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1800 Carmona Avenue, Los Angeles, California 90019, Los Angeles, 90019 - bed, bath

1800 Carmona Avenue, Los Angeles, California 90019 home-pic-0
ACTIVE$1,550,000
1800 Carmona Avenue, Los Angeles, California 90019
0Bed
0Bath
3,130Sqft
6,735Lot
Year Built
1940
Close
-
List price
$1.55M
Original List price
$1.55M
Price/Sqft
$495
HOA
-
Days on market
-
Sold On
-
MLS number
OC25133036
Home ConditionPoor
Features
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $1.55M(69th), sqft - 3130(46th), beds - undefined(50th), baths - undefined(50th).

Exceptional Developer or Investor Opportunity in the Heart of Mid-City! Don't miss this incredible opportunity at 1800 Carmona Ave — a rare quadplex situated on a 6,735 SF RD1.5 lot (per assessor) at the end of a quiet street. This property offers outstanding potential for redevelopment, value-add investment, or long-term hold in one of LA's most dynamic and evolving neighborhoods. The current configuration includes: One spacious 4 bed / 2 bath unit Three 2 bed / 1 bath units With its generous lot size, zoning, and prime location, this property is ideal for builders, developers, or investors looking to take advantage of Mid-City’s ongoing growth and revitalization. Seize the opportunity to reimagine or enhance this asset in a highly sought-after area with strong rental demand and development upside.

Price History

Date
Event
Price
10/14/04
Sold
$725,000
01/13/04
Sold
$465,000
09/30/99
Sold
$193,000
Condition Rating
Poor
The property was built in 1940 and the images show the exterior is in need of substantial repairs. Given the age and lack of visible updates, it's likely the kitchen and bathrooms also require significant rehabilitation. The listing itself suggests redevelopment or value-add investment, further indicating the current condition is likely poor.
Pros & Cons

Pros

Development Opportunity: The property is situated on a 6,735 SF RD1.5 lot, presenting a significant opportunity for redevelopment or expansion.
Income Potential: As a quadplex with existing units (one 4 bed/2 bath and three 2 bed/1 bath), the property offers immediate rental income potential.
Prime Location: Located in the heart of Mid-City Los Angeles, a dynamic and evolving neighborhood with strong rental demand.
Value-Add Investment: The property allows for value-add improvements to increase rental income or resale value.
Large Lot Size: The generous lot size provides flexibility for various development or expansion possibilities.

Cons

Property Age: Built in 1940, the property may require updates or renovations to meet modern standards.
Potential Renovation Costs: Depending on the desired outcome (redevelopment or value-add), significant renovation costs may be incurred.
Management Intensive: Managing a quadplex requires ongoing attention to tenant relations and property maintenance.

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