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Property profile & analytics
FOR SALE
Auto shops

3855 Jasmine Ave Culver City, CA 90232

750 SF 0.11 ac lot Built 1977
Individually Owned 3-yr Hold Absentee Owner Free & Clear
Property ID
US09-7464786
Property summary
AI-generated overview

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 profile
Verified
Property type Auto shops
Use group AUTO REPAIR, GARAGE
Year built 1977
Construction TILT-UP CONCRETE
Total area 750 SF
Lot 0.11 ac (4,993 SF)
Zoning code LAC2
APN 4208-004-012
UPID US09-7464786
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Steven V Bock · 3 yrs held
Steven V Bock
since 2023
3 recorded transactions
2023
Price N/A
2010
Price N/A
2010
Price N/A
Zoning & alternative use
LAC2 · Culver City, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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More about this property
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