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.
MLS #
CRAR23217476
MLS Source
California Regional MLS
Days on Site
152
Buyer's Brokerage Compensation*
2.50
Garage/Parking
Garage: 0 Car(s)
Listing Agent
Alan Tran
KW Executive
License #: 01042743
Phone: (626) 255-7833
Co-Listing Agent
Tiffany Vu
License #: 02038278
Phone: –
# Buildings | # Leased Units | # Total Units |
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1 | – | – |
3640 Jasmine Ave is a Residential Income in Los Angeles, CA 90034. This – square foot property sits on a – Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $2,168,000 and was built in 1967.
This address can also be written as 3640 Jasmine Ave, Los Angeles, CA 90034.©2024 California Regional MLS. All rights reserved. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Information provided is for personal, non-commercial use by the viewer and may not be redistributed without explicit authorization from California Regional MLS.
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This listing information is up-to-date as of March 21, 2024. For the most current information, please contact Alan Tran, (626) 255-7833