$1,550,000

Estimated payment $9,748/month

Total Views 1,737
10 Beds
5 Baths
3,130 Sq Ft
$495 Price per Sq Ft

About This Home

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.

Listing Agent

William Morris

Innovate Realty, Inc. Brokerage Phone: 949-413-2903 License #01516271 Listed on: 06/13/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $17,870

Year Built

  • Built in 1940

Lot Details

  • 6,735 Sq Ft Lot
  • Two or More Common Walls
  • Density is up to 1 Unit/Acre

Home Design

  • Quadruplex
  • Entry on the 1st floor

Interior Spaces

  • 3,130 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 5 Bathrooms

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Location

  • Urban Location

Listing and Financial Details

  • Legal Lot and Block 30 / 5
  • Tax Tract Number 5281
  • Assessor Parcel Number 5064010012
  • $5,988 per year additional tax assessments
  • Seller Considering Concessions

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 4 Units

Amenities

  • Laundry Facilities

Building Details

  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $3,600
  • Insurance Expense $3,000
  • Trash Expense $540
  • Water Sewer Expense $2,400
  • Operating Expense $9,540
  • Gross Income $73,728
  • Net Operating Income $51,850

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$17,870

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Price Per Unit: 387500
  • Property Attached: Yes
  • Water Sewer Expenses: 2400.00
  • Zoning: LARD1.5
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 5064010012
  • Year Built: 1940
  • AgentOnly_SellerConsiderConcessionYN: Yes
  • Special Features: None

Interior Features

  • Stories: 2
  • Entry Location: front
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Price Per Square Foot: 495.21

Exterior Features

  • Pool Private: No

Utilities

  • Laundry: Yes
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Trash Expense: 540.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Gutters, Sidewalks, Street Lights, Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 6735.00
  • Lot Size Acres: 0.1546

Multi Family

  • Electric Expense: 3600.00
  • Gross Income: 73728.00
  • Gross Scheduled Income: 73728.00
  • Insurance Expense: 3000.00
  • Lot Size Area: 6735.0000 Square Feet
  • Net Operating Income: 51850.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 21908.00
  • Rent Control: Yes
  • Total Expenses: 9540.00

Tax Info

  • Tax Block: 5
  • Tax Census Tract: 2183.00
  • Tax Lot: 30
  • Tax Tract Number: 5281
  • TaxOtherAnnualAssessmentAmount: 5988.00

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $17,870 $1,010,569 $557,556 $453,013
2024 $17,870 $990,755 $546,624 $444,131
2023 $17,638 $971,329 $535,906 $435,423
2022 $17,074 $952,285 $525,399 $426,886
2021 $23,285 $1,475,125 $1,010,360 $464,765
2020 $23,467 $1,460,000 $1,000,000 $460,000
2019 $16,583 $905,924 $499,821 $406,103
2018 $16,454 $888,162 $490,021 $398,141
2016 $10,539 $853,676 $470,994 $382,682
2015 $9,125 $735,000 $448,800 $286,200
2014 $9,354 $735,000 $448,800 $286,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/13/2025 06/13/25 For Sale $1,550,000 -- $495 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Purchase History

Date Type Sale Price Title Company
Warranty Deed -- None Available
Grant Deed $725,000 Equity Title
Grant Deed $465,000 Fidelity National Title
Quit Claim Deed -- Stewart Title
Corporate Deed $310,000 Gateway Title Company
Grant Deed $193,000 Old Republic Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $580,000 Purchase Money Mortgage
Previous Owner $100,000 Credit Line Revolving
Previous Owner $372,000 Purchase Money Mortgage
Previous Owner $37,000 Credit Line Revolving
Previous Owner $343,900 No Value Available
Previous Owner $307,465 FHA
Closed $72,500 No Value Available
Source: Public Records

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC25133036

California Regional Multiple Listing Service (CRMLS)

APN: 5064-010-012