2530 Carmona Avenue

Los Angeles, CA 90016

$1,500,000
Last Sold Price
12
Beds
8
Baths
4,592 Sq. Ft.
$327 / Sq. Ft.
4,592
Sq. Ft.
$327
per Sq. Ft.

Description

Shaky escrow and looking for backups! Finally, a dream opportunity for savvy investors, owner-users, 1031 exchangers and builders in search of that ultra rare 4-plex with 3 units delivered vacant at closing offering a plethora of options to rent as-is, occupy and collect on the others, make additional value-add improvements to achieve higher rents or convert to condos/TIC/add an ADU (check w/ city). All units are spacious 3+2's and 3 have cosmetic upgrades like quartz kitchens with newer cabinetry,...Shaky escrow and looking for backups! Finally, a dream opportunity for savvy investors, owner-users, 1031 exchangers and builders in search of that ultra rare 4-plex with 3 units delivered vacant at closing offering a plethora of options to rent as-is, occupy and collect on the others, make additional value-add improvements to achieve higher rents or convert to condos/TIC/add an ADU (check w/ city). All units are spacious 3+2's and 3 have cosmetic upgrades like quartz kitchens with newer cabinetry, remodeled baths, dual pane vinyl windows and laminate floors. An exterior community laundry closet could house pay-per-use machines for additional income, while 5 outdoor parking spaces and NO soft-story retrofitting are added conveniences. Superbly situated on a quaint cul-de-sac in a rapidly emerging West Adams neighborhood among newly built commercial and residential spaces including the infamous Cumulus campus anchored by Whole Foods market. Culver City, Beverly Hills, Silicon Beach, Downtown LA, and the Expo light rail line are only moments away. Rent for vacant units is projected and expenses are minimal since units are individually metered for gas + electric and even better, no garden means no gardener! Sewer/trash and water covered by landlord. Excellently positioned so that the numbers make sense with plenty of room to grow.

Property Details for 2530 Carmona Avenue

Water Front
None
Zoning
LARD1.5
Style
Mid-Century
Parcel Number
5048001043
Total Units
4.0
Living Area
4592
Source Living Area
Assessor
Area
Mid Los Angeles (C16)

Location

Listing Courtesy of Compass, Eric Akutagawa, DRE #01432257

Sold By Blue Flamingo Realty, Nesim Hason, DRE #02015431

Add your commute
LISTING UPDATED: 07/21/2021 05:52 PM

Property Details for 2530 Carmona Avenue

StatusSold
MLS #21-709594
Days on Market19
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1959
Lot Size0.13 AC / 5,672 SF
CountyLos Angeles County

Location

Listing Courtesy of Compass, Eric Akutagawa, DRE #01432257

Sold By Blue Flamingo Realty, Nesim Hason, DRE #02015431

Add your commute

Building Information for 2530 Carmona Avenue

Stories2Residences-Year Built1959Building Size-Lot Size0.13 AC / 5,672 SF

Payment Calculator

$9,769 per month

30 year fixed, 7.25% Interest

Principal and Interest

$8,186

Property Taxes

$1,583

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 2530 Carmona Avenue

Community / Development
Community / Development
  • Tax Mello Roos: Unknown
  • Number Of Units: 4
  • Community Features: Community Mailbox
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Assessor
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: Walk-up
  • View: No
  • View Description: None
  • View: None
  • Security Features: Carbon Monoxide Detector(s)
  • Direction Faces: West
  • Property Condition: Updated/Remodeled
  • Water: Public
  • Sewer: In Street
  • Water Heaters: Yes
  • ADA Compliance: No
  • Additions Alterations: No
  • Water Heater Features: Gas
Contract Info
Contract Info
  • Probate: No
  • Financing: Cash, Cash To New Loan
  • Disclosures: As Is, Rent Control, Property Report, Listing Broker Advantage
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $115,824
  • Net Operating Income: $85,486.00
  • Gross Income: $121,920
  • Cap Rate: 5.60%
  • Gross Rent Multiplier: $12.50
  • Owner Pays: Water, Other
  • Total Annual Expense: 21879
  • Water Expense: $150.00
  • Gas Expense: $90
  • Electric Expense: $150.00
  • Trash Expense: $300.00
  • Tax Expense: $19,850
  • Expense Licenses: $155.00
  • Insurance Expense: $184
Land / Lot Info
Land / Lot Info
  • Additional Parcel Number: No
  • Alley: No
  • Lot Acreage: 0.1302
  • Lot Size Square Feet: 5672
  • Lot Size Dimensions: 42x135
  • Source Lot Size Dimensions: Assessor
  • Lot Features: Rectangular Lot
  • Lot Description: Lot Shape-Rectangular
Parking Details
Parking Details
  • Parking Garage: Side By Side, Uncovered, Driveway
  • Total Parking: 5
  • Open Other Spaces Total: 5
  • Parking Features: Side by Side, Uncovered, Driveway
Interior Features
Interior Features
  • Room Type: Living Room
  • Rooms: Living Room
  • Levels: Two
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Den: No
  • Family Room: 0
  • Dining Room: 0
  • Cooling: None
  • Cooling Type: None
  • Heating: Space Heater
  • Heating Type: Wall Electric, Space Heater
  • Flooring: Laminate, Tile
  • Equipment: Refrigerator, Range/Oven, Garbage Disposal, Freezer
  • Room Kitchen Features: Stone Counters, Remodeled Kitchen
  • Kitchen Features: Stone Counters, Remodeled
  • Room Bathroom Features: Remodeled, Low Flow Toilet(s)
  • Bathroom Features: Remodeled, Low Flow Toilet(s)
  • Common Walls: Attached
  • Cooking Appliances: Free Standing Gas, Range, Range Hood
  • Laundry: Laundry Closet Stacked, In Closet, Community
Exterior Features
Exterior Features
  • Pool: No
  • Private Pool: No
  • Pool Description: None
  • Pool Features: None
  • Spa: No
  • Spa: None
  • Tennis: No
  • Tennis Court: None
  • Roof: Composition, Shingle
  • Sprinklers: None
  • Patio Features: None
  • Windows: Double Pane Windows
  • New Construction: No
  • Construction Materials: Frame, Stucco
  • Exterior Construction: Frame, Stucco
  • Foundation Details: Slab
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 03-27-2021
  • Listing Terms: Cash, Cash To New Loan
  • Rent Control: Yes
  • Rent Control: 100
  • Tenant Pays: Electricity, Gas
Unit Details
Unit 1 Information
  • Unit Beds: 3
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $1,910.00
  • Unit Actual Rent: $1,910.00
  • Unit Projected Rent: $2,000.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 3
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $2,750.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 3
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $2,750.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 3
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $2,750.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109
  • Number of Carpet: 0
  • Number of Dishwasher: 0
  • Number of Disposal: 4
  • Number of Drapes: 4
  • Number of Electric Meters: 4
  • Number of Gas Meters: 4
  • Number Leased: 1
  • Number Patio: 0
  • Number Range: 4
  • Number Refrigerator: 4
  • Number Rented Garages: 0
  • Number Wall AC: 0
  • Number Water Meters: 0
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $292,256.00
  • Assessed Improvement Percent: 30.0
  • Assessed Land Value: $681,932.00
  • Assessed Land Percent: 70
  • Assessed Total Value: $974,188.00

Property History for 2530 Carmona Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 2530 Carmona Avenue

Taxable ValueLand$1,377,000Additions$153,000Total$1,530,000
Tax Record2023$18,992 ($1,583 / month)
Home Facts
Total Finished SqFt4,592 SqFtAbove Grade Finished SqFt4,592 SqFtLot Size5,672 SqFtStyleQuadraplexZoningLARD1.5CountyLOS ANGELESAPN5048-001-043

Schools near 2530 Carmona Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Charter - 6 to 8
Rating
School
Distance
Marvin Elementary School
PublicK to 5

Daniel Webster Middle School
Public6 to 8

Alexander Hamilton Senior High School
Public9 to 12

New Los Angeles Charter School
Charter6 to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Compass, Eric Akutagawa, DRE #01432257

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.