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Jasmine Apartments 3525 Jasmine Ave 20 Unit Apartment Building $6,872,798 CAD ($343,640 CAD/Unit) 5.60% Cap Rate Los Angeles, CA 90034
Investment Highlights
- Excellent Palms Location
- Under LA City Rent Control
- Substantial Rental Upside
Executive Summary
The Jasmine Apartments are a well maintained rent controlled property located in the City of Los Angeles right on the border of Culver City. This property presents an astute investor a reposition opportunity as there is approximately 22% upside in rents. Additionally, there is a garage that can potentially be converted into an ADU. With ample parking, a great unit mix, and tremendous upside, this property presents an excellent opportunity. Soft-story retrofit requirement has been completed.
Financial Summary (Pro Forma - 2026) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$619,064
|
$40.82
|
| Other Income |
$5,591
|
$0.37
|
| Vacancy Loss |
$18,739
|
$1.24
|
| Effective Gross Income |
$605,916
|
$39.95
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$220,953
|
$14.57
|
| Net Operating Income |
$384,963
|
$25.38
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $619,064 |
| Annual Per SF | $40.82 |
| Other Income (CAD) | |
|---|---|
| Annual | $5,591 |
| Annual Per SF | $0.37 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $18,739 |
| Annual Per SF | $1.24 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $605,916 |
| Annual Per SF | $39.95 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $220,953 |
| Annual Per SF | $14.57 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $384,963 |
| Annual Per SF | $25.38 |
Property Facts
| Price | $6,872,798 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $343,640 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.34 AC |
| Cap Rate | 5.60% | Building Size | 15,166 SF |
| Gross Rent Multiplier | 11 | Average Occupancy | 100% |
| No. Units | 20 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1960 |
| Property Subtype | Apartment | Parking Ratio | 1.19/1,000 SF |
| Zoning | R3-1 | ||
| Price | $6,872,798 CAD |
| Price Per Unit | $343,640 CAD |
| Sale Type | Investment |
| Cap Rate | 5.60% |
| Gross Rent Multiplier | 11 |
| No. Units | 20 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.34 AC |
| Building Size | 15,166 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1960 |
| Parking Ratio | 1.19/1,000 SF |
| Zoning | R3-1 |
Amenities
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 16 | - | - |
| 1+1.5 | 1 | - | - |
| 2+1.5 | 2 | - | - |
| 2+2 | 1 | - | - |
1 1
Walk Score®
Walker's Paradise (90)
Bike Score®
Very Bikeable (86)
Property Taxes
| Parcel Number | 4314-014-006 | Improvements Assessment | $1,426,233 CAD (2025) |
| Land Assessment | $950,816 CAD (2025) | Total Assessment | $2,377,048 CAD (2025) |
Property Taxes
Parcel Number
4314-014-006
Land Assessment
$950,816 CAD (2025)
Improvements Assessment
$1,426,233 CAD (2025)
Total Assessment
$2,377,048 CAD (2025)
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Jasmine Apartments | 3525 Jasmine Ave
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