2323 Carmona Ave, Los Angeles, California 90016, Los Angeles, 90016 - 5 bed, 3 bath

2323 Carmona Ave, Los Angeles, California 90016 home-pic-0
ACTIVE$1,200,000
2323 Carmona Ave, Los Angeles, California 90016
5Beds
3Baths
1,827Sqft
6,067Lot
Year Built
1995
Close
-
List price
$1.2M
Original List price
$1.2M
Price/Sqft
$657
HOA
-
Days on market
-
Sold On
-
MLS number
SR25224962
Home ConditionFair
Features
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $1.20M(50th), sqft - 1827(50th), beds - 5(86th), baths - 3(86th).

Prime Opportunity in Los Angeles! Located in the vibrant Mid-City/West Adams neighborhood, this modest duplex offers strong market potential. The property includes a front unit with 2 bedrooms and 1 bathroom and a back unit with 3 bedrooms and 2 bathrooms, providing flexible rental options. Ongoing development throughout the area continues to drive growth and add to the property’s appeal. While upgrades are needed, this is an ideal opportunity to renovate and modernize for reliable rental income in a high-demand location. With the right improvements, the duplex could become a valuable asset in one of Los Angeles’s most dynamic rental markets. For those with a long-term vision, the property also offers potential for redevelopment under its favorable zoning. It can be held as a remodeled rental for immediate income or redeveloped to maximize future value. The neighborhood provides excellent access to shops, restaurants, and transit, with Culver City, Koreatown, and Downtown Los Angeles just minutes away. This is an excellent opportunity for investors or developers to secure a property with both short-term income potential and long-term growth possibilities

Price History

Date
Event
Price
09/26/25
Listing
$1,200,000
Condition Rating
Fair

The property was built in 1995, making it 29 years old. The listing description explicitly states that 'upgrades are needed' and it's an 'ideal opportunity to renovate and modernize.' While the exterior appears maintained, the lack of interior images prevents a detailed assessment of the kitchen and bathrooms. However, based on the age and the description, it's highly probable that these areas, along with other components, are outdated and require renovation to meet current standards. This aligns with a 'Fair' condition, indicating it's functional but requires updates.
Pros & Cons

Pros

Income-Generating Duplex: The property is a duplex with two distinct units (2B/1B and 3B/2B), offering immediate and flexible rental income streams.
Strategic Location: Located in the vibrant Mid-City/West Adams neighborhood, providing excellent access to amenities, transit, and key Los Angeles hubs like Culver City, Koreatown, and Downtown.
Significant Growth Potential: Situated in an area experiencing ongoing development, which is driving market growth and enhancing the property's long-term appreciation prospects.
Redevelopment Flexibility: Favorable zoning presents a valuable opportunity for future redevelopment, allowing investors to maximize the property's value beyond its current configuration.
Investor/Developer Appeal: Positioned as an ideal asset for investors or developers, offering both short-term rental income potential and substantial long-term growth opportunities.

Cons

Extensive Renovation Required: The property explicitly requires significant upgrades and modernization, indicating a substantial upfront investment in renovation to achieve its full market potential.
Current Modest Condition: Described as a 'modest duplex,' suggesting the property is not turn-key and its current state may not command premium rents without considerable improvements.
Potential for Outdated Systems/Finishes: Built in 1995, the property's systems and interior finishes are likely dated, contributing to the need for extensive upgrades and potentially higher maintenance costs.

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