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.
Additional Features
- Excellent Condition
- Central
- Landscaped
- Three Or More
- City Lights
- Neighborhood
- Parking spaces: 8.00
- Listing Status: Closed
- Listing Agent: Elizabeth Maddox
(lic# 01921425)
of Burbank
- Listing Office: The 2-4 Unit Specialists
(lic# 01921425)
- Selling Agent: Omid Yousofi
(lic# 01702974)
-
Based on information from CRISNet MLS as of 10th December 2024 at 9:25am. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
