3650 Carmona Avenue, Los Angeles CA, 90016

Active

3650 Carmona Avenue

Los Angeles CA, 90016

$2,025,000

$214.29 per sqft

Active

16 Beds

8 Baths

9,450 sqft

Residential

Built in 1951

Listed by Scott Rosenberg with Kidder Mathews of California, Inc. 310-889-8738

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.

24456659

MLSⓇ ID

October 24, 2024

Listed

November 22, 2024

Updated

Map

3650 Carmona Avenue
Los Angeles CA, 90016

Interior Features

Total Stories: 2
Bedrooms: 16
Total Bathrooms: 8
Interior Features: Ceiling Fan(s)
Appliances: Dishwasher, Microwave, Refrigerator, Dryer, Washer
Fireplace: No
Cooling: No
Heating: No
Heating Description: None

Exterior/Building Features

Lot Size: 0.22 Acres

Other Property Details

Area Name: PHHT - Park Hills Heights
Days on Market: 8
Garage: Yes
Parking: Garage
Parking Total: 0
View: No
County: Los Angeles
Pool: No
Zoning: LARD2

Listing Contact: 310-807-0880

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 11/22/2024. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

Data last updated on 11/22/2024 at 6:46 PM UTC