2204 Carmona Ave - Apartments FOR SALE


Los Angeles, CA 90016- Miracle Mile
$3,950,000 USD
818-859-7242
2204 Carmona Ave, Los Angeles, CA for Sale
$3,950,000 USD
Apartments - FOR SALE
1/33
null | 5.19% Cap Rate

2204 Carmona Ave
Los Angeles, CA 90016
Miracle Mile


HIGHLIGHTS

  • Massive units spanning 7,899 square feet with premium floorplans, highly elevated finishes, custom built-ins, and ample parking (11 spots!).
  • A 5-minute drive to the Culver City Arts District (Helms Bakery Complex and Platform)& moments from exciting mixed-use developments like Ivy Station!
  • The largest rooftop decks we've seen on a project to date! With awe-inspiring views of Los Angeles and massive bonus square footage added!
  • 100% stabilized. Step into income on DAY ONE! Current cap rate of 5.19% on a pride-of-ownership building that will retain value thanks to it's high-en
  • All units separately metered for gas, electricity, and water, ensuring very low operating expenses for owners.
  • Turnkey 1031 exchange opportunity, ready to close and offering long-term value in a low-maintenance, high-performing property.

OVERVIEW

The 5+ Unit Specialists are thrilled to present 2204 Carmona Ave, a one-of-a-kind, architectural non-RSO 5-unit (fourplex + ADU) just a five-minute drive from the coveted Culver City Arts District. This isn’t just new construction; it’s a statement of modern design and precision craftsmanship that redefines the luxury rental market. With bespoke finishes, meticulous attention to detail, and standout features like expansive rooftop decks with sweeping city views, this property offers a lifestyle experience far beyond the ordinary. Thanks to these superior features, the property achieved rents of $5,495, $5,295 (x2), $4,995, and $1,600. The property consists of one spacious 4 bed/4 bath unit, three 3 bed/3 bath units, and a 1 bed/1 bath ADU. Each unit has been carefully designed with open layouts that maximize natural light, high-end finishes, closets with custom built-ins, and in-unit washer/dryers. Landscaped outdoor spaces and rooftop decks add another layer of appeal, creating inviting areas to relax or entertain with panoramic city views. Located in the heart of Los Angeles’ creative corridor, just minutes from the trendy Culver City Arts District, tenants enjoy access to some of LA’s most popular destinations, including Pasta Sisters, Platform, and the Helms Bakery complex. Built with cutting-edge materials and all-new systems, 2204 Carmona Ave is a low-maintenance, high-performing property designed to deliver long-term value. This property is separately metered for all utilities, meaning minimal operating costs, and features 11 on-site parking spaces to accommodate tenants with ease. This is more than a property—it’s a testament to bold design, superior craftsmanship, and a lifestyle that commands premium rents.

FOR SALE DETAILS

PRICE

$3,950,000 USD

PRICE/SF

$500 USD /SF

# OF UNITS

5

PRICE/UNIT

$790,000

CAP RATE

5.19%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

High-Performing 2024 Luxury 5-Unit

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2024

PARKING SPACES

11

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,080 SF

ZONING

LARD1.5

APN/PARCEL ID

5063-006-052

ASK ABOUT THIS PROPERTY

Elizabeth MaddoxMyunits.comMore Info
818-859-7242

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

Elizabeth MaddoxMyunits.comMore Info
818-859-7242

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