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    1921 Carmona Ave Los Angeles, CA 90016

    Sponsored
    For Sale
    $3,260,000

    Brand new, 100% occupied, high ROI.

    Property size:
    6,222 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 2023-built fourplex in Los Angeles' desirable Mid-City boasts 6,222 square feet across four units, each offering designer finishes and open floor plans. The property features eight parking spaces, in-unit Samsung washer/dryers, stainless steel appliances, central A/C and heating, and balconies with city views. A motorized gate enhances security. Individual utility meters maximize cash flow, contributing to a strong 5.65% cap rate and a Net Operating Income (NOI) of $184,300. Located at 1921 Carmona Ave, Los Angeles, CA 90016, this non-rent-controlled building is situated in an opportunity zone, offering potential tax advantages (buyer to verify). The prime location provides easy access to Culver City, Miracle Mile, Beverly Hills, and Downtown Los Angeles, with numerous trendy restaurants, shops, and entertainment options nearby. The property's modern design, high occupancy rate, and strong financial performance make it an attractive investment opportunity. The building consists of two structures, each three stories high, and is zoned LARD1.5. The asking price is $3,260,000, representing $815,000 per unit and $523.95 per square foot. An additional area in front of the building offers potential for extra parking or outdoor space.

    Property Features for 1921 Carmona Ave

    General Information

    Property type
    Multifamily properties
    Square Feet
    6,222 SF
    Class
    A

    Building Details

    Year Built
    2023
    Buildings
    2
    Stories
    3
    Units
    4

    HighLights

    • Prime Mid‑City location near Culver City, shopping, and trendy restaurants.
    • Excellent access to Miracle Mile, Beverly Hills, Downtown LA, and Culver City's Arts District, Ivy Station, and Helms Bakery District.
    • Brand‑new construction with designer finishes and open floor plans.
    • Exceptional 5.70% cap rate in an Opportunity Zone, with no rent control.
    • 100% leased with strong rental income.
    • Highly central Mid‑City location with easy access to major areas of Los Angeles.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.3617224
    Latitude
    34.039498

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    FAQs

    What type of property is this?
    Multifamily property - Brand new, 100% occupied, high ROI.
    Where is this multifamily property located?
    The property is located at 1921 Carmona Ave Los Angeles, CA.
    What is the asking price?
    The asking price for this property is $3,260,000.
    What are key features of this property?
    This property features: Prime Mid-City location near Culver City, shopping, and trendy restaurants.; Excellent access to Miracle Mile, Beverly Hills, Downtown LA, and Culver City's Arts District, Ivy Station, and Helms Bakery District.; Brand-new construction with designer finishes and open floor plans.
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1921 Carmona Ave Los Angeles, CA 90016
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