CA > Los Angeles
Los Angeles, CA 90016,3638 Carmona Ave
$2,025,000
Est. payment /mo
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16 BD
8 BA
9,450 SqFt
Active

3638 Carmona Ave Los Angeles, CA 90016

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Nikki Bonifatto

Nikki Bonifatto

+1(702) 467-7343

UPDATED:

11/01/2024 07:01 AM

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 9,450 sqft

Price per Sqft $214

MLS Listing ID 24-456499

Bedrooms 16

Year Built 1951

Lot Size 9,464 Sqft

Acres 0.2173

Property 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 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.

Location

State CA

County Los Angeles

Area Park Hills Heights

Zoning LARD2

Rooms

Other Rooms None

Interior

Heating None

Cooling Window Unit(s)

Equipment Dishwasher, Refrigerator, Range/Oven, Washer, Dryer, Microwave, Ceiling Fan

Exterior

Garage Garage

Garage Spaces 8.0

Building

Story 2

Level or Stories Two

Others

Special Listing Condition Standard

TheMLS (CLAW)
The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2024 The MLSTM/CLAW. All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by Kidder Mathews of California, Inc.

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3638 Carmona Ave