1921 Carmona Avenue
Los Angeles, CA, 90016 $ 3,399,000
Bedrooms13 Baths16.0 Sq 6,222 Monthly Estimate*
$ 23,743
Listed by Keller Williams Hollywood Hills
for $3,399,000 with 13 bedrooms and 16 full baths. This 6,222 square foot home was built in 2023 on a lot size of 0.1447.
Welcome to 1921 Carmona! This is a brand new construction cheerful modern fourplex in Mid-City that is 75% LEASED! The Mid City area is one the hottest markets in Los Angeles as it is very close and accessible to Miracle Mile, Beverly Hills, Downtown and just a few minutes from Downtown Culver City, the Culver City Arts District, Culver City steps, Ivy Station, Helms Bakery District and tons of trendy restaurants! This fourplex has designer finishes and amazing open floorplans that are perfect for entertaining. The kitchens feature center islands with waterfalls on the edge that greet you as you walk in and the units have a ton of natural light and windows. Currently 75% Leased, two of the 3 bedroom units are currently rented at $4,799 and $4,700 and the four bedroom is leased at $4,900. The new buyer has the choice to use application and have building fully stabilized, choose their own applicants or occupy the last unit. 1921 Carmona is a NON RENT-CONTROLLED building, located in an opportunity zone area which has huge tax benefits (buyer to verify). The neighborhood has rapidly gentrified with gorgeous brand new mixed-use developments nearby and full of shopping centers, restaurants and bars. Some restaurants + bars in town include Father's Office, Pasta Sisters, Blue Bottle Coffee, Mandrake, CAVA, Bondi Harvest, The Culver Hotel. The brand new Cumulus District and the Whole Foods are just minutes away. The fourplex includes 8 Parking Spaces, Brand New Samsung Washer/Dryer, and Stainless Steel Kitchen Appliances. Great for entertaining family, roommates, couples or friends. Balconies overlooking city views. The front area has an extra space for additional parking or space for a bbq/patio area. All units include Central Air Conditioning + Heating, and a motorized Gate. The property has separate meters for all utilities making the monthly cash flow higher, with an exceptional estimated cap rate of 5.55% and very little expenses.
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FeaturesGeneralHeating Central
Cooling CentralAir
Appliances Dishwasher Disposal Microwave Dryer
Zoning LARD1.5
Architectural Style Modern
Security Features CarbonMonoxideDetectors SecurityGate
Year Built 2023
Levels MultiSplit
Gross Income 230376.0
County Los Angeles
Net Operating Income 188479.0
New Construction N
Property Type ResidentialIncome
HOA / Comm Assn N
Attached Garage N
Garage Y/N N
Special Listing Conditions Standard
Status Active
Directions South of Venice and east of Fairfax
City Los Angeles
View Y/N N
Senior Community Y/N N
Total Units 4
MLS Area C16 - Mid Los Angeles
Lot Size Square Feet 6302.0
Private Pool N
Waterfront Y/N N
Carport Y/N Y
Street Name Carmona
Property Attached Y/N N
Land Lease Y/N N
Home Warranty Y/N N
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Days on Market 21
Standard Status Active
Year Built Source Builder
Cap Rate 5.55
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ExteriorParking Features Covered Carport
Total Parking 10.0
Lot Size Area 6302.0
Number of Buildings 2
Spa N
Building Area Total 6222.0
Lot Dimensions 40x156
Lot Size Acres 0.1447
Lot Size Units SquareFeet
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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InteriorTotal Stories 3
Basement (Y/N) N
Air Conditioning Y/N Y
Heating Y/N Y
Fireplace Y/N N
Full Baths 0
Half Baths 0
1/4 Baths 0
3/4 Baths 0
Street Suffix Avenue
Total Bedrooms 13
Electric On Property Y/N N
Total Baths 16
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* Excluded FeaturesList ByKeller Williams Hollywood HillsBroker
Affordability Calculator
- Monthly Principal & Interest
- $23,743
- Monthly Property Taxes
- --
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyMulti-family listings in Los Angeles, CA
Average List Price $2,006,100
Percent of Sale Price 41%
About Los Angeles, CA 3,920,026 Population
6% Since 2002
$ 55,057 Median Income
36.82 Median Age
27% Households with Children
Trends Information provided by ATTOM Data Solutions.
273443 Elementary School
272636 Middle School
Unknown High School High School
Pricing HistoryDate | Price | Price Change | Description |
---|
3/22/2024 | $3,399,000 | | Listed Price |