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2318 Carmona Ave Los Angeles, CA 90016

$855,000 Sold Price as of 06/28/2019

7 Beds
6 Baths
1,964 Sq.Ft.

Sold

$855,000 Sold Price as of 06/28/2019 Refinance Your Mortgage

Map preview of 2318 Carmona Ave, Los Angeles, CA 90016

Property Overview: 2318 Carmona Ave Los Angeles, CA has 7 bedrooms, 6 bathrooms, 1,964 living square feet and 6,078 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Charming Culver City adjacent 3 Unit property. One 1 bedroom 1 bathroom unit will be delivered vacant at close of escrow. Property consists of; one 2 bedroom 1 bathroom unit and two 1 bedroom 1 bathroom units. Units come with detached covered garages. The vacant unit is freshly painted and has new laminate flooring. All units are separately metered for gas and electricity. Each unit has its own water heater. Please respect the privacy of the tenants; Do not roam the property or disturb the tenants.

Listed by Eddie Safa | BRE #01384205 | AXES Group, Inc.

Last checked: 7 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 22

Home details

Lot Sq. Ft: 6,078
HOA Dues: $0/mo
Year built: 1947
Garage: --
Property Type:: Multi Family

Status: Sold
MLS#: 19464394
City: Los Angeles
County: Los Angeles
Time on Site: 1269 days

Multi-Family Unit Breakdown

Unit Mix Summary

Total # of Units: 3
Total # of Buildings: 2

Unit Breakdown 1

# of Units: 1
# of Beds: 2
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $873
Total Rent: $908
Pro Forma/Market Rent: $908

Unit Breakdown 2

# of Units: 2
# of Beds: 1
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $1,419
Total Rent: $1,475
Pro Forma/Market Rent: $1,475

Unit Breakdown 3

# of Units: 3
# of Beds: 1
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $1,600
Total Rent: $1,600
Pro Forma/Market Rent: $1,600

Multi-Family Income/Expense Information

Property Income and Analysis

Cap Rate: 4.16%
Gross Rent Multiplier: 16.7
Gross Scheduled Income: --
Net Operating Income: $33,248
Gross Operating Income: $47,796
Laundry Income: $0
Improvements Total: $152,743

Annual Expense Breakdown

Total Operating Expense: --
Electric: $0
Gas/Fuel: $0
Trash: $0
Insurance: $1,800
Professional Management: $0
Water/Sewer: $1,800

Property Details for 2318 Carmona Ave

Interior Features

Cooling Information

Has Cooling
Wall/Window Unit(s)

Kitchen Information

Has Appliances
Disposal, Refrigerator

Lot Details / Garage and Parking

Parking/Garage Information

Has Parking
Parking Features: Garage - Three Door

Property Information

Total # of Units: 3
Parcel Number: 5063007064

Location / Neighborhood

Location Information

Directions: South of Washington Blvd, West of Hauser Blvd

View more facts & features

Local Los Angeles Agent

Sale History for 2318 Carmona Ave

Last sold for $855,000 on June 28th, 2019

June, 2019
Jun 28, 2019

Date

Sold

CRMLS: 19464394

$855,000

Price
Jun 21, 2019

Date

Pending

CRMLS: 19464394

$799,000

Price
May 31, 2019

Date

Active Under Contract

CRMLS: 19464394

$799,000

Price
May 9, 2019

Date

Active

CRMLS: 19464394

$799,000

Price
June, 2019
Jun 28, 2019

Date

Sold (Public Records)

Public Records

$855,000

Price
September, 2017
Sep 6, 2017

Date

Expired

CRMLS: 16158246

$599,950

Price
Nov 7, 2016

Date

Withdrawn

CRMLS: 16158246

$599,950

Price
Nov 2, 2016

Date

Hold

CRMLS: 16158246

$599,950

Price
Nov 2, 2016

Date

Active

CRMLS: 16158246

$599,950

Price
Oct 23, 2016

Date

Hold

CRMLS: 16158246

$599,950

Price
Oct 23, 2016

Date

Active

CRMLS: 16158246

$599,950

Price
Oct 13, 2016

Date

Hold

CRMLS: 16158246

$599,950

Price
Oct 13, 2016

Date

Active

CRMLS: 16158246

$599,950

Price
Oct 3, 2016

Date

Hold

CRMLS: 16158246

$599,950

Price
Sep 6, 2016

Date

Price Change

CRMLS: 16158246

$599,950

Price
Listing provided courtesy of CRMLS

Centrally located triplex. Subject property consists of 1 x 2+1 and 2 x 1+1 units with substantial upside potential. Units are separately metered for gas and electricity. Each unit has its own water heater. structure is built on a raised foundation. Subject's location and proximity to the 10 and the 405 freeways allows for easy access to downtown Los Angeles, W. LA., Culver City and Santa Monica. Property is being sold "AS IS". All units will remain tenant occupied at close of escrow. DO NOT walk the premises or disturb the tenants.

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June, 2015
Jun 26, 2015

Date

Sold (Public Records)

Public Records

$492,500

Price

Tax History for 2318 Carmona Ave

Assessed Value (2020): $872,100

Year	Land Value	Improved Value	Assessed Value
2020	$693,600	$178,500	$872,100

Home Value Compared to the Market

This property vs the competition

2318 Carmona Ave sold on June 28, 2019 for 37.28% lower than the current median sold price for the city of Los Angeles which is $1,274,000. The median sold price per/sqft for Los Angeles is $791 and this home is sold at $406.82 per/sqft which puts the price per square foot 48.57% lower than the current median sale per square foot for the city of Los Angeles.

About 2318 Carmona Ave

Detailed summary of property

2318 Carmona Ave is a multi family that recently sold in Los Angeles, CA 90016. This multi family property offered 7 bedrooms, 6 bathrooms, roughly 1,964 living square feet, and sits on an approximately 6,078 square foot lot. 2318 Carmona Ave was first listed on ArdentRealEstateGroup.com on January 13, 2021. The homeowner sold the property for $855,000. Home in Los Angeles are selling for a median price of $1,274,000 and a median price per square foot of $791. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 37.28% lower than the current median priced home. Local homes that are currently for sale include 2000 7th Ave, 2609 W 30th St and 1996 W Jefferson Blvd. While the average home in Los Angeles, CA is selling in 100 days, 2318 Carmona Ave has a days on market of 22 days. There are currently 3938 homes for sale in the Los Angeles real estate market and 2648 of them are single family homes while 1176 of them are condos and 106 are townhomes. For more information on this home for sale at 2318 Carmona Ave Los Angeles, CA 90016 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 2318 Carmona Ave

Public county record property details

Beds: 4
Baths: 3
Year built: 1947
Sq. Ft.: 1,964
Lot Size: 6,077
Stories: --

Type: Triplex (3 Units, Any Combination)
Pool: No
Spa: No
County: Los Angeles
Lot#: 57
APN: 5063-007-064

The source for these homes facts are from public records.

90016 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends

Median List Price

$1,098,000

Median List Price/Sq.Ft.

$760

Median Sold Price

$1,125,000

Median Sold Price/Sq.Ft.

$704

Total Inventory

Median Sale to List Price %

102.27%

Avg Days on Market

Loan Type

Conventional (15.38%), FHA (0%), VA (0%), Cash (0%), Other (23.08%)

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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.