1921 Carmona Avenue

Los Angeles, CA 90016

$3,260,000
Price
13
Beds
16
Baths
6,168 Sq. Ft.
$529 / Sq. Ft.
6,168
Sq. Ft.
$529
per Sq. Ft.

Description

Welcome to 1921 Carmona! This is a brand new construction cheerful modern fourplex in Mid-City that is 100% FULLY LEASED with an amazing 5.70% cap rate! 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...Welcome to 1921 Carmona! This is a brand new construction cheerful modern fourplex in Mid-City that is 100% FULLY LEASED with an amazing 5.70% cap rate! 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 floor-plans 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 beautiful windows with views. 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 5.70% and very little expenses.
  1. Listed by Daniel Lalezari • DRE #01949474 • Brokerage DRE #01364089 • Keller Williams Hollywood Hills

Property Details for 1921 Carmona Avenue

Zoning
LARD1.5
Style
Modern
Parcel Number
5064013001
Total Units
4.0
Living Area
6168
Source Living Area
Plans
Area
Mid Los Angeles (C16)
Vacancy Rate
0%
LISTING UPDATED: 11/18/2024 06:50 PM

Property Details for 1921 Carmona Avenue

StatusActive
MLS #24-435573
Days on Market79
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built2023
Lot Size0.14 AC / 6,302 SF
CountyLos Angeles County

Building Information for 1921 Carmona Avenue

Stories3Residences-Year Built2023Building Size-Lot Size0.14 AC / 6,302 SF

Property Information for 1921 Carmona Avenue

Community / Development
Community / Development
  • Number Of Units: 4
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Builder
  • Number Of Stories: 3
  • Number Of Buildings: 2
  • Type Of Units: 4
  • Security Features: Carbon Monoxide Detector(s), Automatic Gate
  • Water Heaters: Yes
Contract Info
Contract Info
  • Disclosures: None
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $0
  • Net Operating Income: $186,112.00
  • Gross Income: $228,600
  • Cap Rate: 5.70%
  • Gross Rent Multiplier: $14.26
  • Total Annual Expense: 42488
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1447
  • Lot Size Square Feet: 6302
  • Lot Size Dimensions: 40x156
  • Source Lot Size Dimensions: Vendor Enhanced
Parking Details
Parking Details
  • Parking Garage: Covered Parking, Carport
  • Total Parking: 10
  • Parking Features: Covered, Carport
Interior Features
Interior Features
  • Levels: Multi/Split
  • Cooling: Central Air
  • Cooling Type: Central
  • Heating: Central
  • Heating Type: Central
  • Equipment: Dishwasher, Dryer, Freezer, Garbage Disposal, Hood Fan, Ice Maker, Microwave
  • Room Kitchen Features: Kitchen Island
  • Kitchen Features: Island
  • Laundry: Dryer Included
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structural Features: Balcony
  • Other Structures: Other
Lease Terms
Lease Terms
  • Entry Date: 09-04-2024
Unit Details
Unit 1 Information
  • Unit Beds: 4
  • Unit Baths: 4
  • Unit Furnished: No
  • Unit Rent: $4,900.00
  • Unit Actual Rent: $4,900.00
  • Unit Projected Rent: $5,250.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 3
  • Unit Baths: 4
  • Unit Furnished: No
  • Unit Rent: $4,950.00
  • Unit Actual Rent: $4,950.00
  • Unit Projected Rent: $4,950.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 3
  • Unit Baths: 4
  • Unit Furnished: No
  • Unit Rent: $4,700.00
  • Unit Actual Rent: $4,700.00
  • Unit Projected Rent: $5,000.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 3
  • Unit Baths: 4
  • Unit Furnished: No
  • Unit Rent: $4,500.00
  • Unit Actual Rent: $4,500.00
  • Unit Projected Rent: $4,950.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $37,454.00
  • Assessed Improvement Percent: 4.31
  • Assessed Land Value: $832,320.00
  • Assessed Land Percent: 95.69
  • Assessed Total Value: $869,774.00

Property History for 1921 Carmona 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 1921 Carmona Avenue

Taxable ValueLand$887,169Additions-Total$887,169
Tax Record2024$11,316 ($943 / month)
Home Facts
Total Finished SqFt6,064 SqFtAbove Grade Finished SqFt6,064 SqFtStories1Lot Size6,300 SqFtStyleQuadraplexYear Built1922ZoningLARD1.5CountyLOS ANGELESAPN5064-013-001

Schools near 1921 Carmona Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Charter - 6 to 8
Rating
School
Distance
Marvin Elementary School
PublicK to 5

Daniel Webster Middle School
Public6 to 8

Alexander Hamilton Senior High School
Public9 to 12

New Los Angeles Charter School
Charter6 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.

Similar Homes

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1921 Carmona Avenue is a multi-family home for sale in Los Angeles, CA 90016. This property was listed for sale on September 4, 2024 by Keller Williams Hollywood Hills, it's currently listed at $3,260,000. It has been on the market for a total of 79 days and was last sold on January 29, 2021. This listing's school district is Los Angeles Unified School District. Nearby schools include Marvin Elementary School, Daniel Webster Middle School and Alexander Hamilton Senior High School. 1921 Carmona Avenue is a 13-bed, 16-bath, 6,168 sqft multi-family home built in 2023.

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 Keller Williams Hollywood Hills, Daniel Lalezari, DRE #01949474

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.