2333 Carmona Avenue

    Los Angeles (City), CA 90016
    • $1,139,000
    • STATUS: Closed
    • ON SITE: 180 days
    • ID#: SR17191688
    Sold - 05/18/2018
    $1,139,000
    SOLD - 05/18/2018
    • 0
      BEDS
    • 0.14
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,882
      SQFT
    • $0
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1927
    County:

    School Ratings & Info

    Description

    Just REDUCED!! True Pride of Ownership and charming 5-unit Multifamily asset in the Mid-Los Angeles area. The Property consists of a Great Unit Mix in a predominantly Strong Rental Market and is comprised of one (1) 3-Bed+1-Bath, one (1) 2-Bed+1-Bath, and three (3) 1-Bed+1-Bath units. Individually Metered for gas and electric with 5-onsite Parking Spaces and Ample Street Parking. Recent Capital Improvements to include Newer Roof, Newer Windows, Newer Deck, Newer Paint and still allowing upside with Rents 20%+ Below Market. The Property also boasts from having three (3) units with updated Kitchens. Ideal as an Owner-User investment or perfect for any first-time and/or experienced Multifamily Investor. Centrally located to the 10, 405, 110 and 101 Freeways and just minutes from Downtown LA Live, Santa Monica, Culver City, Miracle Mile, Hollywood, West Hollywood, and Beverly Hills. The property sits within walking distance to restaurants, shops, and numerous outlets.

    Sold by Michael Elattrache of Synergy Investment Group.

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-08-16T14:33:35.557. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
    www.teamforss.com/homes/80831847

    2333 Carmona Avenue Los Angeles (City), CA 90016

    • Price: $1,249,000
    • Status: Closed
    • Updated: 50 min ago
    • ID#: SR17191688
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.14
    Acres
    3,882
    SQFT
    $0
    $/SQFT
    1927
    Built
    Neighborhood:
    C16 - Mid Los Angeles
    County:
    Los Angeles
    Area:
    C16 - Mid Los Angeles
    Property Description
    Just REDUCED!! True Pride of Ownership and charming 5-unit Multifamily asset in the Mid-Los Angeles area. The Property consists of a Great Unit Mix in a predominantly Strong Rental Market and is comprised of one (1) 3-Bed+1-Bath, one (1) 2-Bed+1-Bath, and three (3) 1-Bed+1-Bath units. Individually Metered for gas and electric with 5-onsite Parking Spaces and Ample Street Parking. Recent Capital Improvements to include Newer Roof, Newer Windows, Newer Deck, Newer Paint and still allowing upside with Rents 20%+ Below Market. The Property also boasts from having three (3) units with updated Kitchens. Ideal as an Owner-User investment or perfect for any first-time and/or experienced Multifamily Investor. Centrally located to the 10, 405, 110 and 101 Freeways and just minutes from Downtown LA Live, Santa Monica, Culver City, Miracle Mile, Hollywood, West Hollywood, and Beverly Hills. The property sits within walking distance to restaurants, shops, and numerous outlets.
    Exterior Features

    Garage Spaces 0.00 Lot Features 0-1 Unit/Acre Lot Size Source Assessor Lot Size Units Square Feet Parking Total 5.00 Pool Features None Pool Private YN No Property Attached YN Yes

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls 2+ Common Walls Laundry Features None

    Property Features

    Additional Parcels YN No Association Fee 0.00 Association YN No Building Area Units Square Feet Cap Rate 3.80 Community Features Sidewalks Country Us Electric Expense 714.00 Elevation Units Feet Fuel Expense 1020.00 Gardener Expense 600.00 Gross Income 82980.00 Gross Multiplier 15.05 Gross Operating Income 80491.00 Gross Scheduled Income 82980.00 Insurance Expense 1735.00 Land Lease YN No Laundry Income 0.00 Laundry YN No Licenses Expense 250.00 Maintenance Expense 3911.00 Net Operating Income 47451.00 New Taxes Expense 14886.00 Number Of Separate Electric Meters 5 Number Of Separate Gas Meters 5 Number Of Separate Water Meters 1 Number Of Units Leased 5 Operating Expense 33040.00 Other Expense 750.00 Other Expense Description Turnover Pest Control Expense 250.00 Professional Management Expense 4097.00 Rent Control YN Yes Senior Community YN No Special Listing Conditions Standard Total Expenses 33040.00 Trash Expense 2152.00 Vacancy Allowance Rate 3.00 Water Sewer Expense 2675.00 Water Source Public Year Built Source Seller Zoning Lard1.5

    Listing provided courtesy of Michael Elattrache of Synergy Investment Group.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-08-16T14:33:35.557. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
     
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