2332 Carmona Avenue

Los Angeles CA 90016

0.14 ac.

Multi-Family

Last sold for $4,200,000

Elizabeth Maddox, last sold this property on 06 January 2023 after -908 days on market.

Overview

2332 Carmona Ave is an OPPORTUNITY ZONE new construction 5-unit (fourplex + large ADU) on a corner lot in prime Mid-City, walking distance to the Culver City Arts District! With completion of this extraordinary project estimated to be December 2022/January 2023, now is the time to lock in this incredible OZ opportunity before it gets nabbed! 2332 Carmona is a massively impressive NON RENT-CONTROLLED 5-unit made up of four mega-sized 4 bedroom/4.5 bathroom tri-level townhomes and one beautifully designed 2-story 2 bedroom/1.5 bathroom ADU! These premium townhomes feature the biggest and best floorplans weve ever seen in a new construction project! You will find noteworthy features including, but not limited to: solar panels, bedrooms with all en-suite bathrooms, high ceilings, mega-sized living room/kitchen areas, huge walk in closets, balconies off the majority of the bedrooms, large windows everywhere you look allowing for maximum light, built in storage and desk nooks throughout, designer tiles, modern glossy cabinets, natural wood water proof vinyl, and more! Considering these are the best floorplans tenants will find in Mid-City, we project the rents will be $5,200-$5,300 for the 4-bedroom units and $3,200 for the 2 bedroom. That makes for a whopping 5.33% cap rate in a market of low 4% caps (and under)! In addition to the high return, buyers will enjoy other perks including: NO RENT CONTROL, 8 parking spaces, tastefully designed drought tolerant landscaping, a 1-year builders warranty, brand new EVERYTHING, little to no maintenance, separate meters for gas, water & ele

Features

16 bedrooms

20 bathrooms

0.14 ac. lot size

Multi-Family

Estimated Value

We need at least 3 similar 16 bedroom multi families sold in Los Angeles over the last 12 months.

Property history for 2332 Carmona Avenue

2023

Sold

$4,200,000

06 Jan 2023 by Elizabeth Maddox, of The 2-4 Unit Specialists

2021

Sold

$1,050,000

07 May 2021 by Maesoa Darton, of Montecito Realty Co

Happy sellers in Los Angeles

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