3650 Carmona Avenue

Los Angeles, CA 90016

$2,025,000
Price
16
Beds
8
Baths
9,450 Sq. Ft.
$214 / Sq. Ft.
9,450
Sq. Ft.
$214
per Sq. Ft.

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.
  1. Listed by Scott Rosenberg • DRE #01456686 • Brokerage DRE #01001040 • Kidder Mathews of California, Inc.

Property Details for 3650 Carmona Avenue

Zoning
LARD2
Parcel Number
5025006008
Total Units
8.0
Living Area
9450
Source Living Area
Vendor Enhanced
Area
Park Hills Heights (PHHT)
Vacancy Rate
0
Lot Size Area
9463
LISTING UPDATED: 11/01/2024 12:01 AM

Property Details for 3650 Carmona Avenue

StatusActive
MLS #24-456659
Days on Market21
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1951
Lot Size0.22 AC / 9,463 SF
CountyLos 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

Community / Development
Community / Development
  • Number Of Units: 8
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 0
  • Number Of Buildings: 1
  • Type Of Units: 2+1
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: $150,354
  • Net Operating Income: $85,755.00
  • Gross Income: $155,004
  • Gross Rent Multiplier: $13.06
  • Total Annual Expense: 64559
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.2172
  • Lot Size Square Feet: 9463
Parking Details
Parking Details
  • Parking Garage: Garage
  • Total Parking: 0
  • Parking Features: Garage
Interior Features
Interior Features
  • Levels: Two
  • Cooling Type: Window Unit(s)
  • Heating: None
  • Heating Type: None
  • Equipment: Dishwasher, Dryer, Microwave, Washer, Refrigerator, Range/Oven, Ceiling Fan
  • Interior Features: Ceiling Fan(s)
  • Laundry: Washer Included, Dryer Included
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 10-25-2024
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,614.00
  • Unit Actual Rent: $12,917.00
  • Unit Projected Rent: $20,800.00
  • Like Units: 8
Unit Details
  • Unit Type Type: 2106
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $246,281.00
  • Assessed Improvement Percent: 28.57
  • Assessed Land Value: $615,709.00
  • Assessed Land Percent: 71.43
  • Assessed Total Value: $861,990.00

Property History for 3650 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 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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3650 Carmona Avenue is a multi-family home for sale in Los Angeles, CA 90016. This property was listed for sale on October 24, 2024 by Kidder Mathews of California, Inc., it's currently listed at $2,025,000. This listing's school district is Los Angeles Unified School District. Nearby schools include Baldwin Hills Elementary School, Stella Middle Charter Academy and Susan Miller Dorsey Senior High School. 3650 Carmona Avenue is a 16-bed, 8-bath, 9,450 sqft multi-family home built in 1951.

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 Kidder Mathews of California, Inc., Scott Rosenberg, DRE #01456686

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.