3650 Carmona Avenue
$2,025,000
16
8
9,450
9,450
$214
Description
The property is located in a charming pocket of Baldwin Hills, just East of the Cumulus Development on La Cienega and Jefferson. With trendy eateries, bars, shops, and iconic landmarks just minutes away, the property benefits from a positive trend in rental demand due to a shift from a workforce population to a tech and entertainment centered tenancy. It is comprised of 8 total units, with a desirable mix of 2+1 units averaging approximately 1,181 SF. The property is also equipped with 8 garages...The property is located in a charming pocket of Baldwin Hills, just East of the Cumulus Development on La Cienega and Jefferson. With trendy eateries, bars, shops, and iconic landmarks just minutes away, the property benefits from a positive trend in rental demand due to a shift from a workforce population to a tech and entertainment centered tenancy. It is comprised of 8 total units, with a desirable mix of 2+1 units averaging approximately 1,181 SF. The property is also equipped with 8 garages that open to a large alley and an attached laundry room, as well as tidy landscaping and classing 1950's features throughout. The average current rents for the units are significantly below market rates, presenting an approximate 50% in NOI upside. With premium upgrades, an investor may be able to create a new market rate beyond the published market target. The 8 garages are an excellent potential candidate for ADU conversions. With its prime location in this special pocket of Baldwin Hills along with the distinctive features, overall condition, and considerable upside potential, this property is a standout choice.
- Listed by Scott Rosenberg • DRE #01456686 • Brokerage DRE #01001040 • Kidder Mathews of California, Inc.
Property Details for 3650 Carmona Avenue
Zoning
LARD2
Parcel Number5025006008
Total Units8.0
Living Area9450
Source Living AreaVendor Enhanced
AreaPark Hills Heights (PHHT)
Vacancy Rate0
Lot Size Area9463
LISTING UPDATED: 11/01/2024 12:01 AM
Property Details for 3650 Carmona Avenue
Status | Active |
---|---|
MLS # | 24-456659 |
Days on Market | 21 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1951 |
Lot Size | 0.22 AC / 9,463 SF |
County | Los Angeles County |
Building Information for 3650 Carmona Avenue
Stories-Residences-Year Built1951Building Size-Lot Size0.22 AC / 9,463 SF
Property Information for 3650 Carmona Avenue
Property History for 3650 Carmona Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 3650 Carmona Avenue
Taxable ValueLand$628,023Additions$251,206Total$879,229
Tax Record2024$12,042 ($1,003 / month)
Home Facts
Total Finished SqFt9,450 SqFtAbove Grade Finished SqFt9,450 SqFtLot Size9,460 SqFtStyleMulti-Family Res (5+ Units)Year Built1951ZoningLARD2CountyLOS ANGELESAPN5025-006-008
Schools near 3650 Carmona Avenue
This home is within Los Angeles Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Charter - | 5 to 8 | |||
Public - | 9 to 12 | |||
Charter - | K to 5 |
Rating | School | Distance |
---|---|---|
Baldwin Hills Elementary School PublicK to 5 | ||
Stella Middle Charter Academy Charter5 to 8 | ||
Susan Miller Dorsey Senior High School Public9 to 12 | ||
New Los Angeles Elementary School CharterK to 5 |
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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