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236 N Carondelet St

Los Angeles, CA 90026
  • $1,150,000
  • STATUS: Active
  • ON SITE: 15 Days
  • ID#: 21-792632
UPDATED: 44 min ago
$1,150,000
  • 9
    BEDS
  • 0.18
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 4,189
    SQFT
  • $275
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1910
County:

School Ratings & Info

Description

Welcome to the Heart of Historic Filipinotown, a cultural hub in Los Angeles near Echo Park. The greater Echo Park area is one of the most diverse, upcoming, and rapidly expanding neighborhoods in all of Southern California, offering accessibility to happening cafes, bars, and restaurants. Historic Filipinotown, or Hi-Fi, is centrally located in Los Angeles, with easy access to Downtown, Hollywood, West Hollywood, Silver Lake, and Los Feliz. This four-unit investment property is perfect for a traditional value-add investor or an owner-user who can live in the vacant two-bed unit. This income property has over 65% upside in current rents, a great unit mix of majority two-bed one bath units, and an average unit size of over one thousand square feet. A savvy investor will capitalize on the passive income and neighborhoods rent growth for years to come, put their personal touches on the building, and could nearly double the value of the investment property when it is stabilized. 236 N Carondelet St represents a unique opportunity to acquire a property in a rapidly growing neighborhood at a low price point.

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-10-23T07:42:36.023. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
www.theparsonsrealestateteam.com/homes/122176807
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236 N Carondelet St Los Angeles, CA 90026

  • Price: $1,150,000
  • Status: Active
  • Updated: 44 min ago
  • ID#: 21-792632
9
Beds
0
Baths
0
½ Baths
0.18
Acres
4,189
SQFT
$275
$/SQFT
1910
Built
Neighborhood:
Silver Lake - Echo Park
County:
Los Angeles
Area:
Silver Lake - Echo Park
Property Description
Welcome to the Heart of Historic Filipinotown, a cultural hub in Los Angeles near Echo Park. The greater Echo Park area is one of the most diverse, upcoming, and rapidly expanding neighborhoods in all of Southern California, offering accessibility to happening cafes, bars, and restaurants. Historic Filipinotown, or Hi-Fi, is centrally located in Los Angeles, with easy access to Downtown, Hollywood, West Hollywood, Silver Lake, and Los Feliz. This four-unit investment property is perfect for a traditional value-add investor or an owner-user who can live in the vacant two-bed unit. This income property has over 65% upside in current rents, a great unit mix of majority two-bed one bath units, and an average unit size of over one thousand square feet. A savvy investor will capitalize on the passive income and neighborhoods rent growth for years to come, put their personal touches on the building, and could nearly double the value of the investment property when it is stabilized. 236 N Carondelet St represents a unique opportunity to acquire a property in a rapidly growing neighborhood at a low price point.
Exterior Features

Lot Size Area 7706 Other Structures None Parking Garage Driveway Total Parking 6

Interior Features

Baths Total 4.00 Cooling Air Conditioning Equipment RefrigeratorRange/OvenMicrowaveDishwasher Heating Wall

Property Features

Assessed Total Value 273615 Gross Income 68592 Gross Operating Income 68592 Like Units1 1 Like Units2 1 Like Units3 1 Like Units4 1 Net Operating Income 42934.00 Number Of Buildings 2 Number Of Units 4 Owner Pays WaterGardener Sale Type Standard Source Living Area Appraiser Source Lot Size Area Appraiser Tenant Pays ElectricityGas Total Annual Expense 23600 Type Of Units Apartment Year Built Source Vendor Enhanced Zoning Lard1.5

Listing provided courtesy of Kamfar Kyle Mirrafati DRE#01911204 of Matthews Real Estate Investment Services.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-10-23T07:42:36.023. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
 
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