1734 Carmona Ave, Mid-City
2024 Opp. Zone Fourplex
This massive, NON RENT-CONTROLLED, brand-new construction fourplex is located in prime Mid-City! Nestled on a peaceful, tree-lined residential street, this property offers unparalleled curb appeal. With a highly desirable unit mix & designer finishes throughout, we project an outstanding 5.42% cap rate. This a top-tier investment opportunity with the tax benefits of an OPPORTUNITY ZONE (consult your CPA). A rare find with long-term growth potential!
The Important
Details
List Price:
Property Type:
Status:
# Units:
Year Built:
Cap Rate:
GRM:
Gross Rent:
Bldg. SF:
Lot SF:
$/SF:
$/Unit:
Unit Mix:
Opportunity Zone:
Parking:
Rent Control:
$3,495,000
Fourplex
Pre-Market
4
2024
5.42%
14.04
$255,600/Year (Pro Forma)
6,563 sqft
5,081 sqft
$532.53
$873,750
1 x 6b/5b, 1 x 5b/5b, 1 x 5b/3b, 4b/3b
Yes
1 Garage Spot, 5 Exterior Spaces, 1 Bonus
No
Other Features:
No Rent Control, Diverse Unit Mix
The Highlights
NO RENT CONTROL!
Located 5 minutes from the ultra trendy and highly sought after Culver City Arts District- a major draw for A+ tenants!
Opportunity zone- major tax benefits (consult with your CPA).
Outstanding projected cap rate of 5.42%! Cash cow.
MASSIVE units with premium floorplans.
The best curb appeal you'll find on a new construction fourplex!
Boasts high-end, modern finishes.
Diverse unit mix of two 5 bedrooms, one 4 bedroom, and one 6 bedroom! High income producing property!
Tons of balconies with awe-inspiring views of Los Angeles.
All units separately metered for gas, electric AND water! Very low expenses!
Dream 1031 exchange opportunity. Ready to close!
With SB-8 in effect, less new constructions are being built, making properties like these an even more rare and hot commodity.
Moments WALKING to countless exciting mixed-use developments such as Ivy Station (HBO headquarters), the Cumulus Development (Whole Foods), the Culver Steps (Amazon Studios), and Platform!
The Neighborhood
<15-Minute Walk
Alta, Open Face Food Shop, Tartine West Adams, Mecca Mid-City, Mian, Genesee Avenue Park, Delicious Pizza, The Gathering Spot LA, Martin Avenue Elementary School, Cliffs of Id, Bee Taqueria
<15-Minute Drive
Sprouts, Starbucks, Target, Westside Boxing Club, Johnny's Pastrami, Pips on La Brea, L.A. Grind Coffee And Tea Bar, Pacific French Bakery, Tartine West Adams, Alta, Mizlala, Delicious Pizza, The Underground Museum, Vees Cafe, Infinity Room, Farmhouse Kitchen
<$15 Uber Ride
Sprouts, Starbucks, Target, Westside Boxing Club, Johnny's Pastrami, Pips on La Brea, L.A. Grind Coffee And Tea Bar, Pacific French Bakery, Tartine West Adams, Alta, Mizlala, Delicious Pizza, The Underground Museum, Vees Cafe, Infinity Room, Farmhouse Kitchen
Contact
Lauren Cearley
213.302.8662
Property Presented By:
