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Multifamily

827 S Carondelet St

827 S Carondelet St, Los Angeles, CA 90057

Listing Price: $3,000,000

Cap Rate
3.20%
Number of Units
14
Price/Unit
$214,286
Price/Gross SF
$320.79
Gross SF
9,352

Investment Overview

887 S Carondelet is a 14-unit value-add investment opportunity located in the MacArthur Park just south of the intersection between W 8th Street and S Hoover St, providing easy access to both Koreatown and Downtown Los Angeles. The subject property totals 9,352 SF featuring a unit mix that includes six singles, seven one-bedrooms and one two-bedroom with six parking spaces. The majority of rents are currently under market, providing a true value-add opportunity to capture the 44% rental upside through an interior renovation program when units turn. The location boast a high Walk Score of 96, close proximity to schools, employment, restaurants, entertainment and transit options. This ideal location makes it convenient for residents to commute throughout the city with or without a vehicle. MacArthur Park remains an attractive area to invest in as the rental market continues to thrive as it is the center of high growth neighborhoods such as Pico-Union, Koreatown, Echo Park, and Downtown Los Angeles.

Investment Highlights

  • A 14-unit true value-add investment opportunity located in MacArthur Park just next to Koreatown
  • The subject property totals 9,352 SF featuring a unit mix that includes six singles, seven one bedrooms and one two-bedroom with six parking spaces
  • The majority of rents are currently under market, providing a true value-add opportunity to capture the 44% rental upside through an interior renovation program when units turn
  • High Walk Score of 96, close proximity to schools, employment, and transit options, this location makes it convenient for residents to commute
  • MacArthur Park remains an attractive area to invest in as the rental market continues to thrive

Exclusively Listed By

Financing By

Multifamily

827 S Carondelet St

Listing Price: $3,000,000

Cap Rate
3.20%
Number of Units
14
Price/Unit
$214,286
Price/Gross SF
$320.79
Gross SF
9,352

Investment Highlights

  • A 14-unit true value-add investment opportunity located in MacArthur Park just next to Koreatown
  • The subject property totals 9,352 SF featuring a unit mix that includes six singles, seven one bedrooms and one two-bedroom with six parking spaces
  • The majority of rents are currently under market, providing a true value-add opportunity to capture the 44% rental upside through an interior renovation program when units turn
  • High Walk Score of 96, close proximity to schools, employment, and transit options, this location makes it convenient for residents to commute
  • MacArthur Park remains an attractive area to invest in as the rental market continues to thrive

Investment Overview

887 S Carondelet is a 14-unit value-add investment opportunity located in the MacArthur Park just south of the intersection between W 8th Street and S Hoover St, providing easy access to both Koreatown and Downtown Los Angeles. The subject property totals 9,352 SF featuring a unit mix that includes six singles, seven one-bedrooms and one two-bedroom with six parking spaces. The majority of rents are currently under market, providing a true value-add opportunity to capture the 44% rental upside through an interior renovation program when units turn. The location boast a high Walk Score of 96, close proximity to schools, employment, restaurants, entertainment and transit options. This ideal location makes it convenient for residents to commute throughout the city with or without a vehicle. MacArthur Park remains an attractive area to invest in as the rental market continues to thrive as it is the center of high growth neighborhoods such as Pico-Union, Koreatown, Echo Park, and Downtown Los Angeles.

Exclusively Listed By

Financing By

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