1923 Carmona Ave - Apartments FOR SALE


Los Angeles, CA 90016- Miracle Mile
$3,399,999 USD
310-575-2690
1923 Carmona Ave, Los Angeles, CA for Sale
$3,399,999 USD
Apartments - FOR SALE
1/71
null | 5.47% Cap Rate

1923 Carmona Ave
Los Angeles, CA 90016
Miracle Mile


HIGHLIGHTS

  • One of the best streets in Mid City, close to Culver City, Beverly Hills, Downtown, shopping centers, coffee shops and trendy restaurants!
  • Brand New Construction 2023 with high end designer finishes, full of natural light, open floor plan with spacious kitchens!
  • Exceptional 5.70% Cap Rate in an Opportunity zone and 100% Fully Leased with great rents!
  • No Rent Control!

OVERVIEW

Welcome to 1921 Carmona! This is a brand new construction cheerful modern fourplex in Mid-City that is 100% FULLY LEASED! The Mid City area is one the hottest markets in Los Angeles as it is very close and accessible to Miracle Mile, Beverly Hills, Downtown and just a few minutes from Downtown Culver City, the Culver City Arts District, Culver City steps, Ivy Station, Helms Bakery District and tons of trendy restaurants! This fourplex has designer finishes and amazing open floorplans that are perfect for entertaining. The kitchens feature center islands with waterfalls on the edge that greet you as you walk in and the units have a ton of natural light and windows. 1921 Carmona is a NON RENT-CONTROLLED building, located in an opportunity zone area which has huge tax benefits (buyer to verify). The neighborhood has rapidly gentrified with gorgeous brand new mixed-use developments nearby and full of shopping centers, restaurants and bars. Some restaurants + bars in town include Father's Office, Pasta Sisters, Blue Bottle Coffee, Mandrake, CAVA, Bondi Harvest, The Culver Hotel. The brand new Cumulus District and the Whole Foods are just minutes away. The fourplex includes 8 Parking Spaces, Brand New Samsung Washer/Dryer, and Stainless Steel Kitchen Appliances. Great for entertaining family, roommates, couples or friends. Balconies overlooking city views. The front area has an extra space for additional parking or space for bbq/patio area. All units include Central Air Conditioning + Heating, and a motorized Gate. The property has separate meters for all utilities making the monthly cash flow higher, with an exceptional estimated cap rate of 5.47% and very little expenses.

FOR SALE DETAILS

PRICE

$3,399,999 USD

PRICE/SF

$551 USD /SF

# OF UNITS

4

PRICE/UNIT

$850,000

CAP RATE

5.47%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Brand New Construction Luxury Fourplex

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2023

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,534 SF

ZONING

LARD1.5

APN/PARCEL ID

5064-013-001

ASK ABOUT THIS PROPERTY

Daniel LalezariLuxe CapitalMore Info
310-575-2690

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Daniel LalezariLuxe CapitalMore Info
310-575-2690

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.