1921 Carmona Ave

Property Description

Welcome to 1921 Carmona! This is a brand new construction cheerful modern fourplex in Mid-City that is 75% LEASED! The Mid City area is one the hottest markets in Los Angeles as it is very close and accessible to Miracle Mile, Beverly Hills, Downtown and just a few minutes from Downtown Culver City, the Culver City Arts District, Culver City steps, Ivy Station, Helms Bakery District and tons of trendy restaurants! This fourplex has designer finishes and amazing open floor-plans that are perfect for entertaining. The kitchens feature center islands with waterfalls on the edge that greet you as you walk in and the units have a ton of natural light and windows. Currently 75% Leased, two of the 3 bedroom units are currently rented at $4,799 and $4,700 and the four bedroom is leased at $4,900. We have several lease applications out and can have the building fully stabilized, 100% LEASED or deliver the last unit vacant. 1921 Carmona is a NON RENT-CONTROLLED building, located in an opportunity zone area which has huge tax benefits (buyer to verify). The neighborhood has rapidly gentrified with gorgeous brand new mixed-use developments nearby and full of shopping centers, restaurants and bars. Some restaurants + bars in town include Father's Office, Pasta Sisters, Blue Bottle Coffee, Mandrake, CAVA, Bondi Harvest, The Culver Hotel. The brand new Cumulus District and the Whole Foods are just minutes away. The fourplex includes 8 Parking Spaces, Brand New Samsung Washer/Dryer, and Stainless Steel Kitchen Appliances. Great for entertaining family, roommates, couples or friends. Balconies overlooking city views. The front area has an extra space for additional parking or space for a bbq/patio area. All units include Central Air Conditioning + Heating, and a motorized Gate. The property has separate meters for all utilities making the monthly cash flow higher, with an exceptional estimated cap rate of 5.57% and very little expenses.