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1352 S Carmelina Ave, Los Angeles, CA 90025
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1352 S Carmelina Ave Los Angeles, CA 90025

$10,350,000 Sold Price as of 03/23/2023
  • 50 Beds
  • 50 Baths
  • 32,470 Sq.Ft.
Sold
$10,350,000 Sold Price as of 03/23/2023 Refinance Your Mortgage
Map preview of 1352 S Carmelina Ave, Los Angeles, CA 90025

Property Overview: 1352 S Carmelina Ave Los Angeles, CA has 50 bedrooms, 50 bathrooms, 32,470 living square feet and 21,794 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Rare opportunity to purchase a multi-family asset which would enable a savvy investor to acquire a large-scale multi-family rental footprint in West Los Angeles. 1352 Carmelina Ave. is a large 26 unit multi-family property located in a prime West LA location. Trust sale which does not require court confirmation. Sellers must sale before April. This trophy asset has an excellent unit mix of (15) 2 BR + 2 Bath, (6) 1 BR + 1 Bath, (4) 3 BR + 2 3/4 Baths & (1) 2 BR + 1 3/4 Bath unit. The property was constructed in 1972 and is approximately 32,470 SqFt of building on a 21,794 SqFt lot. There is substantial rental upside, creating a quintessential "value-add" investment opportunity. The property does not require any seismic retrofitting work for its parking structure. This trophy asset in an undeniable attractive location that will surely pay long term dividends. The property directly next door at 1338 S. Carmelina Ave. (8 units), is also for sale and the subject property can be purchased individually or part of a five-property portfolio that also includes, 12415 Texas Ave. (10 units), 12425 Texas Ave., (19 units) & 11600 Rochester Ave. (13 units).

Listed by Errol Spiro | BRE #00893163 | Miller & Desatnik Realty Co.
Co-listed by Jonathan Taksa | BRE #01366169 | Remax Commercial and Investment Realty
Last checked: 9 minutes ago | Last updated: March 23rd, 2023 | Source CRMLS | DOM: 62

Home details

Lot Sq. Ft
21,794
HOA Dues
$0/mo
Year built
1972
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
22223625
City
Los Angeles
County
Los Angeles
Time on Site
507 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 26
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 6
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,890
  • Total Rent: $11,340
  • Pro Forma/Market Rent: $2,395
Unit Breakdown 2
  • # of Units: 16
  • # of Beds: 2
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $2,395
  • Total Rent: $38,315
  • Pro Forma/Market Rent: $2,889
Unit Breakdown 3
  • # of Units: 4
  • # of Beds: 3
  • # of Baths: 3
  • Furnishing: Unfurnished
  • Actual Rent: $3,039
  • Total Rent: $12,156
  • Pro Forma/Market Rent: $3,395
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.14%
  • Gross Rent Multiplier: 14.76
  • Gross Scheduled Income: --
  • Net Operating Income: $453,287
  • Gross Operating Income: $722,205
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 1352 S Carmelina Ave

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • No Heating
  • None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 26
  • No
  • Parking Features: None
Property Information
  • Total # of Units: 26
  • Parcel Number: 4267033026
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Location / Neighborhood
Location Information
  • Directions: North of Santa Monica Blvd and West of Bundy Drive.
View more facts & features

Local Los Angeles Agent

Sale History for 1352 S Carmelina Ave

Last sold for $10,350,000 on March 23rd, 2023

  • March, 2023

  • Mar 23, 2023

    Date

    Sold

    CRMLS: 22223625

    $10,350,000

    Price

  • Dec 6, 2022

    Date

    Active

    CRMLS: 22223625

    $14,900,000

    Price

Tax History for 1352 S Carmelina Ave

Assessed Value (2020): $4,450,707
Year Land Value Improved Value Assessed Value
2020 $1,268,196 $3,182,511 $4,450,707

Home Value Compared to the Market

This property vs the competition

1352 S Carmelina Ave sold on March 23, 2023 for 942.86% higher than the current median sold price for the city of Los Angeles which is $1,050,000. The median sold price per/sqft for Los Angeles is $738 and this home is sold at $337.23 per/sqft which puts the price per square foot 54.3% lower than the current median sale per square foot for the city of Los Angeles.

About 1352 S Carmelina Ave

Detailed summary of property

1352 S Carmelina Ave is a multi family that recently sold in Los Angeles, CA 90025. This multi family property offered 50 bedrooms, 50 bathrooms, roughly 32,470 living square feet, and sits on an approximately 21,794 square foot lot. 1352 S Carmelina Ave was first listed on ArdentRealEstateGroup.com on December 7, 2022. The homeowner sold the property for $10,350,000. Home in Los Angeles are selling for a median price of $1,050,000 and a median price per square foot of $738. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 942.86% higher than the current median priced home. Local homes that are currently for sale include 4005 Seashore, 283 Avocado St and 2442 S Coast. While the average home in Los Angeles, CA is selling in 97 days, 1352 S Carmelina Ave has a days on market of 62 days. There are currently 3429 homes for sale in the Los Angeles real estate market and 2324 of them are single family homes while 1008 of them are condos and 91 are townhomes. For more information on this home for sale at 1352 S Carmelina Ave Los Angeles, CA 90025 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 1352 S Carmelina Ave

Public county record property details
Beds
--
Baths
--
Year built
1972
Sq. Ft.
32,470
Lot Size
21,794
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
1
APN
4267-033-026

The source for these homes facts are from public records.

90025 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,199,000
Median List Price/Sq.Ft.
$767
Median Sold Price
$1,250,000
Median Sold Price/Sq.Ft.
$733
Total Inventory
104
Median Sale to List Price %
96.53%
Avg Days on Market
25
Loan Type
Conventional (20%), FHA (0%), VA (0%), Cash (6.67%), Other (6.67%)

Thinking of Selling?

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Thinking of Selling?
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(714) 706-1823

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. 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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