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Jasmine Apartments 3525 Jasmine Ave 20 Unit Apartment Building $7,019,891 CAD ($350,995 CAD/Unit) 5.42% 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 28% 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 - 2025) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$614,081
|
$40.49
|
| Other Income |
$5,711
|
$0.38
|
| Vacancy Loss |
$18,593
|
$1.23
|
| Effective Gross Income |
$601,199
|
$39.64
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$220,854
|
$14.56
|
| Net Operating Income |
$380,344
|
$25.08
|
FINANCIAL SUMMARY (PRO FORMA - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $614,081 |
| Annual Per SF | $40.49 |
| Other Income (CAD) | |
|---|---|
| Annual | $5,711 |
| Annual Per SF | $0.38 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $18,593 |
| Annual Per SF | $1.23 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $601,199 |
| Annual Per SF | $39.64 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $220,854 |
| Annual Per SF | $14.56 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $380,344 |
| Annual Per SF | $25.08 |
PROPERTY FACTS
| Price | $7,019,891 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $350,995 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.34 AC |
| Cap Rate | 5.42% | Building Size | 15,166 SF |
| Gross Rent Multiplier | 11.33 | 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 | $7,019,891 CAD |
| Price Per Unit | $350,995 CAD |
| Sale Type | Investment |
| Cap Rate | 5.42% |
| Gross Rent Multiplier | 11.33 |
| 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 | $1,439,479 CAD |
| Land Assessment | $959,647 CAD | Total Assessment | $2,399,126 CAD |
PROPERTY TAXES
Parcel Number
4314-014-006
Land Assessment
$959,647 CAD
Improvements Assessment
$1,439,479 CAD
Total Assessment
$2,399,126 CAD
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Jasmine Apartments | 3525 Jasmine Ave
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