2204 Carmona Ave, Mid-City
100% Leased Luxury 5-Unit New Construction
2204 Carmona Ave is a stunning non-RSO 5-unit (fourplex + ADU) just minutes from the Culver City Arts District. This modern masterpiece boasts high-end finishes, open layouts, in-unit laundry, and expansive rooftop decks with breathtaking city views. Achieving premium rents, this low-maintenance, high-performing asset is separately metered and offers 11 parking spaces—an exceptional investment in LA’s thriving creative corridor.
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:
$3,950,000
Fourplex + ADU
For Sale
5
2024
5.19%
14.51
$272,960/Year
7,899 sqft
6,080 sqft
$500.06
$790,000
1 x 4b/4b, 3 x 3b/3b, 1 x 1b/1b ADU
Yes
11 Parking Spaces (4 Covered Tandem + 7 Carports)
No
Other Features:
No Rent Control, Opportunity Zone, Rooftop Decks, In-Unit Washer/Dryers
The Highlights
Massive units spanning 7,899 square feet with premium floorplans, highly elevated finishes, custom built-ins, and ample parking (11 spots!).
A 5-minute drive to the Culver City Arts District (Helms Bakery Complex and Platform) and moments from exciting mixed-use developments like Ivy Station (HBO Headquarters), Cumulus (Whole Foods) and the Culver Steps (Amazon Studios).
The largest rooftop decks we've seen on a project to date! With awe-inspiring views of Los Angeles and massive bonus square footage added, tenants flock to these units at premium rents.
100% stabilized. Step into income on DAY ONE!
Current cap rate of 5.19% on a pride-of-ownership building that will retain value thanks to it's high-end nature.
Architecturally impressive exterior with a multi-dimensional design that enhances curb appeal and tenant desirability.
All units separately metered for gas, electricity, and water, ensuring very low operating expenses for owners.
11 on-site parking spaces for tenant convenience, a highly desirable feature in this area.
Turnkey 1031 exchange opportunity, ready to close and offering long-term value in a low-maintenance, high-performing property.
With SB-8 limiting new construction, properties of this caliber are increasingly rare and highly sought after by savvy investors.
The Neighborhood
<15-Minute Walk
Farmhouse Kitchen, Mizlala, Alta, Tartine West Adams, Open Face Food Shop, Mecca Mid-City, Mian, Vicky's All Day, Genesee Avenue Park, Delicious Pizza, Marvin Avenue Elementary School, Cliffs of Id, Art & Space Venue, Genesee Avenue Park
<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
Highly Likely, Alta Adams, Midtown Shopping Center, The Grove, Johnny’s West Adams, Vees Café, Father’s Office, Pasta Sisters, Blue Bottle Coffee, Mandrake, Honey Kettle, Bondi Harvest, Platform, Ivy Station, Cumulus, the Culver City Steps
Contact
Lauren Cearley
213.302.8662
Property Presented By:
