3601 Jasmine AVE, Los Angeles, CA 90034
3601 Jasmine AVE, Los Angeles, CA 90034
3601 Jasmine AVE, Los Angeles, CA 90034
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Chris & Michelle Mardelli

Chris & Michelle Mardelli

+1(626) 215-4105
$2,995,000
Est. payment /mo
7 Beds
10 Baths
5,352 SqFt
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UPDATED:

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 5,352 sqft

Price per Sqft $559

MLS Listing ID 26104674

Bedrooms 7

HOA Y/N No

Year Built 1984

Lot Size 7,448 Sqft

Property Description

Situated in the high-demand, renter-dominated Palms neighborhood near Culver City and Silicon Beach, this 1984-built multifamily asset offers an exceptional investment opportunity backed by strong local demographics, including an average household income exceeding $135,000 and a highly educated resident base. Most importantly, the building is exempt from the Los Angeles Rent Stabilization Ordinance (RSO), granting ownership significant operational flexibility to capture market-rate rents, execute strategic renovations, and maximize income. The property features an ideal unit mix comprised of spacious one-bedroom layouts - many accented by dramatic cathedral ceilings and private balconies - alongside efficient studio units. Designed to appeal directly to young professionals and tech workers, the asset is fully supported by strong operational infrastructure, including separately metered electricity, individual water heaters, and ample on-site parking with nine total spaces. Please note the property is currently nine (9) units and the tenth unit, a fully legal and permitted ADU, is currently under construction.

Location

State CA

County Los Angeles

Area C13 - Palms - Mar Vista

Zoning LAR3

Interior

Heating None

Cooling Wall/Window Unit(s)

Fireplace No

Exterior

Parking Features Concrete, Covered

Total Parking Spaces 9

Building

Entry Level Two

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 4314006001

Special Listing Condition Standard

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Listed by Saadia 'Sam' Liberow Marcus & Millichap #01933858
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Chris & Michelle Mardelli

Broker Associate License ID: 01834969

+1(626) 215-4105 | chris@therealupside.com

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3601 Jasmine AVE

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