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3436 Carmona Avenue

Los Angeles (City), CA 90016
  • $1,785,000
  • STATUS: Active
  • ON SITE: 20 Days
  • ID#: 24355547
$1,785,000
  • 7
    BEDS
  • 0.24
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 3,506
    SQFT
  • $509
    $/SQFT
Type:
Multi-Family
Built:
1950
County:

School Ratings & Info

School District:
Listing Agent(s): Andrew Watkins of Century 21 Masters (800-463-0977)


Description

Very rare, legal 4-plex with a new ADU. Property situated near Culver City, The Cumulus District, the Hayden Tract, and The Habitat (https://www.habitatlosangeles.com), and West Adams - this area is one of the hottest and up-and-coming neighborhoods in Los Angeles. Opportunity for an owner to live in one of the units while renting out the others for instant income or add it to your long-term portfolio for potential future development. UPTO FOUR UNITS MAY BE DELIVERED VACANT. Gross Scheduled Income (GSI) $140,304; Expenses $28,424; Net Operating Income (NOI) $111,880; GRM 12.72; Cap Rate 6.27%. New sewer pipes for the property, and various upgrades in rented units. New fencing and gates have been installed, enhancing security and privacy on the property. Owners' unit has been updated with new flooring, kitchen, and bathrooms, and new plumbing and electric. Super low maintenance costs. Unit mix: 3 BD/2BA, 2BD/1BA, 1BD/1BA, studio/1BA, and a new ADU from ABODU, which is 1BD/1BA and over 495 sqft. Total 3506 sqft on a huge 10,462 sqft lot. Easy access to Mar Vista, Venice, Playa Vista, LAX, DTLA and the Expo Line. MOTIVATED SELLER - BRING YOUR BEST OFFER!

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Based on information from California Regional Multiple Listing Service, Inc. as of 2024-02-28T00:30:24.937. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Berkshire Hathaway HomeServices California Properties. Licensed in the State of California, USA.
www.kevinhillre.com/homes/147345710
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3436 Carmona Avenue Los Angeles (City), CA 90016

  • Price: $1,785,000
  • Status: Active
  • On Site: 20 Days
  • ID#: 24355547
7
Beds
0
Baths
0
½ Baths
0.24
Acres
3,506
SQFT
$509
$/SQFT
1950
Built
Neighborhood:
PHHT - Park Hills Heights
County:
Los Angeles
Area:
PHHT - Park Hills Heights
School District:
Los Angeles Unified
Property Description
Very rare, legal 4-plex with a new ADU. Property situated near Culver City, The Cumulus District, the Hayden Tract, and The Habitat (https://www.habitatlosangeles.com), and West Adams - this area is one of the hottest and up-and-coming neighborhoods in Los Angeles. Opportunity for an owner to live in one of the units while renting out the others for instant income or add it to your long-term portfolio for potential future development. UPTO FOUR UNITS MAY BE DELIVERED VACANT. Gross Scheduled Income (GSI) $140,304; Expenses $28,424; Net Operating Income (NOI) $111,880; GRM 12.72; Cap Rate 6.27%. New sewer pipes for the property, and various upgrades in rented units. New fencing and gates have been installed, enhancing security and privacy on the property. Owners' unit has been updated with new flooring, kitchen, and bathrooms, and new plumbing and electric. Super low maintenance costs. Unit mix: 3 BD/2BA, 2BD/1BA, 1BD/1BA, studio/1BA, and a new ADU from ABODU, which is 1BD/1BA and over 495 sqft. Total 3506 sqft on a huge 10,462 sqft lot. Easy access to Mar Vista, Venice, Playa Vista, LAX, DTLA and the Expo Line. MOTIVATED SELLER - BRING YOUR BEST OFFER!
Exterior Features

Architectural Style Traditional Construction Materials Stucco Entry Level 1 Entry Location Ground Level - no steps Exterior Features Rain Gutters Lot Features Back YardFront YardIrregular LotLawnLandscapedSecludedYard Other Structures Guest House Parking Features DrivewayRV PotentialOn StreetSide By SideUncovered Parking Total 6 Patio And Porch Features OpenPatioStone Roof Composition Spa Features None Spa YN No View YN Yes

Interior Features

Appliances BarbecueDishwasherDisposalMicrowaveRefrigeratorWasher Cooling Central Air Cooling YN Yes Door Features Sliding Doors Fireplace Features DecorativeFamily Room Fireplace YN Yes Flooring Tile Heating Forced Air Heating YN Yes Interior Features Ceiling Fan(s) Window Features BlindsDouble Pane WindowsDrapesScreens

Property Features

Additional Parcels YN No Association YN No Cap Rate 6.27 Community Features Gated Disclosures HOA DisclosureRent Control Gross Income 140304 Land Lease YN No Laundry Features Stacked Levels Two Listing Agreement Seller Reserved Listing Service Full Service Net Operating Income 111880 New Construction YN No Property Condition Repairs CosmeticUpdated/Remodeled Rent Control YN Yes Security Features Gated Community Senior Community YN No Sewer Sewer Tap Paid Special Listing Conditions Standard Vacancy Allowance Rate 60 Water Source Public Zoning LAR1



Based on information from California Regional Multiple Listing Service, Inc. as of 2024-02-28T00:30:24.937. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Berkshire Hathaway HomeServices California Properties. Licensed in the State of California, USA.
 
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Berkshire Hathaway HomeServices California Properties
25909 Pala Dr, Suite 100
Mission Viejo CA, 92691
Listing Agent(s): Andrew Watkins of Century 21 Masters (800-463-0977)