 1 Ba units that have cathedral ceilings in all. All units are very well-maintained and there is 100% collections on them. The property comprises 1, two-story buildings built in 1984 with some renovations done over the years. The property also features onsite laundry and garage parking. All units are separately metered for gas and electricity. 3601 Jasmine Ave would make a great addition to the portfolio of any investor looking for an excellent unit mix and reliable cash flow.

Exclusively Listed By

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