5 months on rocket

3640 Jasmine Ave, Los Angeles, CA, 90034

$2,168,000

Home List Price

$10,000*

Closing Credit

0 Baths
Condo
Schools Nearby

Location

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3640 Jasmine Ave, Los Angeles$2,168,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeCondominium
Year Built1967
MLS #AR23217476
Lot Size0.13 Acres
StatusActive

About 3640 Jasmine Ave

3640 Palms is a prime investment opportunity in the high sough neighborhood. This multifamily property is built in 1967, totaling 3,930 square feet on a spacious 5,474 square foot lot, zoned LAR3. There are three 1 bedroom, one studio, and one 2 bedrooms unit with a den and 2 baths that can be converted to a 3 bedroom unit. The property has separated gas and electric meter, as well as an onsite laundry facility for additional income. Each unit is adorned hard wood floor, gas stoves, balconies or patio, two units has fireplace. This pride property has low water landscaping and has 6 open parking spaces with a safe security gate. Earthquake soft story was completed in 2021. This property presents a significant opportunity for investors with an estimate of 30% upside in gross rental income. It is conveniently located in proximity to the beach communities of Culver City, Santa Monica, and the new Expo line station and the 405 and 10 freeways.

Property Details

Property Features

Property Information:

  • Year Built: 1967
  • Stories: 2

Listing Office:

  • Office Name: KW Executive
  • Office Phone: (626) 255-7833
  • Listing Agent: Alan Tran

Exterior Features

Exterior Information:

  • Private Pool: No

Lot Features

Lot Information:

  • Lot Size: 0.13 Acres

School Info

Assigned Schools Information:

  • Alexander Hamilton Senior High School, Public Magnet Grades 9-12
  • Math, Science, & Technology Magnet Academy at Roosevelt High School, Public Magnet Grades 9-12
  • Daniel Pearl Journalism & Communications Magnet, Public Magnet Grades 9-12
  • Palms Middle School, Public Magnet Grades 6-8
  • Studio, Public District Grades 6-8
  • Palms Elementary School, Public District Grades KG-5
  • Melrose Avenue Elementary School, Public Magnet Grades KG-6
  • Academy For Enriched Sciences, Public Magnet Grades 1-5

Other

Directions Information:

  • Directions: South of 10 freeway and East of 405 freeway

Price Information

Listing Price Info

Price Summary:

  • List Price: $2,168,000

Tax Information:

  • Annual Amount: $22,423
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Los Angeles, CA.

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Los Angeles, CA

City

Med. Sold Price

$986.4K

Med. Price/SqFt

$631

Avg. Days On Market

34

# of Sold Homes

1534

3640 Jasmine Ave vs Los Angeles

158 DAYS ON ROCKET

+124 Days

$2,168,000

+$1.1M More

KEY TAKEAWAY

This property is $1.1M more than the Median Sold Price in Los Angeles, CA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CRMLS
  • MLS Number: #AR23217476

Listing Office:

  • Office Name: KW Executive
  • Office Phone: (626) 255-7833
  • Listing Agent: Alan Tran

IDX Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) 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. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/5/2024, 8:20:40 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Jan 16, 2020Home Sold
$1,815,000

Tax History

YEARPROP. TAXASSESSMENT
2021$22,423$1,834,173
2020$7,906$2,040,000
2019$7,825$605,427
2018$7,624$593,557
2017$7,624$581,920

History based on county public records data.

Payment Calculator

$10.8K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$6,566

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-6410268
4
/10

  • Palms Elementary School

  • 3520 Motor Ave

  • 0.23 miles

  • Public District Grades KG-5

school-card-donut-6410269
8
/10

  • Melrose Avenue Elementary School

  • 731 N Detroit St

  • 5.31 miles

  • Public Magnet Grades KG-6

school-card-donut-6410270
9
/10

  • Academy For Enriched Sciences

  • 6170 Lockhurst Dr

  • 17.66 miles

  • Public Magnet Grades 1-5

Middle School

school-card-donut-6410271
7
/10

  • Palms Middle School

  • 10860 Woodbine St

  • 0.70 miles

  • Public Magnet Grades 6-8

school-card-donut-6410272
4
/10

  • Studio

  • 2211 W Avenue 30

  • 11.06 miles

  • Public District Grades 6-8

High School

school-card-donut-6410273
5
/10

  • Alexander Hamilton Senior High School

  • 2955 S Robertson Blvd

  • 0.96 miles

  • Public Magnet Grades 9-12

school-card-donut-6410274
8
/10

  • Math, Science, & Technology Magnet Academy at Roosevelt High School

  • 456 S Mathews St

  • 11.05 miles

  • Public Magnet Grades 9-12

school-card-donut-6410275
8
/10

  • Daniel Pearl Journalism & Communications Magnet

  • 6649 Balboa Blvd

  • 12.77 miles

  • Public Magnet Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $62,212. Residents of Los Angeles, CA typically earn between $35k-100k each year. Residents typically live in single, no kids family. Typical level of education for residents in this area is post secondary degree.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 3640 Jasmine Ave

What is the listing price of this property?

The listing price of 3640 Jasmine Ave property is $2,168,000.

What type of property is this?

The property 3640 Jasmine Ave is a condo located in Los Angeles, California, 90034.

Is this property for sale now?

Active Listing: 3640 Jasmine Ave is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 3640 Jasmine Ave are:
Palms Elementary School: GreatSchools Rating 4/10
Melrose Avenue Elementary School: GreatSchools Rating 8/10
Academy For Enriched Sciences: GreatSchools Rating 9/10
Palms Middle School: GreatSchools Rating 7/10
Studio: GreatSchools Rating 4/10
Alexander Hamilton Senior High School: GreatSchools Rating 5/10
Math, Science, & Technology Magnet Academy at Roosevelt High School: GreatSchools Rating 8/10
Daniel Pearl Journalism & Communications Magnet: GreatSchools Rating 8/10

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $22,423 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on January 16, 2020 for $1,815,000. (source: MLS/tax record).

Which year was this property built?

The year of construction for 3640 Jasmine Ave is 1967.

Rocket Homes›California›Los Angeles County›Los Angeles›90034›3640 Jasmine Ave

This home is located at 3640 Jasmine Ave in Los Angeles, CA and zip code 90034 in the Palms neighborhood. This home, which was built in 1967, sits on a 0.13 acre lot. It has been listed on Rocket Homes since November 28, 2023 and is currently priced at $2,168,000.

Los Angeles, CA housing market in April 2024 saw over 701 listings sold above listed price, more than 204 sold at listed price and over 629 sold below. The number of listings in Los Angeles, CA increased by 14.9% between March 2024 and April 2024. Listings spent 34 days on the market in April 2024, and had a median list price of $986,427 during the same period.

From Rocket Homes Real Estate and based on county public records data.

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