ActiveResidential · sale

1561 Carmona Avenue

Los Angeles, CA 90019

$1,299,000

  • 4 beds
  • 3 baths
  • 2,409 sq ft
  • 0.14 acres
  • Built 1926

Listed by Compass · MLS #26865249

A FEW THINGS TO NOTICE

What stands out.

Year built

Built in 1926.

Garage parking

2 garage spaces listed.

Property size

0.14 acres listed.

Highlights from the listing description and property details. Confirm features with the listing agent.

THE PROPERTY

Get to know the property.

Rarely does a California Bungalow compound like this come to market in the heart of Picfair Village Delivered completely vacant and situated on an R2zoned lot the property offers three distinct living spaces a charming front residence with 1 bedroom plus a loft and 15 baths an attached guest studio with a full bath and Junior ADU potential and a detached 1bedroom 1bath ADU permitted as a duplex unit The front house and guest studio are part of what was one large home permitted as one unit If you desire a larger home all that has to be done is reconnect the two spaces with the removal of a wall that separates them or keep it the same and convert to Jr Adu The floorplan explains it well Whether envisioned as an owneroccupied income property a multigenerational retreat or a collection of private spaces for living and working this property offers a level of flexibility that is increasingly difficult to find Leave the sidewalk behind and follow the garden path through professionally designed landscaping where fragrant French lavender and Mediterraneaninspired plantings create a welcoming sense of arrival Elevated above the street the covered front porch is the kind of place where an extra cup of coffee turns into an hour and one last conversation keeps you lingering long after the sun goes down Step inside and you will immediately notice what makes the home so enduring the warmth the natural light and rooms that simply feel good to be in Sunlight pours through the windows hardwood floors add richness underfoot and designerselected paint colors complement the homes original character A fossiliferous limestone fireplace anchors the living room with texture and timeless appeal creating a space equally suited for lively gatherings or quiet evenings at home It is easy to see why the kitchen becomes the heart of the house A generous center island invites conversation while meals are prepared complemented by quartz countertops abundant cabinetry a pantry and a sunny breakfast nook that is just as inviting for a quick weekday breakfast as it is for lingering over coffee on a Sunday morning The attached guest studio provides a private living and sleeping area with a full bath offering flexibility for extended family overnight guests a creative studio or a home office With Junior ADU potential it presents an additional opportunity for the next owner to explore A stroll through the garden leads to the detached rear ADU permitted as a duplex unit where a private patio wrapped in blooming star jasmine feels like a hidden retreat Complete with 1 bedroom a full bath and its own kitchen it is equally suited for guests tenants or a peaceful workfromhome environment The 2car garage includes a dedicated laundry area serving both the attached studio and rear ADU What truly sets this home apart is the neighborhood surrounding it Walk to Bloom Cafe Mad Lab Coffee and Joes Pizza gather with neighbors for the beloved annual Pumpkin Race and become part of one of Los Angeles most welcoming communities Centrally located with convenient access to Beverly Hills Culver City West Hollywood Downtown Los Angeles and LAX this is a rare opportunity to own a property that offers character flexibility and a true sense of place More than a place to live it is a place to put down roots build memories and enjoy the very best of Picfair Village a timeless home thoughtfully designed for the way we live today

THE NEIGHBORHOOD

Explore the location.

1561 Carmona Avenue, Los Angeles, CA 90019

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THE DETAILS

The details, all in one place.

Property type
ResidentialIncome
Category
Residential
Year built
1926
Full baths
0
Half baths
0
Garage spaces
2
Cooling
WallWindowUnits
Heating
NaturalGas,WallFurnace
Appliances
Dishwasher,Disposal,Oven,Range,Refrigerator,RangeHood,Dryer,Washer
Flooring
Tile
Pool
No
Pool features
None
Spa
No
Subdivision
Picfair Village
Zoning
LAR2
Parcel
5069025002

Features and school information are supplied by the listing source. Confirm measurements, school assignments, HOA terms and rental restrictions before making a decision.

OWNERSHIP, WITH A PLAN

Investor outlook.

Explore this property’s rental potential with an all-cash purchase. Monthly rent starts at 5% of the purchase price per year, divided by 12. Adjust it and the other assumptions to explore your scenario.

These are planning assumptions, not a rental appraisal or a loan quote. The starting rent is a price-based estimate; a local leasing professional can help confirm market rent.

Investor outlook assumes an all-cash purchase. No mortgage payment is deducted.

Estimated monthly cash flow · cash purchase
Estimated monthly rent$5,412.50
Cap rate

Annual operating income:

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Purchase price
Rental income & operating costs

Purchase price × 5% ÷ 12. Updates with purchase price until you enter a custom rent.

Annual insurance starts at purchase price × 0.25%, rounded to the nearest available amount. Updates with purchase price until you choose another amount.A planning estimate, not an insurance quote. Adjust it for your property and coverage.

Percentages are editable examples, not ERA fee quotes. Management is applied to rent after vacancy; maintenance and capital reserves use scheduled rent. Add owner-paid utilities, mortgage insurance and other recurring expenses under other costs.

How this scenario is calculated

Annual operating income is rent after vacancy, management, maintenance, taxes, insurance, HOA and other operating costs, before financing and capital reserves. Cap rate divides annual operating income by purchase price. Estimated monthly cash flow assumes an all-cash purchase: rent after vacancy, management, maintenance, taxes, insurance, HOA, other operating costs and capital reserves. No mortgage payment is deducted. The mortgage calculator is separate; loan payments would reduce cash flow for a financed purchase. One-time acquisition costs, renovations, income taxes, depreciation and appreciation are excluded.

Mortgage payment calculator

Explore financing separately. These loan settings do not change the all-cash investor outlook.

Mortgage assumptions

20% down and 7% interest are illustrative starting values.

Estimated monthly principal & interestLoan payment only. Excludes property taxes, homeowners/flood insurance, mortgage insurance and HOA dues.

About this payment estimate

Based on a fixed-rate, fully amortizing loan with monthly payments and the price, down payment, interest rate and term you select. The interest rate is an example, not a current rate offer or APR; APR includes certain loan costs. This is an illustration, not a Loan Estimate, approval, offer of credit or commitment to lend.

Your actual payment, rate and eligibility depend on your lender, credit, loan program and property. Closing costs, points, prepaid expenses and lender fees are not included. Taxes and insurance may change, and mortgage insurance may be required, particularly with a down payment below 20%. Ask your lender for a Loan Estimate and a complete monthly payment including applicable taxes, insurance and fees.

Dollar results are rounded to the nearest cent; calculations retain precision until display. A cash purchase has no loan payment but still has ownership costs. Understand your total home payment (CFPB).

ERA PROPERTY MANAGEMENT

See its potential.
Have a plan for what follows.

Considering this property as a rental? Start with the numbers, then talk through the day-to-day with a local management team.

  1. Understand the opportunity.

    Review rental pricing, property condition and your ownership goals with a local professional.

  2. Make a strong first impression.

    Bring together property preparation, professional marketing and applicant screening.

  3. Stay connected to your investment.

    Get support with rent collection, resident communication, maintenance coordination and owner reporting.

Get a local rental estimateTalk through your management needs
Stone-front home with a landscaped lawn and central entry
A more complete plan for your property

LOCAL PEOPLE. SHARED COMMITMENT.

A team behind your next step.

From your first question to the everyday work of ownership, a conversation with the right person makes a difference.

Meet ERA Property Management

Residential management in Utah, Nevada and Texas. Service availability and rental eligibility must be confirmed for each property. Commercial and association services are available through our management services page.

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1561 Carmona Avenue, Los Angeles, CA 90019 · MLS #26865249

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Listing information

MLS #26865249 · California Regional MLS

Listing brokerage: Compass
Listing agent: Monique Carrabba

Listing status: Active. Record updated . Confirm current availability and price with the listing agent.

The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. "CRMLS" and is protected by all applicable Copyright © 2023 laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional. Information deemed reliable but not guaranteed. Copyright © 2023 California Regional Multiple Listing Service, Inc. All rights reserved.