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915 S Carondelet Street

Los Angeles, CA 90006

– beds
– baths
– sqft
~1/2 acre lot
1914 build
– on site

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.

Listed By CRMLS_CA / Neema Ahadian / Marcus & Millichap

Last checked: Checking… • Last updated Jan 8, 2025 •

MLS# 25477465 —

The Building

Year Built:

1914
New Construction:

No
Building Area Total:

31500.00
Total Number Of Units:

48
# of Buildings:

1
Stories Total:

4

Interior

Levels:

Three Or More

Location

Directions:

Just east of S Hoover St
Latitude:

34.05486700
Longitude:

-118.28362200

The Property

Property Type:

Residential Income
Zoning:

LAR4
Lot Size Area:

18720.0000
Lot Size Acres:

0.4298
Lot Size SqFt:

18720.00
Lot Size Source:

Assessor

Listing Agent

Contact info:

The Listing

Special Listing Conditions:

Standard
Parcel Number:

5136001005

Heating & Cooling

Heating:

None
Cooling:

No
Cooling:

None

Appliances

Included:

Yes

The Community

Association:

No
Senior Community:

No
Assessments:

No

Parking

Parking:

No
Parking:

None
Parking Spaces:

18.00

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Max Internet Speed

Spectrum

Provided by BroadbandNow®

Sale history

Date	Event	Source	Price	% Change
1/7/25 Jan 7, 2025	Listed / Active	CRMLS_CA	$7,000,000

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This multifamily located in Central LA, Los Angeles, CA 90006 is currently for sale for $7,000,000. 915 S Carondelet Street is a – square foot multifamily with – beds and – baths that has been on Estately for 10 days. 915 S Carondelet Street is in the Central LA neighborhood of Los Angeles and has a WalkScore® of 94, making it a walker’s paradise. This multifamily is in the attendance area of Berendo Middle School, Miguel Contreras Learning Complex - Los Angeles School Of Global Studies, Edward R. Roybal Learning Center, Miguel Contreras Learning Complex - Business And Tourism, Belmont Senior High School, Hoover Street Elementary School, Miguel Contreras Learning Complex - School Of Social Justice, Miguel Contreras Learning Complex - Acdemic Ldrshp Community, and Ramon C Cortines School Of Visual And Performing Arts.

Listing Courtesy of: CRMLS_CA and Marcus & Millichap. Based on information from California Regional Multiple Listing Service, Inc. as of 11:25 on Jan 17.

This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.