2421 Carmona Avenue, Los Angeles, CA 90016
Fourplex
Sold August 2023
Listing Agent: Elizabeth Maddox (DRE #01921425) · Listing Office: The 2-4 Unit Specialists · Contact: 818-859-7242 · Bought with: Alfredo Villagran · Rodeo Realty · MLS #BB23120498 · Source: CRMLS
About this fourplex
2421 Carmona Ave is A FULLY STABILIZED new construction fourplex in prime Mid-City, walking distance to the Culver City Art District! These units rented out at lightening speed (before utilities were even installed!) and brought in over 10 competing applications. With leases signed at $5,200 (4 bed), $5,200 (4 bed), $4,500 (3 bed), and $4,500 (3 bed), that results in a whopping $19,400 a rent in month and a real cap rate of 5.54%! This is a dream opportunity for 1031 exchange buyers and investors to step into massive cash flow on DAY ONE. 2421 Carmona is a NON RENT-CONTROLLED fourplex made up of two large 4 bedroom (1x 4b/4b, 1x4b/3.5b) tri-level townhomes and two beautifully designed 3 bedroom/3.5 bathroom tri-level townhomes! These premium townhomes feature unbeatable floorplans with extremely large, tenant friendly kitchens and living rooms. You will find noteworthy features including, but not limited to: designer tiles, modern glossy cabinets, waterfall islands, a large rear yard, solar panels, high ceilings, huge walk in closets, balconies off the living space, large windows everywhere you look allowing for maximum light, natural wood water proof vinyl, and more! In addition to the high return, buyers will enjoy other perks including: opportunity zone, NO RENT CONTROL, 8 parking spaces (3 garage, 5 exterior), 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. 2419 Carmona is located minutes from Culver City and the countless hotspots in the area, including the trendy Helms Bakery District, the Culver City Steps, Amazon Studios, Ivy Statio, and the Cumulus District (Whole Foods).
Listing description from the August 2023 sale, as reported to CRMLS.
Sale history