2304 South Carmelina Avenue

Los Angeles, CA 90064

$2,149,000
Price
3
Beds
8
Baths
3,843 Sq. Ft.
$559 / Sq. Ft.
3,843
Sq. Ft.
$559
per Sq. Ft.

Description

This prime eight-unit apartment building in West Los Angeles, adjacent to Santa Monica, presents a fantastic investment opportunity. The property boasts tastefully updated units featuring elegant crown and base moldings, hardwood floors, and stylish built-ins. Recent enhancements include a 100-gallon central water heater replaced just two years ago, a roof that's approximately 10 years old, and a newly poured concrete driveway and parking lot. Additionally, the building has undergone a completed...This prime eight-unit apartment building in West Los Angeles, adjacent to Santa Monica, presents a fantastic investment opportunity. The property boasts tastefully updated units featuring elegant crown and base moldings, hardwood floors, and stylish built-ins. Recent enhancements include a 100-gallon central water heater replaced just two years ago, a roof that's approximately 10 years old, and a newly poured concrete driveway and parking lot. Additionally, the building has undergone a completed soft-story retrofit. Owner has plans for two ADU's. In turnkey condition, this building is ideal for someone transitioning from a trade or seeking a hassle-free investment with reliable tenants in place. The blend of modern updates and a desirable location makes this property a standout choice for investors looking to add a high-quality asset to their portfolio. Price is firm. Shown with accepted offer.
  1. Listed by Joseph Schiro • DRE #01162621 • Brokerage DRE #01162621 • Plush Home Int'l Realty

Property Details for 2304 South Carmelina Avenue

Zoning
LAR3
Style
Mid-Century
Parcel Number
4259028002
Total Units
8.0
Living Area
3843
Source Living Area
Vendor Enhanced
Area
West Los Angeles (WLA)
Vacancy Rate
3%
LISTING UPDATED: 11/04/2024 09:01 AM

Property Details for 2304 South Carmelina Avenue

StatusActive
MLS #24-434593
Days on Market82
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1965
Lot Size0.14 AC / 6,248 SF
CountyLos Angeles County

Building Information for 2304 South Carmelina Avenue

Stories2Residences-Year Built1965Building Size-Lot Size0.14 AC / 6,248 SF

Property Information for 2304 South Carmelina Avenue

Community / Development
Community / Development
  • Number Of Units: 8
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: Apartments
  • Property Condition: Updated/Remodeled
  • Sewer: In Street
  • Water Heater Features: Central Water Heater
Contract Info
Contract Info
  • Financing: Cash, Cash To New Loan
  • Disclosures: As Is, Rent Control
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $158,198
  • Net Operating Income: $96,370.00
  • Gross Income: $163,091
  • Cap Rate: 4.50%
  • Gross Rent Multiplier: $13.18
  • Vacancy Allow Percent: 3.00%
  • Owner Pays: Electricity, Gardener, Gas, Water
  • Total Annual Expense: 61828
  • Expense Maintenance Percent: $5.00
  • Expense Operating Percent: $39.00
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1434
  • Lot Size Square Feet: 6248
Parking Details
Parking Details
  • Parking Garage: Assigned, Offsite, Garage Is Attached
  • Total Parking: 8
  • Covered Parking: 3
  • Open Other Spaces Total: 5
  • Parking Features: Assigned, Off Site
  • Attached Garage: Yes
Interior Features
Interior Features
  • Levels: Two
  • Cooling: Wall/Window Unit(s)
  • Cooling Type: Wall/Window, Other
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Equipment: Built-Ins, Ceiling Fan, Garbage Disposal, Range/Oven
  • Interior Features: Crown Moldings
  • Common Walls: Attached
  • Laundry: Room
  • Laundry Equipment: Lease
Exterior Features
Exterior Features
  • Sprinklers: Front
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 09-03-2024
  • Tenant Pays: Cable TV
Unit Details
Unit 1 Information
  • Unit Beds: 0
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,620.00
  • Unit Actual Rent: $1,620.00
  • Unit Projected Rent: $1,850.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 0
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,488.00
  • Unit Actual Rent: $1,488.00
  • Unit Projected Rent: $1,850.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,587.00
  • Unit Actual Rent: $1,587.00
  • Unit Projected Rent: $2,200.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 0
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,806.00
  • Unit Actual Rent: $1,806.00
  • Unit Projected Rent: $1,850.00
  • Like Units: 1
Unit 5 Information
  • Unit Beds: 0
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,700.00
  • Unit Actual Rent: $1,700.00
  • Unit Projected Rent: $1,850.00
  • Like Units: 1
Unit 6 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,050.00
  • Unit Actual Rent: $2,050.00
  • Unit Projected Rent: $2,200.00
  • Like Units: 1
Unit 7 Information
  • Unit Beds: 0
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,700.00
  • Unit Actual Rent: $1,700.00
  • Unit Projected Rent: $1,850.00
  • Like Units: 1
Unit 8 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,639.00
  • Unit Actual Rent: $1,639.00
  • Unit Projected Rent: $2,200.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109, 2110, 2111, 2112, 2113
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $283,979.00
  • Assessed Improvement Percent: 40.0
  • Assessed Land Value: $425,973.00
  • Assessed Land Percent: 60
  • Assessed Total Value: $709,952.00

Property History for 2304 South Carmelina 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 2304 South Carmelina Avenue

Taxable ValueLand$434,492Additions$292,833Total$727,325
Tax Record2024$9,653 ($804 / month)
Home Facts
Total Finished SqFt3,843 SqFtAbove Grade Finished SqFt3,843 SqFtLot Size6,250 SqFtStyleMulti-Family Res (5+ Units)Year Built1965ZoningLAR3CountyLOS ANGELESAPN4259-028-002

Schools near 2304 South Carmelina Avenue

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

Daniel Webster Middle School
Public6 to 8

University Senior High School Charter
Charter9 to 12

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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2304 South Carmelina Avenue is a multi-family home for sale in Los Angeles, CA 90064. This property was listed for sale on September 2, 2024 by Plush Home Int'l Realty, it's currently listed at $2,149,000. It has been on the market for a total of 82 days and was last sold on October 23, 2001. This listing's school district is Los Angeles Unified School District. Nearby schools include Nora Sterry Elementary School, Daniel Webster Middle School and University Senior High School Charter. 2304 South Carmelina Avenue is a 3-bed, 8-bath, 3,843 sqft multi-family home built in 1965.

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 Plush Home Int'l Realty, Joseph Schiro, DRE #01162621

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.