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    3855 Jasmine Ave Culver City, CA 90232

    Sponsored
    For Sale
    $2,250,000

    Prime Culver City location, owner-user potential.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional Culver City property at 3855 Jasmine Ave presents a unique investment opportunity, ideal for owner-users or developers. The 7,500 square foot lot (APN 4208-004-012 & 013) is zoned LAC2 and boasts approximately 750 square feet of existing improvements. Currently occupied by a tenant on a month-to-month lease with a 60-day move-out notice, this presents immediate owner-user potential or the chance to reposition the property for a new tenant. The property benefits from excellent signage potential and is conveniently located within walking distance of numerous area amenities. Its strategic location provides direct access to the I-10 and I-405 freeways, ensuring easy commutes and accessibility. The strong area demographics further enhance the investment appeal. This property offers a rare opportunity, having been on the market for the first time in over 40 years. A Phase I Environmental Report has already been completed, streamlining the due diligence process for prospective buyers. Offered at $2,250,000, this is a compelling investment in a thriving Culver City location. The property's versatility and prime location make it an attractive proposition for a wide range of uses.

    Property Features for 3855 Jasmine Ave

    General Information

    Property type
    Land

    HighLights

    • 60‑day notice to vacate from month‑to‑month tenant.
    • Convenient walkability to local amenities.
    • Easy freeway access via I‑10 and I‑405.
    • High visibility with excellent signage opportunities.
    • Strong demographics in the area.
    • Ideal for owner‑occupancy or redevelopment.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Culver City
    County
    Los Angeles
    State
    California
    Longitude
    -118.401213
    Latitude
    34.020423

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    FAQs

    What type of property is this?
    Land - Prime Culver City location, owner-user potential.
    Where is this land located?
    The property is located at 3855 Jasmine Ave Culver City, CA.
    What is the asking price?
    The asking price for this property is $2,250,000.
    What are key features of this property?
    This property features: 60-day notice to vacate from month-to-month tenant.; Convenient walkability to local amenities.; Easy freeway access via I-10 and I-405.
    Request Owner's contact information
    3855 Jasmine Ave Culver City, CA 90232
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    Culver City, CA 90232
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3855 Jasmine Ave Culver City, CA 90232
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