1921 Carmona Ave Los Angeles, CA 90016
- Commercial real estate
- 6,222 SF
Current Use by Public Records
- Commercial real estate
Property Details for 1921 Carmona Ave
- Year built
- 2023
- Property size
- 6,222 SF
- Property type
- Commercial real estate
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Los Angeles
- County
- Los Angeles
- State
- California
- Longitude
- -118.3617224
- Latitude
- 34.039498
