Multifamily Market Report
PALMS &
Cheviot Hills.
What's trading on your block.
Prepared for
BJ Turner
3761 Jasmine Ave · Los Angeles, CA 90034
Multifamily Market Report
Market Snapshot
Fifteen multifamily buildings closed within roughly a mile of your block on Jasmine between July 2025 and February 2026. Median price per door landed at $308,333 on a 4.91% cap. The dispersion is wide. Buyers are still paying up for newer or larger product, and discounting older buildings with deeper deferred maintenance.
3601 Jasmine is currently listed at $283K/door on a 5.36% cap. That's a touch above the closed median on cap, slightly under on PPU. For an owner sitting on a building like 3761, the data below tells you exactly where today's market shakes out.
Comp Map
Chartreuse marker is your building at 3761 Jasmine. Numbered teal markers correspond to the comp table.
Sales Comparables
15 closed + 1 active (3601 Jasmine, highlighted). Bottom row is the closed-set median.
| # | Address | Price | Units | SF | Built | Cap | GRM | $/SF | $/Unit | COE |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | 3601 Jasmine Ave Active | $2,550,000 | 9 | 4,782 | 1984 | 5.36% | 12.12 | $533 | $283,333 | On Mkt |
| 2 | 3121 S Canfield Ave | $2,135,000 | 9 | 8,602 | 1963 | 4.01% | 13.49 | $248 | $237,222 | 4/26 |
| 3 | 3525 Jasmine Ave | $4,710,000 | 20 | 15,166 | 1960 | 5.22% | 11.20 | $311 | $235,500 | 2/26 |
| 4 | 3735 Cardiff Ave | $1,550,000 | 6 | 5,010 | 1968 | 4.62% | 12.86 | $309 | $258,333 | 12/25 |
| 5 | 2051 S Corning St | $2,050,000 | 6 | 6,448 | 1960 | 5.50% | 10.60 | $318 | $341,667 | 12/25 |
| 6 | 3624 Overland Ave | $4,500,000 | 12 | 6,275 | 1959 | — | — | $717 | $375,000 | 11/25 |
| 7 | 3321 Keystone Ave | $2,925,000 | 9 | 7,850 | 1988 | — | — | $373 | $325,000 | 11/25 |
| 8 | 1952 S Holt Ave | $1,985,000 | 6 | 8,216 | 1963 | 5.63% | 11.22 | $242 | $330,833 | 11/25 |
| 9 | 3329 Keystone Ave | $2,160,000 | 8 | 7,900 | 1971 | 4.90% | 12.40 | $273 | $270,000 | 10/25 |
| 10 | 3763 S Bentley Ave | $3,700,000 | 12 | 13,798 | 1985 | 4.91% | 12.01 | $268 | $308,333 | 10/25 |
| 11 | 3317-3319 Bagley Ave | $2,200,000 | 6 | 6,258 | 1983 | 3.90% | — | $352 | $366,667 | 9/25 |
| 12 | 3744 Delmas Ter | $2,525,000 | 9 | 7,624 | 1984 | 5.25% | 11.58 | $331 | $280,556 | 9/25 |
| 13 | 10961 Rose Ave | $2,950,000 | 9 | 9,558 | 1968 | 5.32% | — | $309 | $327,778 | 9/25 |
| 14 | 3624 Hughes Ave | $1,545,000 | 6 | 4,112 | 1954 | 4.90% | 14.08 | $376 | $257,500 | 8/25 |
| 15 | 2314 S Corning | $1,965,000 | 9 | 9,066 | 1957 | 4.25% | 11.67 | $217 | $218,333 | 7/25 |
| 16 | 3655 Motor Ave | $4,780,000 | 12 | 12,000 | 2006 | 4.91% | 13.40 | $398 | $398,333 | 6/25 |
| 15 Closed · Median | $41,680,000 | 139 | 127,883 | — | 4.91% | 12.01 | $311 | $308,333 | total | |
Source: CoStar & broker-reported closes. A handful of trades closed without disclosed cap or GRM (common for off-market or 1031 deals). Medians exclude the active listing.
Read of the Market
The premium trades skewed two ways. Newer construction pulled real money. 3655 Motor (2006 build) closed at $398K/door, and 3624 Overland printed $375K/door at $717/SF on an unusually small footprint. Older buildings with cleaner rent rolls and finished value-add still found buyers in the $300K–$330K range. Discounts went to deferred-maintenance product and locations slightly off the Palms/Cheviot core.
Cap rates inside this set are sitting at 4.91% median. That's tighter than where Mid-City or Koreatown is trading, but loose enough that 1031 buyers and West LA syndicators are still active. Three of the closes (3525 Jasmine, 3744 Delmas, and 3329 Keystone) are within walking distance of your building.
None of this is a pitch. If you ever want to stress-test what 3761 might actually trade at today, the numbers above are the right starting point. I'm happy to model it out either way.
Let's Talk
Whether you're a holder, a swap candidate, or just curious where 3761 prices today, I'd rather you have the numbers than not. Reply to my email or text me anytime.