3601 Jasmine Ave — Sale in Los Angeles, CA

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Los Angeles, CA 90034

Photos

3601 Jasmine Ave — Sale in Los Angeles, CA, photo 1 of 2
3601 Jasmine Ave — Sale in Los Angeles, CA, photo 2 of 2

Investment Figures

Cap rate
5.04%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

This exceptional 1984-built multifamily property in Palms offers a rare non-RSO advantage, giving investors the freedom to adjust rents to market rates and execute value-add renovations without strict regulatory caps. Situated in a high-demand submarket where roughly 92% of residents rent, the asset draws affluent professionals and tech talent drawn to nearby Culver City and Silicon Beach, backed by a 1-mile average household income of $135,488 and a highly educated local workforce. The building features six spacious one-bedroom units with cathedral ceilings and private balconies, complemented by low-maintenance operational efficiencies including separate metering, individual water heaters, and ample on-site parking with seven garage and two surface spaces. Investment Highlights: • 1984 Built (Non-RSO, Only AB 1482) • Excellent Location in Palms Attractively Priced at Only 285K/Unit • Ample Parking (7 Garage spaces and 2 Freestanding Spaces)

Market Context

This multifamily in Los Angeles, CA is listed for sale. It is offered at an approximate 5.0% capitalization rate, a key benchmark for income-producing multifamily assets. Compare it against other multifamily listings for sale in Los Angeles, CA — view the full market.

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