915 S Carondelet St | Los Angeles, CA 90006
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- LoopNet Team
915 S Carondelet St
Los Angeles, CA 90006
Carondelet Apartments · Multifamily Property For Sale
·
48 Units
INVESTMENT HIGHLIGHTS
- Marcus & Millichap is pleased to present 915 S Carondelet St, a 48-unit multifamily investment opportunity in the Westlake neighborhood
- The building features a unit mix of one bachelor, 33 singles, six one-bedrooms and eight two-bedrooms
- At the asking price, the property is being offered at a 5.70% CAP rate at 8.90 GRM on current income with an additional 28% rental upside achievable
- 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
- Renovated units include refinished hardwood floors, updated appliances, tile bathrooms, new cabinetry, and ceiling fans
PROPERTY FACTS
| No. Units | 48 | Lot Size | 0.43 AC |
| Property Type | Multifamily | Building Size | 31,500 SF |
| Property Subtype | Apartment | No. Stories | 4 |
| Apartment Style | Mid-Rise | Year Built | 1914 |
| Building Class | C | ||
| Zoning | R4-2, Los Angeles | ||
| No. Units | 48 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.43 AC |
| Building Size | 31,500 SF |
| No. Stories | 4 |
| Year Built | 1914 |
| Zoning | R4-2, Los Angeles |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- High Speed Internet Access
- Refrigerator
- Oven
SITE AMENITIES
- Laundry Facilities
- Security System
- Energy Star Labeled
- Laundry Service
- Online Services
- Public Transportation
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $2,396,153 | |
| Land Assessment | $9,584,633 | Total Assessment | $11,980,786 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$9,584,633
Improvements Assessment
$2,396,153
Total Assessment
$11,980,786
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