Silva Babaian  Realtor, Real Estate Agent, Granada Hills, CA

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    915 Carondelet Street, Los Angeles, CA 90006
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    915 Carondelet Street
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    • MLS#: 25477465 ( )
    • Street Address: 915 Carondelet Street
    • Viewed: 16
    • Price: $7,000,000
    • Price sqft: $0
    • Waterfront: No
    • Year Built: 1914
    • Bldg sqft: 0
    • Days On Market: 108
    • Additional Information
    • County: LOS ANGELES
    • City: Los Angeles
    • Zipcode: 90006
    • Provided by: Marcus & Millichap
    • Contact: Neema Neema
    • California Regional MLS IDX
    • DMCA Notice
    • 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.
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    Features
    Building Area Total
    1. 31500.00
    Cooling
    1. None
    Country
    1. US
    Heating
    1. None
    Levels
    1. Three Or More
    Netoperatingincome
    1. 394990.00
    Parcel Number
    1. 5136001005
    Parking Features
    1. None
    Sourcesystemkey
    1. 25-477465:CLAW
    Totalexpenses
    1. 342857.00
    Views
    1. 16
    Year Built
    1. 1914
    Zoning
    1. LAR4
    Headshot for Associate Silva Babaian
    1. Silva Babaian / Realtor
    2. Coldwell Banker Exclusive
    3. CalBRE Lic # 01365805
    4. Mobile: 818.414.6744
    5. Fax: 818.338.5836