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115 S Carondelet St, Los Angeles, CA 90057
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115 S Carondelet St Los Angeles, CA 90057

$3,800,000 Sold Price as of 04/01/2021
  • 27 Beds
  • 16 Baths
  • 14,233 Sq.Ft.
Sold
$3,800,000 Sold Price as of 04/01/2021 Refinance Your Mortgage
Map preview of 115 S Carondelet St, Los Angeles, CA 90057

Property Overview: 115 S Carondelet St Los Angeles, CA has 27 bedrooms, 16 bathrooms, 14,233 living square feet and 17,294 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: PRICE REDUCED $500,000 !! Well maintained, 16 units located in and high-rental demand area of central Los Angeles.? Eleven 2-bedroom, 1-bath units; five 1-bedroom 1-bath on a large 17,294 square foot lot.? Great commuter location.? 16 parking places, security gate and on-site laundry.? This property is also offered as part of seven building portfolio (see attached Offering Memorandum).? Shown on accepted offers only.? Please do not disturb the tenants.?

Listed by DANIEL CORCORAN | BRE #00451125 | Corcoran Group of California Inc.
Last checked: 9 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 166

Home details

Lot Sq. Ft
17,294
HOA Dues
$0/mo
Year built
1954
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
EV20177115
City
Los Angeles
County
Los Angeles
Time on Site
1223 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 16
  • Total # of Buildings: 2
  • # of Leased Units: 14
  • # of Electric Meters: 17
  • # of Gas Meters: 17
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 5
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $64,067
  • Total Rent: $236,983
  • Pro Forma/Market Rent: $259,200
Unit Breakdown 2
  • # of Units: 11
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $185,818
  • Total Rent: $64,067
  • Pro Forma/Market Rent: $75,000
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 5%
  • Gross Rent Multiplier: 14.06
  • Gross Scheduled Income: $302,206
  • Net Operating Income: $203,157
  • Gross Operating Income: $293,140
  • Vacancy Allowance: $9,066
  • Laundry Income: $1,200
Annual Expense Breakdown
  • Total Operating Expense: $89,983
  • Electric: $25,460
  • Gas/Fuel: $0
  • Licenses: $1,151
  • New Taxes: $32,074
  • Trash: $2,643
  • Gardener: $805
  • Insurance: $11,885
  • Maintenance: $18,974
  • Professional Management: $0
  • Water/Sewer: $0
  • Other Expenses: $984
  • Other Expense Description: Laundry

Property Details for 115 S Carondelet St

Interior Features
Laundry Information
  • Has Laundry
  • Common Area
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Lot Information
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Source: See Remarks
  • Common Interest: None
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 16
  • Parcel Number: 5155035012
  • Year Built Source: Public Records
  • Property is Attached
  • Has Additional Parcels
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Assessment Information
  • Has Assessments
  • Assessments: Special Assessments, Buyer to Verify
Location / Neighborhood
Location Information
  • Other Subdivision Name: 5368
  • Directions: 101 Freeway, off Beverly Blvd, between S Rampart Blvd and S Alvarado St
Neighborhood Information
  • Community Features: Gutters, Street Lights
View more facts & features

Local Los Angeles Agent

Sale History for 115 S Carondelet St

Last sold for $3,800,000 on April 1st, 2021

  • April, 2021

  • Apr 4, 2021

    Date

    Sold

    CRMLS: EV20177115

    $3,800,000

    Price

  • Feb 14, 2021

    Date

    Pending

    CRMLS: EV20177115

    $4,250,000

    Price

  • Nov 29, 2020

    Date

    Price Change

    CRMLS: EV20177115

    $4,250,000

    Price

  • Oct 5, 2020

    Date

    Price Change

    CRMLS: EV20177115

    $4,500,000

    Price

  • Aug 30, 2020

    Date

    Active

    CRMLS: EV20177115

    $4,999,000

    Price

  • December, 2013

  • Dec 27, 2013

    Date

    Sold (Public Records)

    Public Records

    $2,327,523

    Price

  • December, 2007

  • Dec 28, 2007

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 115 S Carondelet St

Assessed Value (2020): $963,562
Year Land Value Improved Value Assessed Value
2020 $736,986 $226,576 $963,562

Home Value Compared to the Market

This property vs the competition

115 S Carondelet St sold on April 1, 2021 for 257.14% higher than the current median sold price for the city of Los Angeles which is $1,190,000. The median sold price per/sqft for Los Angeles is $755 and this home is sold at $298.6 per/sqft which puts the price per square foot 60.45% lower than the current median sale per square foot for the city of Los Angeles.

About 115 S Carondelet St

Detailed summary of property

115 S Carondelet St is a multi family that recently sold in Los Angeles, CA 90057. This multi family property offered 27 bedrooms, 16 bathrooms, roughly 14,233 living square feet, and sits on an approximately 17,294 square foot lot. 115 S Carondelet St was first listed on ArdentRealEstateGroup.com on January 13, 2021. The homeowner sold the property for $3,800,000. Home in Los Angeles are selling for a median price of $1,190,000 and a median price per square foot of $755. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 257.14% higher than the current median priced home. Local homes that are currently for sale include 639 N Alexandria Ave, 927 S Ardmore Ave and 933 N Mariposa Ave. While the average home in Los Angeles, CA is selling in 92 days, 115 S Carondelet St has a days on market of 166 days. There are currently 3712 homes for sale in the Los Angeles real estate market and 2493 of them are single family homes while 1120 of them are condos and 93 are townhomes. For more information on this home for sale at 115 S Carondelet St Los Angeles, CA 90057 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 115 S Carondelet St

Public county record property details
Beds
10
Baths
6
Year built
1954
Sq. Ft.
5,553
Lot Size
8,646
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
3
APN
5155-035-012

The source for these homes facts are from public records.

90057 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$590,000
Median List Price/Sq.Ft.
$538
Median Sold Price
$365,000
Median Sold Price/Sq.Ft.
$773
Total Inventory
12
Median Sale to List Price %
104.58%
Avg Days on Market
15
Loan Type
Conventional (0%), FHA (0%), VA (0%), Cash (0%), Other (0%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. 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.

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