Log In/Sign Up
Your email has been sent.
14 Units in Echo Park at $164,285/door! 827 S Carondelet St 14 Unit Apartment Building $2,300,000 ($164,286/Unit) 5.46% Cap Rate Los Angeles, CA 90057
INVESTMENT HIGHLIGHTS
- Major Value Add Opportunity
- Zoned LAR4 for redevelopment potential
- Fantastic Westlake location, just blocks from Wilshire Blvd
EXECUTIVE SUMMARY
The Taksa Investment Group of RE/MAX Commercial & Investment Realty is pleased to propose the sale of 827 S. Carondelet Street, an incredible multifamily asset in the Westlake / Echo Park neighborhood of Los Angeles. This property features fourteen spacious two-bedroom, one-bedroom, and single units across 9,352 gross square feet on a 7,465 square-foot LAR4 zoned lot. Originally constructed in 1957, this building has been well maintained by the current ownership and is in the process of completing the earthquake retrofit work.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $2,300,000 | Building Class | C |
| Price Per Unit | $164,286 | Lot Size | 0.17 AC |
| Sale Type | Investment | Building Size | 9,352 SF |
| Cap Rate | 5.46% | Average Occupancy | 100% |
| Gross Rent Multiplier | 11.8 | No. Stories | 2 |
| No. Units | 14 | Year Built | 1957 |
| Property Type | Multifamily | Parking Ratio | 0.14/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise | ||
| Zoning | R4, Los Angeles | ||
| Price | $2,300,000 |
| Price Per Unit | $164,286 |
| Sale Type | Investment |
| Cap Rate | 5.46% |
| Gross Rent Multiplier | 11.8 |
| No. Units | 14 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 9,352 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1957 |
| Parking Ratio | 0.14/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | R4, Los Angeles |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Oven
- Tub/Shower
- Pantry
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Public Transportation
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 4 | - | - |
| 1+1 | 9 | - | - |
| 2+1 | 1 | - | - |
1 1
Walk Score®
Walker's Paradise (96)
Transit Score®
Excellent Transit (84)
Bike Score®
Very Bikeable (78)
PROPERTY TAXES
| Parcel Number | 5141-025-007 | Total Assessment | $1,372,956 (2025) |
| Land Assessment | $823,773 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $549,183 (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
5141-025-007
Land Assessment
$823,773 (2025)
Improvements Assessment
$549,183 (2025)
Total Assessment
$1,372,956 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
1 of 9
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
14 Units in Echo Park at $164,285/door! | 827 S Carondelet St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.