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511 Carondelet Street, Los Angeles, CA 90057
Priced at Only: $7,750,000
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Address: 511 Carondelet Street, Los Angeles, CA 90057
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  • MLS#: 26640807 ( )
  • Street Address: 511 Carondelet Street
  • Viewed: 1
  • Price: $7,750,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1991
  • Bldg sqft: 0
  • Days On Market: 36
  • Additional Information
  • County: LOS ANGELES
  • City: Los Angeles
  • Zipcode: 90057
  • Provided by: Lyon Stahl Investment Real Estate, Inc.
  • Contact: Taylor Taylor
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    511 S Carondelet St | 29 Unit Non RSO Multifamily in Central Los Angeles. Built in 1991 on a 11,674 SF LAR4 lot with 27,284 SF of improvements, this well positioned asset features a strong unit mix of (4) studios, (17) 1 bed/1 bath, and (8) 2 bed/2 bath units plus 48 on site parking spaces. The property is not subject to rent control (Non RSO) and offers clear value add upside through lease up of two vacant units and mark to market rent growth across the rent roll. Offered at $7,750,000 ($267,241/unit | $284/SF) with a 6.04% in place cap rate and 7.33% pro forma cap rate, supported by additional income from parking, laundry, and fees.
Features
Appliances
  1. Dishwasher
  2. Microwave
Building Area Total
  1. 26000.00
Cooling
  1. Central Air
Country
  1. US
Heating
  1. Central
Levels
  1. Multi/Split
Netoperatingincome
  1. 468178.40
Parcel Number
  1. 5155029002
Parking Features
  1. Controlled Entrance
  2. Garage
Sourcesystemkey
  1. 26640807:CLAW
Totalexpenses
  1. 242342.00
Year Built
  1. 1991
Zoning
  1. LAR4
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Headshot for Associate Xavier Gomez
  1. Xavier Gomez, BrkrAssc,CDPE
  2. RE/MAX College Park Realty
  3. BRE 01736488
  4. Fax: 714.975.9953
  5. Mobile: 714.478.6676
  6. salesbyxavier@gmail.com
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