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Brand New Construction Luxury Fourplex 1923 Carmona Ave

4 Unit Apartment Building $3,399,999 ($850,000/Unit) 5.47% Cap Rate Los Angeles, CA 90016

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Investment Highlights

One of the best streets in Mid City, close to Culver City, Beverly Hills, Downtown, shopping centers, coffee shops and trendy restaurants!
Exceptional 5.70% Cap Rate in an Opportunity zone and 100% Fully Leased with great rents!

Brand New Construction 2023 with high end designer finishes, full of natural light, open floor plan with spacious kitchens!
No Rent Control!

Executive Summary

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.

1921 carmona

Property Facts

Price	$3,399,999	Apartment Style	Townhome
Price Per Unit	$850,000	Building Class	A
Sale Type	Investment	Lot Size	0.15 AC
Cap Rate	5.47%	Building Size	6,168 SF
Gross Rent Multiplier	14.26	Average Occupancy	100%
No. Units	4	No. Stories	3
Property Type	Multifamily	Year Built	2023
Property Subtype	Apartment	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Price	$3,399,999
Price Per Unit	$850,000
Sale Type	Investment
Cap Rate	5.47%
Gross Rent Multiplier	14.26
No. Units	4
Property Type	Multifamily
Property Subtype	Apartment
Apartment Style	Townhome
Building Class	A
Lot Size	0.15 AC
Building Size	6,168 SF
Average Occupancy	100%
No. Stories	3
Year Built	2023
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.