1734 Carmona Ave, Los Angeles, CA 90019
4 Unit Apartment Building | $3,495,000 ($873,750/Unit) | 5.60% Cap Rate | Los Angeles, CA 90019
For Sale
Active
Asking Price $3,495,000
- Property Type
-
Multifamily
- Square Feet
- 6,563 SF
Listing Contacts
Elizabeth Maddox
Property Overview
The 2-4 Unit Specialists are pleased to present 1734 Carmona Ave, a massive, brand-new construction fourplex in prime Mid-City that is NON RENT-CONTROLLED! This highly elevated, luxury property is situated on a peaceful, tree-lined residential street, boasting the nicest curb appeal in Mid-City. With an unbeatable unit mix and designer finishes, we project an outstanding 5.60% cap rate.
In addition to the high return, it's important to note that the property falls within an opportunity zone—a major tax benefit to buyers (consult with your CPA). The property features separate meters for all utilities, minimal expenses, no rent control, and a 1-year builder’s warranty.
1734 Carmona Ave consists of two large 5-bedroom tri-level townhome-style units, one 4-bedroom ADU, and one 6-bedroom single family residence that has potential to be split into two units! The excellent location, combined with the upscale modern units and luxury finishes, will make for quick, easy rentals. These premium townhomes feature unbeatable floorplans with large, tenant-friendly kitchens and living rooms. Noteworthy features include, but are not limited to: designer tiles, stainless steel kitchen appliances, numerous balconies, modern cabinets, high ceilings, huge closets, balconies off the living spaces and bedrooms, abundant windows allowing for maximum natural light, waterproof natural wood vinyl flooring, and more.
Buyers will also enjoy additional perks, including ample parking, tastefully designed drought-tolerant landscaping, a 1-year builder’s warranty, brand-new everything, minimal maintenance, separate meters for gas, water, and electricity, and extreme desirability among renters for years to come. This one-of-a-kind opportunity won’t last long!
In addition to the high return, it's important to note that the property falls within an opportunity zone—a major tax benefit to buyers (consult with your CPA). The property features separate meters for all utilities, minimal expenses, no rent control, and a 1-year builder’s warranty.
1734 Carmona Ave consists of two large 5-bedroom tri-level townhome-style units, one 4-bedroom ADU, and one 6-bedroom single family residence that has potential to be split into two units! The excellent location, combined with the upscale modern units and luxury finishes, will make for quick, easy rentals. These premium townhomes feature unbeatable floorplans with large, tenant-friendly kitchens and living rooms. Noteworthy features include, but are not limited to: designer tiles, stainless steel kitchen appliances, numerous balconies, modern cabinets, high ceilings, huge closets, balconies off the living spaces and bedrooms, abundant windows allowing for maximum natural light, waterproof natural wood vinyl flooring, and more.
Buyers will also enjoy additional perks, including ample parking, tastefully designed drought-tolerant landscaping, a 1-year builder’s warranty, brand-new everything, minimal maintenance, separate meters for gas, water, and electricity, and extreme desirability among renters for years to come. This one-of-a-kind opportunity won’t last long!
Property Details
- Year Built
- 2024
- Stories
- 3
- Lot Size (sq. ft)
- 5,227 SF
- Units
- 4
Highlights
- NO RENT CONTROL!
- Located 5 minutes from the ultra trendy and highly sought after Culver City Arts District- a major draw for A+ tenants!
- Opportunity zone- major tax benefits (consult with your CPA).
- Outstanding projected cap rate of 5.60%! Cash cow.
- The best curb appeal you'll find on a new construction fourplex!
- Diverse unit mix of two 5 bedrooms, one 4 bedroom, and one 6 bedroom! High income producing property!
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