RARE PALMS OPPORTUNITY! 2 buildings (3741 & 3745 Jasmine) totaling 14 units on a large 15,000 lot. Conveniently positioned in one of the best Palms locations, just a short distance to METRO, shopping, restaurants and High Tech Corporate offices. Built in 1953, this property (zoned LAR3) has rent upside potential and is a prime redevelopment opportunity. All 1 bedroom 1 bath units (~650sqft) in a gated community. Units have been well maintained. On-site laundry which can provide extra income. With a large lot and optimal unit mix, there's tremendous future upside potential in this unique opportunity for a creative investor. The area captures the essence of urban living providing tenants access to West LA, Downtown Culver City and easy access to freeways. 10 parking spaces for tenants plus permit on street parking. 6 units are vacant and available for showing by appointment.
Sold for $3,000,000
Listed by: Compass • Kevin Sullivan • Contact: 714-721-1006
Bought with: RE/MAX One
$3,000,000
3741-3745 Jasmine Ave, Los Angeles, CA 90034
14beds
14baths
9,169sqft
Mixed Use
Built in 1953
-- sqft lot
$2,990,500 Zestimate®
$327/sqft
$2,923 Estimated rent
Home value
$2,990,500
$2.72M - $3.29M
$2,923/mo
Zestimate® history
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Zillow last checked:
Listing updated:
Listed by:
Kevin Sullivan DRE #01736751 7147211006,
Compass,
Co-Listing Agent: Doug Digiore DRE #01319754,
Compass
Bought with:
Chase Simonton, DRE #01766871
RE/MAX One
Robert Carlile, DRE #02066811
RE/MAX One
Source: CRMLS,MLS#: OC25166083
Originating MLS: California Regional MLS
Originating MLS: California Regional MLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 14
- Bathrooms: 14
Heating
- Wall Furnace
Cooling
- None
Appliances
- Laundry: Common Area
Features
- Has fireplace: No
- Fireplace features: None
- Common walls with other units/homes: No Common Walls
Interior area
- Total structure area: 9,169
- Total interior livable area: 9,169 sqft
Property
Parking
- Total spaces: 11
- Parking features: Garage Faces Rear
- Garage spaces: 10
- Uncovered spaces: 1
Features
- Levels: Two
- Stories: 2
- Entry location: 1
- Pool features: None
Lot
- Size: 0.34 Acres
- Features: 0-1 Unit/Acre
Details
- Parcel number: 4314005031
- Zoning: LAR3
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Mixed Use
Condition
- New construction: No
- Year built: 1953
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Features: Sidewalks, Gated
- Security: Gated Community
Location
- Region: Los Angeles
Financial & listing details
- Price per square foot: $327/sqft
- Date on market: 7/23/2025
- Cumulative days on market: 80 days
- Listing terms: Cash,Cash to New Loan,Conventional,1031 Exchange,Submit
Price history
| Date | Event | Price |
|---|---|---|
| 11/7/2025 | Sold | $3,000,000-16.7%$327/sqft |
Source:  CRMLS #OC25166083 Report a problem | ||
| 10/13/2025 | Contingent | $3,600,000$393/sqft |
Source: CRMLS #OC25166083 Report a problem | ||
| 10/3/2025 | Listed for sale | $3,600,000-9.8%$393/sqft |
Source: CRMLS #OC25166083 Report a problem | ||
| 9/26/2025 | Contingent | $3,990,000$435/sqft |
Source: CRMLS #OC25166083 Report a problem | ||
| 7/24/2025 | Listed for sale | $3,990,000$435/sqft |
Source: CRMLS #OC25166083 Report a problem | ||
Public tax history
Tax history is unavailable.
Neighborhood: Palms
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Nearby schools
GreatSchools rating
- 4/10Palms Elementary SchoolGrades: K-5Distance: 0.4 mi
- 5/10Palms Middle SchoolGrades: 6-8Distance: 0.8 mi
- 6/10Alexander Hamilton Senior High SchoolGrades: 9-12Distance: 1 mi
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Estimated market value
$2,990,500
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Estimated market value
$2,990,500
- California
- Los Angeles County
- Los Angeles
- 90034
- Palms
- 3741-3745 Jasmine Ave
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