Investment Overview

Marcus & Millichap, as the exclusive listing agent, is pleased to present the opportunity to acquire 3600–3610 Carmona Avenue, a 28-unit multifamily community located in just off La Cienga Blvd in the Mid-City submarket of Los Angeles. 3600–3610 Carmona is comprised of two two-story buildings totaling 16,800 gross square feet on a 0.57-acre LARD2 parcel. The asset features a pool courtyard, on-site laundry, and on-site parking. The complex features (twenty-eight (28) 1+1’s), nestled behind a lush garden-style open-air entry way. The Property features 11 vacant, fully renovated one-bedroom units, providing new ownership with a compelling opportunity to immediately lease available inventory without the cost, construction risk, or downtime associated with a traditional interior renovation program. Strategically positioned at the bend of a distinctive L-shaped residential street at the base of Baldwin Hills, 3600–3610 Carmona Avenue offers a setting that combines the privacy and neighborhood character of a cul-de-sac with the convenience of multiple points of ingress and egress. Surrounded predominantly by single-family homes and only a limited number of apartment properties, the Carmona Apartments benefit from a lower-density residential environment rarely associated with an asset of its size. As one of the largest multifamily properties within this immediate pocket, Carmona Avenue offers investors a differentiated rental product with limited nearby apartment competition, enhanced residential appeal, and a location supports long-term tenant retention and rental demand.