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3638 Carmona Avenue

Los Angeles, CA 90016

– beds
– baths
– sqft
9,464 sqft lot
1951 build
– on site

The property is located in a charming pocket of Baldwin Hills, just East of the Cumulus Development on La Cienega and Jefferson. With trendy eateries, bars, shops, and iconic landmarks just minutes away, the property benefits from a positive trend in rental demand due to a shift from a workforce population to a tech and entertainment centered tenancy. It is comprised of 8 total units, with a desirable mix of 2+1 units averaging approximately 1,181 SF. The property is also equipped with 8 garages that open to a large alley and an attached laundry room, as well as tidy landscaping and classing 1950's features throughout. The average current rents for the units are significantly below market rates, presenting an approximate 50% in NOI upside. With premium upgrades, an investor may be able to create a new market rate beyond the published market target. The 8 garages are an excellent potential candidate for ADU conversions. With its prime location in this special pocket of Baldwin Hills along with the distinctive features, overall condition, and considerable upside potential, this property is a standout choice.

Listed By CRMLS_CA / Scott Rosenberg / Kidder Mathews of California, Inc.

Last checked: Checking… • Last updated Nov 1, 2024 •

MLS# 24456499 —

The Building

Year Built:

1951
New Construction:

No
Building Area Total:

9450.00
# of Buildings:

1
Total Number Of Units:

8
Stories Total:

2

Interior

Features:

Ceiling Fan(s)
Levels:

Two
Laundry:

Washer Included, Dryer Included
Laundry:

1

Location

Directions:

https://www.google.com/maps/place/3638+Carmona+Ave,+Los+Angeles,+CA+90016/@34.0204049,-118.3680355,18z/data=!3m1!4b1!4m6!3m5!1s0x80c2b9be5fa04e21:0xebc465d921c7c322!8m2!3d34.0204049!4d-118.366748!16s%2Fg%2F11c27hbb1l?entry=ttu&g_ep=EgoyMDI0MTAyMS4xIKXMDSoASAFQAw%3D%3D
Latitude:

34.02040500
Longitude:

-118.36674800

The Property

Property Type:

Residential Income
Zoning:

LARD2
Lot Size Area:

9464.0000
Lot Size Acres:

0.2173
Lot Size SqFt:

9464.00

Listing Agent

Contact info:

The Listing

Special Listing Conditions:

Standard
Parcel Number:

5025006006

Heating & Cooling

Heating:

None

Appliances

Appliances:

Dishwasher, Microwave, Refrigerator
Included:

Yes

The Community

Senior Community:

No
Association:

No
Assessments:

No

Parking

Parking:

Yes
Parking:

Garage
Parking Spaces:

8.00

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
10/25/24 Oct 25, 2024	Listed / Active	CRMLS_CA	$2,025,000

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This multifamily located in South LA, Los Angeles, CA 90016 is currently for sale for $2,025,000. 3638 Carmona Avenue is a – square foot multifamily with – beds and – baths that has been on Estately for 25 days. 3638 Carmona Avenue is in the South LA neighborhood of Los Angeles and has a WalkScore® of 52, making it somewhat walkable. This multifamily is in the attendance area of Susan Miller Dorsey Senior High School, Baldwin Hills Magnet Elementary School, and Audubon Middle School.

Listing Courtesy of: CRMLS_CA and Kidder Mathews of California, Inc.. Based on information from California Regional Multiple Listing Service, Inc. as of 23:19 on Nov 19.

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.