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2928 Carmona Ave, Los Angeles, CA 90016
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2928 Carmona Ave Los Angeles, CA 90016

$1,595,000
  • 86 Beds
  • 45 Baths
  • 6,429 Sq.Ft.
For Sale
$1,595,000 Get Pre-Qualified
Map preview of 2928 Carmona Ave, Los Angeles, CA 90016

Property Overview: 2928 Carmona Ave Los Angeles, CA has 86 bedrooms, 45 bathrooms, 6,429 living square feet and 7,937 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: Seismic Earthquake Retrofit Complete!!! 2928 Carmona Avenue, located in the strong rental market of Mid-City, Los Angeles, CA The 6,429-square foot building is located on a 7,937-squarefoot lot with 10 parking spaces. The property is situated at the end of a charming cul-de-sac that has recently been landscaped. The 1964 building operates as nine units made up of six one-bedroom/one-bathroom units, two two bedroom/two-bathroom units and one three bedroom/ two bathroom unit. All units are individually metered for gas and electricity. There is an on-site laundry facility to provide extra revenue, .The subject property is located within proximity distance to the new Metro train station one block north of Jefferson Avenue and two blocks east of La Cienega Boulevard. A hands-on investor will enjoy this strong cash flow deal with 15 percent upside in the rental income.

Listed by Shawn Mehrannia | BRE #01874025 | Home Team Realty
Last checked: 1 minute ago | Last updated: May 31st, 2024 | Source CRMLS | DOM: 38
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Home details

Lot Sq. Ft
7,937
HOA Dues
$0/mo
Year built
1965
Garage
--
Property Type:
Multi Family
Status
Active
MLS#
24390239
City
Los Angeles
County
Los Angeles
Time on Site
46 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 9
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,136
  • Total Rent: $1,136
  • Pro Forma/Market Rent: $1,800
Unit Breakdown 2
  • # of Units: 2
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,296
  • Total Rent: $1,296
  • Pro Forma/Market Rent: $1,800
Unit Breakdown 3
  • # of Units: 3
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $732
  • Total Rent: $732
  • Pro Forma/Market Rent: $1,800
Unit Breakdown 4
  • # of Units: 4
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,668
  • Total Rent: $1,668
  • Pro Forma/Market Rent: $2,300
Unit Breakdown 5
  • # of Units: 5
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,061
  • Total Rent: $1,061
  • Pro Forma/Market Rent: $2,300
Unit Breakdown 6
  • # of Units: 6
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,301
  • Total Rent: $1,301
  • Pro Forma/Market Rent: $2,300
Unit Breakdown 7
  • # of Units: 7
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $774
  • Total Rent: $774
  • Pro Forma/Market Rent: $1,800
Unit Breakdown 8
  • # of Units: 8
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,518
  • Total Rent: $1,518
  • Pro Forma/Market Rent: $2,300
Unit Breakdown 9
  • # of Units: 9
  • # of Beds: 3
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,245
  • Total Rent: $2,255
  • Pro Forma/Market Rent: $3,100
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 11.33
  • Gross Scheduled Income: --
  • Net Operating Income: $0
  • Gross Operating Income: $0
Annual Expense Breakdown
  • Total Operating Expense: --

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Property Details for 2928 Carmona Ave

Interior Features
Cooling Information
  • No Cooling
  • None
Kitchen Information
  • Has Appliances
Interior Features
  • Levels: Multi/Split
Exterior Features
Exterior Information
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 9
  • Has Parking
  • Parking Features: Carport
Lot Information
  • Lot Size Source: Assessor
Property Information
  • Total # of Units: 9
  • Parcel Number: 5048019009
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: One block North of Jefferson Avenue and two blocks East of La Cienega Boulevard.
View more facts & features

Local Los Angeles Agent

Sale History for 2928 Carmona Ave

Last sold for $1,220,000 on December 9th, 2015

  • May, 2024

  • May 9, 2024

    Date

    Active

    CRMLS: 24390239

    $1,595,000

    Price

  • November, 2023

  • Nov 16, 2023

    Date

    Expired

    CRMLS: 23241965

    $1,800,000

    Price

  • Feb 17, 2023

    Date

    Active

    CRMLS: 23241965

    $2,200,000

    Price

  • Listing provided courtesy of CRMLS

    $400K Price reduction!!Seismic Earthquake Retrofit Complete!!! 2928 Carmona Avenue, located in the strong rental market of Mid-City, Los Angeles, CA The 6,429-square foot building is located on a 7,937-squarefoot lot with 10 parking spaces. The property is situated at the end of a charming cul-de-sac that has recently been landscaped. The 1964 building operates as nine units made up of six one-bedroom/one-bathroom units, two two bedroom/two-bathroom units and one three bedroom/ two bathroom unit. All units are individually metered for gas and electricity. There is an on-site laundry facility to provide extra revenue, .The subject property is located within proximity distance to the new Metro train station one block north of Jefferson Avenue and two blocks east of La Cienega Boulevard. A hands-on investor will enjoy this strong cash flow deal with 15 percent upside in the rental income.

  • December, 2015

  • Dec 9, 2015

    Date

    Sold (Public Records)

    Public Records

    $1,220,000

    Price

  • December, 2013

  • Dec 27, 2013

    Date

    Sold (Public Records)

    Public Records

    $353,503

    Price

  • January, 2011

  • Jan 20, 2011

    Date

    Canceled

    CRMLS: 12140301

    $799,000

    Price

  • Jun 22, 2010

    Date

    Active

    CRMLS: 12140301

    $799,000

    Price

  • Listing provided courtesy of CRMLS

    Property has been heavily remodeled. Current CAP Rate 9.28% and GRM 8.11...ACTUAL. Best priced units in town. Will be delivered in excellent condition free of any city violations.

  • July, 2005

  • Jul 1, 2005

    Date

    Sold

    CRMLS: Y48076

    $875,000

    Price

  • May 20, 2005

    Date

    Active

    CRMLS: Y48076

    $900,000

    Price

  • Listing provided courtesy of CRMLS

    Seller Motivated To Carry The Note/Loan At 6.5% Interest Rate For Five Years, Interest Only. Property In Fair Condition.GREAT OPPORTUNITY for investors don't let this one to pass on you to sale it.

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Tax History for 2928 Carmona Ave

Assessed Value (2020): $1,320,564
Year Land Value Improved Value Assessed Value
2020 $925,478 $395,086 $1,320,564

Home Value Compared to the Market

This property vs the competition

2928 Carmona Ave is listed 27.7% higher than the median list price for the city of Los Angeles which has a median list price of $1,249,000. The median price per/sqft for Los Angeles is $778 and this home is listed at $248.09 per/sqft which puts the price per square foot 68.11% lower than the median price per square foot for the city of Los Angeles.

About 2928 Carmona Ave

Detailed summary of property

2928 Carmona Ave is a multi family located in Los Angeles, CA 90016 and is currently for sale. This multi family property offers 86 bedrooms, 45 bathrooms, roughly 6,429 living square feet, and sits on an approximately 7,937 square foot lot. 2928 Carmona Ave was first listed on ArdentRealEstateGroup.com on May 10, 2024. The homeowner is currently asking $1,595,000. The median priced home in Los Angeles is $1,249,000 with a median price per square foot of $778. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 27.7% higher than the median priced home. Local competing homes currently for sale include 2533 S Orange Dr, 1847 S Curson Ave and 8664 Cadillac Ave. While the average home in Los Angeles, CA is selling in 98 days, 2928 Carmona Ave has a days on market of 38 days. There are currently 4006 homes for sale in the Los Angeles real estate market and 2700 of them are single family homes while 1190 of them are condos and 109 are townhomes. For more information on this home for sale at 2928 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 2928 Carmona Ave

Public county record property details
Beds
13
Baths
10
Year built
--
Sq. Ft.
6,429
Lot Size
7,937
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
506
APN
5048-019-009

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.
$744
Median Sold Price
$1,150,000
Median Sold Price/Sq.Ft.
$742
Total Inventory
78
Median Sale to List Price %
95.91%
Avg Days on Market
31
Loan Type
Conventional (31.58%), FHA (0%), VA (0%), Cash (10.53%), Other (15.79%)

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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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