3638 Carmona Avenue

Los Angeles, CA 90016

$2,025,000

List Price

16

bed Beds

8

shower Baths

9,450 sqft

straighten / sqft

1951

calendar_month Built

Property Description

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.

Listing Information

List Price $2,025,000
Status Active
MLS 24456499
Type Residential Income
Year Built 1951
Lot Size 9,464
Structure Size 9,450
DOM 8
Courtesy Of Kidder Mathews of California, Inc.
Listing Agent Scott Rosenberg DRE#01456686

Interior Features

Total Bedroom
Bedrooms 16
Total Bathroom
Bathrooms 8
Additional Information
Additional Features Ceiling Fan(s)

Exterior Information

Maps

Listing information courtesy of: Scott Rosenberg, Kidder Mathews of California, Inc. 310-889-8738. *Based on information from the Association of REALTORS/Multiple Listing as of Nov 1st, 2024 at 3:12 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.