1734 Carmona Ave Los Angeles, CA 90019

Property Details for 1734 Carmona Ave

Year built

2024

Property size

6,563 SF

Property type

Commercial real estate

APN

5064-009-010

Description

This exceptional 2024-built fourplex in Los Angeles' Mid-City offers a compelling investment opportunity. Located at 1734 Carmona Ave, 90019, this property boasts 6,563 square feet of net rentable space across four units: two five-bedroom, one four-bedroom, and one six-bedroom unit, offering a diverse and high-income potential. The property sits on a 5,081 square foot lot and includes six parking spaces. Each unit features designer finishes, including stainless steel appliances, modern cabinets, high ceilings, large closets, and numerous balconies. The units are separately metered for gas, water, and electricity, minimizing operating expenses. The property benefits from its location in an Opportunity Zone, providing significant tax advantages. With a projected 5.60% cap rate and a projected NOI of $195,700, this property presents a strong cash flow potential. The building is classified as Class A and is situated on a peaceful, tree-lined street. The property is non-rent controlled and comes with a one-year builder's warranty. This turnkey investment is ready for immediate occupancy and offers a rare opportunity in a highly desirable Los Angeles neighborhood, close to major mixed-use developments such as Ivy Station and the Culver Steps. The property is zoned LARD1.5. The asking price is $3,495,000, with a price per unit of $873,750 and a price per square foot of $532.53. The property consists of two three-story buildings.