Offering Memorandum 3750 Jasmine Ave ™ LOS ANGELES, CA CONTENTS 04 PROPERTY OVERVIEW 06 AREA OVERVIEW 12 FINANCIAL OVERVIEW EXCLUSIVELY LISTED BY: DANIEL WITHERS Senior Vice President - Multifamily Direct +1 818 923 6107 Mobile +1 310 365 5054
[email protected] License No. 01325901 (CA) CO-LISTED WITH: JEFFREY LOUKS Marcus and Millichap Direct +1 818 212 2780 Mobile +1 310 941 5899
[email protected] License No. 00908473 (CA) 3750 Jasmine Ave LOS ANGELES, CA ™ CULVER CITY VENICE BLVD 3 | PROPERTY SECTION OVERVIEW 01 | 4 3750 Jasmine Ave LOS ANGELES, CA LOCAL MAP PROPERTY OVERVIEW 3750 Jasmine Avenue is a 40-unit apartment building located in close proximity to Downtown Culver City. Built in 1976, the property is situated on Jasmine Avenue just off Venice Boulevard walking distance to the trendy restaurants, shopping, entertainment and night life that the area has to offer. The two-story property consists of thirteen studios and twenty-seven one-bedroom, one-bathroom units. Key property features include private balconies, controlled gated access, secured reserved parking and an on-site laundry facility. The location boasts easy access to the Culver City Metro Station which has transit lines connecting the area to Santa Monica and Downtown Los Angeles as well as to both the 405 and 10 Freeways. The area is currently booming with large companies that are currently located and moving to the immediate area including Sony, Amazon, Apple, Google and HBO. Current rents are significantly below market and buyer could have tremendous