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1113 Carmona Avenue, Los Angeles, CA 90019

Property Details

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1113 Carmona Avenue
Los Angeles, CA 90019

In Escrow / Under Contract: $3,200,000

Property Type: Fourplex
MLS#: BB18251160

  • Building Size: 5641 SF
  • Lot Size: 6000 SF
  • Number of Units: 4
  • Number of Stories: 3
  • Year Built: 2018
  • Days on market: 92
  • Cap Rate: 5.02
  • Net Operating Income: $179,412
  • Gross Scheduled Income: $223,488
  • Rent Control: No
  • GRM: 15.19
  • Contact Listing Agent Direct:
  • Elizabeth Maddox, The 2-4 Unit Specialists


Property Description

This is a never before seen opportunity to purchase the ONLY new construction fourplex built in the Miracle Mile. This remarkably rare property was built to luxury home standards, with huge walk in closets containing built-ins and enormous balconies offering breathtaking views of the charming residential streets below and the LA skyline beyond. 1113 Carmona is situated on a picturesque street that looks straight out of a fairy tale! It is around 0.7 miles from Museum Row, the series of museums that the Miracle Mile is famous for. In this upscale part of town, old DUPLEXES with rent control sell for around $2,000,000, making a NEW construction non-rent controlled FOURPLEX a truly unbeatable deal at $3,200,000. Not to mention, houses are transacting at almost $900 per SF. Why not buy this instead and owner occupy at $567.28 per SF? Additionally, if used solely for investment purposes, this fourplex offers buyers an estimated 5.61% cap rate! 1113 Carmona is made up of four 3 bedroom, 3 bathroom 3-story townhome style units with pro forma rents between $4,600 and $5,000. The property boasts six covered parking spaces and two uncovered parking spaces. The units feature top of the line appliances, high quality finishes, spacious floor plans, laundry hookups in unit, and separate meters for gas, water and electric.


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1113 Carmona Avenue, Los Angeles, CA 90019

Based on information from California Regional Multiple Listing Service, Inc. as of January 4, 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.

Listing provided by: Elizabeth Maddox, The 2-4 Unit Specialists

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