3760 JASMINE AVE
Value-add 21-unit apartment building at 3760 Jasmine Ave in the Palms neighborhood of Los Angeles, offered at $5,625,000 at a 4.93% cap ($277,404 NOI). Marcus & Millichap cites approximately 55% potential rental upside. The unit mix is three one-bedroom, 14 two-bedroom, and four three-bedroom apartments.
The 1961 building has 17,702 SF and sits on a 21,656 SF lot (about 0.50 acres) zoned LAR3 (APN 4313-005-022). A copper re-pipe was completed in 2004. On-site features include laundry facilities, a rear swimming pool, and carport parking. The carports may be convertible to accessory dwelling units, subject to feasibility and necessary approvals.
The property is just north of Venice Boulevard and east of Overland Avenue, near Culver City. The Palms Metro E Line and the 10 and 405 freeways are close by. Commercial corridors along Venice, Overland, Washington, and Culver Boulevards are nearby, as are Downtown Culver City, Media Park, and local restaurants, retail, and entertainment.
- 21 units with a larger-unit mix: 14 two-bedrooms and four three-bedrooms
- Approximately 55% potential rental upside
- Possible ADU conversion of the carports, subject to approvals
- Rear pool, on-site laundry, and carport parking
- Near the Palms Metro E Line and the 10 and 405 freeways
More property details
About this property
Marcus & Millichap is pleased to present a 21-unit apartment building located at 3760 Jasmine Avenue in the highly desirable Palms neighborhood of Los Angeles, California, just north of Venice Boulevard and east of Overland Avenue. Situated in prime Palms and near Culver City, the property offers an attractive investment opportunity with approximately 55% potential rental upside. The unit mix consists of three one-bedroom, 14 two-bedroom, and four three-bedroom apartments, catering to a diverse range of renter needs. A copper re-pipe was completed in 2004, and the property features on-site laundry facilities, a rear swimming pool, and carport parking, with potential opportunities to convert the carports into accessory dwelling units (ADUs), subject to feasibility and necessary approvals. Residents benefit from convenient access to the Palms Metro E Line, the 10 and 405 freeways, and nearby commercial corridors along Venice, Overland, Washington, and Culver Boulevards. Downtown Culver City, Media Park, restaurants, retail shops, and entertainment destinations are also within easy reach. With substantial rental growth potential, a desirable mix of larger apartment units, and possible ADU conversion opportunities, the property represents a compelling value-add investment in the thriving Palms market.
Location & transit
Transit/Subway
Buses
Commuter Rail
Airport
Transit data provided by Google. Times and distances are estimates.