Listed by Remax Commercial and Investment
$2,300,000
14 Units in Westlake
Details
APN 5141-025-007
Property Type Multifamily
Sub Type Apartment Building
Square Footage 9,352
Units 14
Cap Rate 5.46%
NOI $125,538
Price per SqFt $246
Year Built 1957
Buildings 1
Stories 2
Lot Size (SqFt) 7,465
Zoning LAR4
Multifamily | 14 Units | $164,286/unit
Marketing description
827 S. Carondelet Street, an incredible multifamily asset in the Westlake / Echo Park neighborhood of Los Angeles. This property features fourteen spacious two-bedroom, one-bedroom, and single units across 9,352 gross square feet on a 7,465 square-foot LAR4 zoned lot. Originally constructed in 1957, this building has been well maintained by the current ownership and is in the process of completing the earthquake retrofit work.
Investment highlights
Major Value Add Opportunity
Zoned LAR4 for redevelopment potential
Fantastic Westlake location, just blocks from Wilshire Blvd
Listing Contacts
Listed by Remax Commercial and Investment
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$125,538.00
$10,461.50/mo
Valuation Metrics
0
DSCR
5.46%
Cap Rate
5.46%
ROI
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