151 South Carmelita Avenue

Los Angeles, CA 90063

$849,000
Price
4
Beds
2
Baths
1,540 Sq. Ft.
$551 / Sq. Ft.
1,540
Sq. Ft.
$551
per Sq. Ft.

Description

One unit to be delivered vacant! Charming East LA Duplex with Endless Potential Nestled on a hill with breathtaking Downtown LA views, this newly remodeled duplex is a fantastic opportunity for both homeowners and investors. The property features: Unit 1: A beautifully updated 2-bed, 1-bath unit (800 sq ft) with brand-new flooring, fresh interior paint, and a private front yard—perfect for pets, BBQs, or relaxing mornings. Move-in ready for an owner or tenant! Unit 2: A 2-bed, 1-bath unit (700 sq...One unit to be delivered vacant! Charming East LA Duplex with Endless Potential Nestled on a hill with breathtaking Downtown LA views, this newly remodeled duplex is a fantastic opportunity for both homeowners and investors. The property features: Unit 1: A beautifully updated 2-bed, 1-bath unit (800 sq ft) with brand-new flooring, fresh interior paint, and a private front yard—perfect for pets, BBQs, or relaxing mornings. Move-in ready for an owner or tenant! Unit 2: A 2-bed, 1-bath unit (700 sq ft) currently rented on a month-to-month basis at $2,450/month by a dependable tenant, offering immediate income potential. Additional highlights include parking for 4+ vehicles and a quiet, desirable neighborhood. Bonus: Approved plans for a third unit are near completion, adding even greater potential for future income. Conveniently located near major freeways (5, 60, 10, 710), Obregon Park, the Arts District, ELAC, and local dining and entertainment, this property combines charm, accessibility, and opportunity. FHA buyers are welcome! Don’t miss your chance to own this East LA gem!
  1. Listed by Aldo Baltodano • DRE #01879659 • Brokerage DRE #02020877 • Greenpoint Real Estate Services • 951-833-1030
  2. Listed by April Gonzales • DRE #02114204 • Brokerage DRE #02020877 • Greenpoint Real Estate Services

Property Details for 151 South Carmelita Avenue

View
City Lights
Parking Spaces Total
4
Private Pool
No
Cooling Type
Central Forced Air
Total Units
2.0
Building Type
Attached
Lot Size Source
Owner
Living Area
1540
LISTING UPDATED: 01/05/2025 07:38 AM

Property Details for 151 South Carmelita Avenue

StatusActive
MLS #DW24245473
Days on Market37
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1920
Lot Size0.12 AC / 5,188 SF
CountyLos Angeles County

Building Information for 151 South Carmelita Avenue

Stories2Residences-Year Built1920Building Size-Lot Size0.12 AC / 5,188 SF

Property Information for 151 South Carmelita Avenue

Rental Info
Rental Info
  • Tenant Pays: Electricity, Gas
Income / Expense / Tax Details
Income Details
  • Gross Income: $63,600
  • Gross Scheduled Income: $63,600
  • Vacancy Allowance Rate: 10
  • Gross Operating Income: $57,240
  • Net Operating Income: $54,480
  • Cap Rate: 6.4
  • Current Financing: FHA, VA, Conventional
Expense Details
  • Operating Expense: $2,760
  • Electric Expense: $0
  • Insurance Expense: $1,440
  • Trash Expense: $600
  • Water Sewer Expense: $720
  • Total Expenses: $2,760
Tax / Assessment Info
  • Tax Block: 10
  • Tax Tract Number: 5329
  • Tax Census Tract: 5310.00
  • CFD/Mello-Roos Fee: $1,099
  • Tax Lot: 28
Community / Development
Community / Development
  • Accessibility Features: Parking
  • Disability Access: Other Main Level Modifications
  • Assessments YN: Yes
  • Assessments: Unknown
  • Community Features: Sidewalks
Property / Structure Info
Interior Features
  • Appliances: None
  • Equipment: Electric Dryer Hookup, Hookup - Electric, Inside, None, Washer Hookup
  • Interior Features: Open Floorplan
  • Room Type: Great Room
  • Laundry: Yes
  • Laundry Features: Electric Dryer Hookup, Inside, Washer Hookup
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Cooling: Central Air
  • Heating Type: Forced Air
  • Heating: Forced Air
  • Heat Equipment: Forced Air Unit
  • Flooring: Vinyl
Exterior Features
  • Roof: Composition
  • Entry Location: Street
  • Foundation Details: Raised
  • Property Condition: Updated/Remodeled
  • View Description: City Lights
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
  • Spa Features: None
Land/Lot Info
  • Lot Features: 0-1 Unit/Acre
  • Number Of Units: 2
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: Multi/Split
  • Water: Public
  • Sewer: Public Sewer
  • Utilities: Electricity Connected, Sewer Connected, Water Connected
  • Electric: Electricity Connected, Sewer Connected, Water Connected
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Parking: Yes
  • Parking Garage: Driveway
  • Uncovered Spaces: 4
  • Open Other Spaces Total: 4
  • Parking Garage Spaces: 0
  • Carport Spaces: 0
  • Parking Features: Driveway
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $0
  • Unit Type Total Rent: $0
  • Unit Type Pro Forma: 2700
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,450
  • Unit Type Total Rent: $2,450
  • Unit Type Pro Forma: 2600
  • Unit Type Type: 2
Unit Information
  • Rent Controlled: No
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number With Disposal: 2
  • Number With Patio: 1

Property History for 151 South Carmelita Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 151 South Carmelita Avenue

Taxable ValueLand$468,180Additions$234,090Total$702,270
Tax Record2024$9,610 ($801 / month)
Home Facts
Total Finished SqFt1,200 SqFtAbove Grade Finished SqFt1,200 SqFtLot Size5,211 SqFtStyleDuplexYear Built1920ZoningLCR2*CountyLOS ANGELESAPN5233-028-034

Schools near 151 South Carmelita Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Marianna Avenue Elementary School
PublicK to 6

Belvedere Middle School
Public6 to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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151 South Carmelita Avenue is a multi-family home for sale in Los Angeles, CA 90063. This property was listed for sale on December 6, 2024 by Greenpoint Real Estate Services, it's currently listed at $849,000. It has been on the market for a total of 37 days and was last sold on February 23, 2022. This listing's school district is Los Angeles Unified School District. Nearby schools include Marianna Avenue Elementary School, Belvedere Middle School and East Los Angeles Renaissance Academy At Esteban E. Torres High No. 2. 151 South Carmelita Avenue is a 4-bed, 2-bath, 1,540 sqft multi-family home built in 1920.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Greenpoint Real Estate Services, Aldo Baltodano, DRE #01879659; Greenpoint Real Estate Services, April Gonzales, DRE #02114204

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.