224 S Carondelet Street, Los Angeles, CA 90057 | MLS 15939749 | Listing Information | Real Living Pacific Realty | Real Living Real Estate
Real Living Pacific Realty
800-660-9140

224 S Carondelet Street,  Los Angeles CA, 90057

5,997 sqft
Status: Sold
MLS#: 15939749
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Real Living Pacific Realty
800-660-9140

Listing Provided Courtesy Of: Ricardo Dantas
Last Updated: 12/9/2016 2:37 AM
Description for 224 S Carondelet Street Los Angeles, CA 90057
We are pleased to offer the opportunity to acquire this very solid 6 unit apartment building. Very good mix of 1's, 2's and 3 bedrooms units, see setup and rent roll herewith. The seller is a hands-on contractor and has maintained the systems and backbone of the property very proactively. Four out of six of the units have been fully renovated (see rent roll attached for details). All units are individually metered for gas and electric. The two rear units have individual water heaters. The four front units have a master water heater. There are 5 garages and a sixth open parking space so all units have parking. Renovations include tile kitchens/bath, new cabinets, wood vynil floors, windows, and many more upgrages. Principals may contact listing broker for further details and extra pictures. The new investor can realize a 4% cash-on-cash return with this investment, and still have room for the rental upside of 32%.
Price
Sold Price:
$1,031,000
Sold Date:10/23/2015
Los Angeles
5,997 (approx)
15939749
Closed
Description
We are pleased to offer the opportunity to acquire this very solid 6 unit apartment building. Very good mix of 1's, 2's and 3 bedrooms units, see setup and rent roll herewith. The seller is a hands-on contractor and has maintained the systems and backbone of the property very proactively. Four out of six of the units have been fully renovated (see rent roll attached for details). All units are individually metered for gas and electric. The two rear units have individual water heaters. The four front units have a master water heater. There are 5 garages and a sixth open parking space so all units have parking. Renovations include tile kitchens/bath, new cabinets, wood vynil floors, windows, and many more upgrages. Principals may contact listing broker for further details and extra pictures. The new investor can realize a 4% cash-on-cash return with this investment, and still have room for the rental upside of 32%.
Listing Information
Property Type: Cluster, Other
0.18 Acres 5,997 (approx) $171.92
1926 Yes- 5 spaces Stucco, Frame
Concrete Block
Common Hot Water Heater
6 Total
Neighborhood
Room Information
Walk-In Closet
Common
Interior Features
Garbage Disposal, Range/Oven Built-in
Laminate
Exterior / Lot Features
5 Garage Spaces, 5 Parking Spaces
Stucco, Frame
LAR3
Driving Directions
From 3rd street turn north on Carondelet. Building will be on the right side.
Financial Considerations
5154014015
$86,064 Income ,$25,169Expense
Listing Price History

Los Angeles Real Estate

Los Angeles is located in California. Los Angeles, California 90057 has a population of 3,804,503.

The median household income in Los Angeles, California 90057 is $49,745. The median household income for the surrounding county is $56,241 compared to the national median of $53,046. The median age of people living in Los Angeles 90057 is 34.1 years.

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Courtesy: Ricardo Dantas Ricardo Dantas
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