Homes for sale - 3644 Carmona AVE, Los Angeles, CA 90016

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Randy Plaice

randy@randyplaice.com +1(818) 294-0414

$ 2,150,000

Est. payment | -/mo

16 Beds

8 Baths

9,450 SqFt

Save

$ 2,150,000

Est. payment | -/mo

Save

16 Beds

8 Baths

9,450 SqFt

Key Details

Property Type Multi-Family

Listing Status Pending

Purchase Type For Sale

Square Footage 9,450 sqft

Price per Sqft $227

MLS Listing ID 24456623

Bedrooms 16

HOA Y/N No

Year Built 1951

Lot Size 9,461 Sqft

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 Phht - Park Hills Heights

Zoning LARD2

Interior

Interior Features Ceiling Fan(s)

Heating None

Fireplace No

Appliance Dishwasher, Microwave, Refrigerator, Dryer, Washer

Laundry Common Area

Exterior

Parking Features Garage

Building

Story 2

Entry Level Two

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 5025006007

Special Listing Condition Standard

Listed by Scott Rosenberg • Kidder Mathews of California, Inc.

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(818) 294-0414

randy@randyplaice.com

25101 The Old Road Suite 240, Ranch, Ca, 91381, United States

3644 Carmona AVE Los Angeles, CA 90016