Andy Watkins, JD

310-383-6239  |  #01478668
Just Listed

3436 Carmona Ave
Los Angeles, CA

  • 7 BEDS
  • 6 BATHS
  • 3,506 SQ FT
  • 10462

Property Details

Very rare, legal 4-plex with a new ADU. Property situated near Cumulus District, West Adams, and the Hayden Tract in Culver City - this area is one of the hottest and up-and-coming neighborhoods in Los Angeles. Opportunity for an owner to live in one of the units while renting out the others for instant income or add it to your long-term portfolio for potential future development. UPTO THREE UNITS WILL BE DELIVERED VACANT. Gross Scheduled Income (GSI) $140,304; Expenses $28,424; Net Operating Income (NOI) $111,880; GRM 12.72; Cap Rate 6.27%. New sewer pipes for the property, and various upgrades in rented units. New fencing and gates have been installed, enhancing security and privacy on the property. Owners' unit has been updated with new flooring, kitchen, and bathrooms, and new plumbing and electric. Super low maintenance costs. Unit mix: 3 BD/2BA, 2BD/1BA, 1BD/1BA, studio/1BA, and a new ADU from ABODU, which is 1BD/1BA and over 495 sqft. Total 3506 sqft on a huge 10,462 sqft lot. Easy access to Mar Vista, Venice, Playa Vista, LAX, DTLA and the Expo Line. MOTIVATED SELLER - BRING YOUR BEST OFFER!

Andy Watkins, JD

Send a Message