915 S Carondelet St - Apartments FOR SALE
Los Angeles, CA 90006 |
915 S Carondelet St
Los Angeles, CA 90006
HIGHLIGHTS
- Marcus & Millichap is pleased to present 915 S Carondelet St, a 48-unit multifamily investment opportunity in the Westlake neighborhood
- 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
- 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
FOR SALE DETAILS
PRICE
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# OF UNITS
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CAP RATE
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% LEASED
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BUILDING DETAILS
PROPERTY NAME
Carondelet Apartments
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Mid-Rise
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
31500
STORIES
4
YEAR BUILT
1914
PARKING SPACES
-
LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
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APN/PARCEL ID
5136-001-005,5136-001-006
