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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 | $1,752,253 | |
| Land Assessment | $7,009,026 | Total Assessment | $8,761,279 |
Property Taxes
Parcel Numbers
Land Assessment
$7,009,026
Improvements Assessment
$1,752,253
Total Assessment
$8,761,279
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