2332 Carmona Avenue, Los Angeles, CA 90016
Fourplex · 2 recorded sales since 2021
Sold January 2023
Listing Agent: Elizabeth Maddox (DRE #01921425) · Listing Office: The 2-4 Unit Specialists · Contact: 818-850-8485 · Bought with: Elizabeth Maddox · The 2-4 Unit Specialists · MLS #BB23003183 · Source: CRMLS
About this fourplex
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 Art’s 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 we’ve 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 builder’s warranty, brand new EVERYTHING, little to no maintenance, separate meters for gas, water & electric, and extreme desirability amongst renters for years to come. Located minutes from Culver City and the countless hotspots in the area, including the trendy Helms Bakery District, the Culver City Steps (Amazon Studios headquarters), Ivy Station (HBO headquarters), and the Cumulus District (Whole Foods).
Listing description from the January 2023 sale, as reported to CRMLS.
Sale history
