CA > Los Angeles
Los Angeles, CA 90006,915 S Carondelet ST
Los Angeles, CA 90006,915 S Carondelet ST
Los Angeles, CA 90006,915 S Carondelet ST
Los Angeles, CA 90006,915 S Carondelet ST
Los Angeles, CA 90006,915 S Carondelet ST
Los Angeles, CA 90006,915 S Carondelet ST
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Realty One Group Success

Realty One Group Success

ROG Success

+1(661) 644-4969
$ 7,000,000
Est. payment | /mo

22 Beds

48 Baths

31,500 SqFt

Save
$ 7,000,000
Est. payment | /mo
Save

22 Beds

48 Baths

31,500 SqFt

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 31,500 sqft

Price per Sqft $222

MLS Listing ID 25477465

Bedrooms 22

HOA Y/N No

Year Built 1914

Lot Size 0.430 Acres

Property Description

We are pleased to present 915 S Carondelet St, a 48-unit multifamily investment opportunity in the Westlake neighborhood of Los Angeles located three blocks south of MacArthur Park between S Hoover St & James M Wood Blvd and just east of Koreatown. Unique opportunity that includes the adjacent lot, currently used for parking with 18 spaces; the lot totals 6,000 SF zoned R4-1 in a Tier 3 TOC. The building features a unit mix of one bachelor, 33 singles, six one bedrooms and eight two-bedrooms; renovated units include refinished hardwood floors, updated appliances, tile bathrooms, new cabinetry, and ceiling fans; many of the units feature exposed brick. At the asking price, the property is being offered at a 5.64% CAP rate at 9.01 GRM on current income with an additional 28% rental upside achievable as units turn through continued interior renovations. The property has a secured, gated entrance with intercom access and security cameras; common areas are well-kept and there is a community laundry room. High Walk Score of 94, the property is one mile from the Metro A-E Rail Lines, and walking distance to multiple Metro Local Lines along S Hoover St & W 8th St. This neighborhood of Westlake is ideally located with a short commute to Downtown Los Angeles, Hollywood, and Koreatown.

Location

State CA

County Los Angeles

Area C42 - Downtown L.A.

Zoning LAR4

Interior

Heating None

Cooling None

Fireplace No

Exterior

Parking Features None

Total Parking Spaces 18

Building

Story 4

Entry Level Three Or More

Level or Stories Three Or More

New Construction No

Others

Senior Community No

Tax ID 5136001005

Special Listing Condition Standard

California Regional MLS (CRMLS)
Listed by Neema Ahadian • Marcus & Millichap
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"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(661) 644-4969

patrick@rogsuccess.com

24251 Town Center Dr Suite 201, Valencia, California, 91355, United States

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915 S Carondelet ST