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2315 Carmona Ave

5 Unit Apartment Building $1,550,000 ($310,000/Unit) 4.88% Cap Rate Los Angeles, CA 90016

Investment Highlights

  • Close to Culver City
  • Updated units, bonus patio, additional parking, new roof
  • Close to restaurants, freeway access, transportation, and Beach

Executive Summary

NEW OPPORTUNITY as it now has the possibility of being delivered partially vacant! Call for details and for information on the numerous upgrades that have been done to the property as well.
This is truly an impeccably designed 4-5 unit apartment complex, offering Premier, multi-tenant living and unmatched convenience to the best of Los Angeles! 2 units located on each floor maximizes the space and ensures optimal privacy. Two of the units feature 3 bedroom and 2 baths each, accommodating excellent living possibilities for families or groups. The remaining units offered 2 bedrooms 2 baths. Centrally located right off the 10 freeway this complex offers easy access to Culver City, trending restaurants, shops, transportation, and close to beach communities making it highly attractive to a wide pool of tenants. The strategic location and well designed units makes this property poised to deliver strong and consistent returns on the investments. Don’t miss out on this rare asset and the thriving community.

Property Facts

Price $1,550,000
Price Per Unit $310,000
Sale Type Investment
Cap Rate 4.88%
Sale Conditions 1031 Exchange
No. Units 5
Property Type Multifamily
Property Subtype
Apartment
  • Multifamily Dormitory
Apartment Style Low Rise
Building Class C
Lot Size 0.14 AC
Building Size 4,789 SF
No. Stories 2
Year Built 1964
Opportunity Zone Yes

Site Amenities

  • Laundry Facilities

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
3+2 5 - -
Walk Score®
Very Walkable (77)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
5063-012-061
Land Assessment
$747,550
Improvements Assessment
$498,366
Total Assessment
$1,245,916

zoning

Zoning Code LARD1.5 (Restricted Density Multiple Dwelling One-Family Dwellings, Two-Family Dwellings, Apartment Houses, Multiple Dwellings, Home Occupations)
LARD1.5 (Restricted Density Multiple Dwelling One-Family Dwellings, Two-Family Dwellings, Apartment Houses, Multiple Dwellings, Home Occupations)
  • Listing ID: 31601185

  • Date on Market: 4/24/2024

  • Last Updated:

  • Address: 2315 Carmona Ave, Los Angeles, CA 90016

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