3640 Jasmine offers a prime investment opportunity in a sought-after area. Built in 1967, this multifamily property spans 3,930 square feet on a 5,474 square foot lot, zoned LAR3. It includes three 1-bedroom units, one studio, and one 2-bedroom unit with a den and 2 baths, potentially convertible to a 3-bedroom unit.
Each unit features hardwood floors, gas stoves, and balconies or patios, with two units boasting fireplaces. The property has separate gas and electric meters, onsite laundry for extra income, and sustainable low-water landscaping. Safety and convenience are ensured with 6 open parking spaces and a security gate. Earthquake retrofitting was completed in 2021.
Strategically located near Culver City, Santa Monica, the Expo line station, and the 405 and 10 freeways, the property promises significant rental income potential, estimated at a 30% upside. This is an ideal choice for investors seeking a balance of location and value.