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3501 JASMINE Avenue, Los Angeles, CA 90034

Property Details

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3501 JASMINE Avenue
Los Angeles, CA 90034

For Sale: $12,350,000

Property Type: Commercial Apartments
MLS#: 19434136

  • Building Size: 21295 SF
  • Lot Size: 12942 SF
  • Number of Units: 18
  • Number of Stories: 2
  • Year Built: 1987
  • Days on market: 41
  • Cap Rate: 4.04
  • Net Operating Income: $498,686
  • Gross Scheduled Income: $752,268
  • Rent Control: No
  • GRM: 15.76
  • Contact Listing Agent Direct:
  • Richard Ringer, Richard J. Ringer Inc.

Property Description

Marcus & Millichap is pleased to present 3501 Jasmine Avenue, an 18-unit off-campus studenthousing apartment building located in the Palms neighborhood of Los Angeles. From this locationtenants can enjoy easy access to the 405 and I-10 freeways and the National/Palms Boulevard ExpoLine is within a 5-minute walk. With a slew of new bars and restaurants popping up in the immediatearea, residents can experience casual dining and nightlife with significant convenience. Collegestudents who attend UCLA often choose to live in the Palms area due to the proximity to the UCcampus, which is only five miles north.The property, built in 1987, is 21,295 square-feet and sits on a 12,943 square-foot lot. The buildingoffers nine two-bedroom/two-bathroom units, five three-bedroom /three-bathroom units, three fourbedroom/three-bathroom units and one five-bedroom /four-bathroom unit.

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3501 JASMINE Avenue, Los Angeles, CA 90034

Based on information from California Regional Multiple Listing Service, Inc. as of February 15, 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

Listing provided by: Richard Ringer, Richard J. Ringer Inc.

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