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$1,595,000

Beds
13
sq ft
6,429

2928 Carmona Ave, Los Angeles, CA 90016

2928 Carmona Ave

Los Angeles, CA 90016

  • 52 days on market
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.

Details

Property type

Est. home value

$2,072,379

Lot size

7,937 sq ft

Price per sq ft

$249

Year built

1965

HOA

No

Price History

05/09/2024
CLAW

CLAW #24390239

Listed
$1,595,000

Schools & Community

Neighborhood: 

West Adams

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Jpmorgan Chase Bank Na

Loan start date

November 2015

Original loan amount

$700,000

Est. remaining balance

Not provided

Interest rate

3.85%

Loan type

Commercial

Seller

Alan Gabbay and Kayvan Gabbay

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 07/01/2024 at 8:50 AM

Listing updated: 05/21/2024 at 9:48 AM

Listed by: Shawn Mehrannia, Home Team Realty Phone #: (310) 539-4300

MLS: CLAW #24390239

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