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

$1,600,000
  • 35 Beds
  • 0 Baths
  • 19,500 Sq.Ft.
For Sale
$1,600,000 Get Pre-Qualified
Map preview of 744 S Carondelet St, Los Angeles, CA 90057

Property Overview: 744 S Carondelet St Los Angeles, CA has 35 bedrooms, -- bathrooms, 19,500 living square feet and 7,502 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: An outstanding opportunity to develop 29 units with NO Parking. Price to sell at $55,000.00 a door. the property will be delivered with entitlement. This 7500 ft.² flat lot is zoned for R-4 TOC TIRE 3 and offers a mix of 6 studios, 11 one-bedroom, and 12 two-bedroom units over six stories. Ideal for section 8, low-income housing, or market rent, the site is conveniently located in a dense neighborhood near transportation and major freeways. Seller may carry for qualified buyer.

Listed by Behrouz Lavi | BRE #01482721 | Keller Williams Realty-Studio City
Last checked: 12 minutes ago | Last updated: February 19th, 2024 | Source CRMLS | DOM: 91
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Home details

Lot Sq. Ft
7,502
HOA Dues
$0/mo
Year built
2023
Garage
--
Property Type:
Apartment
Status
Active
MLS#
SR24015664
City
Los Angeles
County
Los Angeles
Time on Site
112 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 29
  • Total # of Buildings: 1
  • # of Electric Meters: 1
  • # of Gas Meters: 1
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 6
  • # of Beds: 0
  • # of Baths: 0
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $2,132
Unit Breakdown 2
  • # of Units: 12
  • # of Beds: 2
  • # of Baths: 0
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $3,120
Unit Breakdown 3
  • # of Units: 11
  • # of Beds: 1
  • # of Baths: 0
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $2,460
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $0
  • Net Operating Income: $0
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $0
  • Electric: $0
  • Gas/Fuel: $0
  • Trash: $0
  • Insurance: $0
  • Professional Management: $0
  • Water/Sewer: $0

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Property Details for 744 S Carondelet St

Interior Features
Laundry Information
  • Has Laundry
  • Washer Hookup, Washer Included
Interior Features
  • Levels: Multi/Split
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Lot Information
  • Lot Features: 26-30 Units/Acre
  • Lot Size Source: Assessor
  • Common Interest: Planned Development
Property Information
  • Common Walls: No Common Walls
  • Total # of Units: 29
  • Parcel Number: 5141015019
  • Year Built Source: Seller
  • Entry Level: 1
  • Property is not Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Private Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: North of Wilshire Blvd, East of Hover
Neighborhood Information
  • Community Features: Urban
View more facts & features

Local Los Angeles Agent

Sale History for 744 S Carondelet St

Last sold for $1,300,000 on May 25th, 2023

  • January, 2024

  • Jan 29, 2024

    Date

    Active

    CRMLS: SR24015664

    $1,800,000

    Price

  • May, 2023

  • May 25, 2023

    Date

    Sold

    CRMLS: 23237697

    $1,300,000

    Price

  • Feb 1, 2023

    Date

    Active

    CRMLS: 23237697

    $1,375,000

    Price

  • Listing provided courtesy of CRMLS

    Developer's Dream on the Market!!!! Lot 7,500 SF and zoned in R4-1, TOC TIER 3, and Qualified Opportunity Zone with Potential Tax Benefits[Buyer and Buyer's agent are advised to consult with accountant and do own due diligence].Discover endless opportunities at 744 S Carondelet St, a prime vacant lot located in the heart of Los Angeles. With its desirable location between W 7th St and W 8th St on S Carondelet St, this lot presents a rare investment opportunity in one of the city's most vibrant neighborhoods. This lot offers the flexibility to build your dream development in a high-density area with access to major transportation hubs, shopping, dining, and entertainment options. Easy access to the I-10, I-110, and US-101 Freeways. Don't miss out on this exceptional investment opportunity, make 744 S Carondelet St yours today.

  • December, 2022

  • Dec 31, 2022

    Date

    Expired

    CRMLS: 22206029

    $1,395,000

    Price

  • Sep 30, 2022

    Date

    Active

    CRMLS: 22206029

    $1,585,000

    Price

  • Listing provided courtesy of CRMLS

    744 S Carondelet St, an ideal multifamily development opportunity totaling 7,500 SF of vacant land zoned R4-1 in a Tier 3 TOC located between W 7th & W 8th St in the Westlake neighborhood of Los Angeles, a half block from MacArthur Park and walking distance to Alvarado St Opportunity to build 19 units by-right or up to 33 if the TOC benefits are utilized; the property is currently being used as a parking lot At the asking price, the property is being offered for at $186 PSF on the land and low $42,273 price per buildable unit Located in a rapidly gentrifying area illustrated through the influx of new development in the area; the subject property is located in front of a proposed 264-unit apartment project, The Parkview, located at 739 Park View St High Walk Score of 93, close proximity to schools such as Hoover St Elementary, employment in Koreatown, Westlake, and Downtown Los Angeles, and transit options within walking distance along W 8th St Highly desirable rental submarket shown through multifamily rent growth year-over-year; the subject property is centrally located with easy access to the 10, 110, and 101 Freeways, making a commute easy throughout the entire city

  • November, 2006

  • Nov 6, 2006

    Date

    Sold (Public Records)

    Public Records

    $2,055,726

    Price

Show More

Tax History for 744 S Carondelet St

Assessed Value (2020): --
Year Land Value Improved Value Assessed Value
2020 $1,225,063 -- --

Home Value Compared to the Market

This property vs the competition

744 S Carondelet St is listed 28% higher than the median list price for the city of Los Angeles which has a median list price of $1,250,000. The median price per/sqft for Los Angeles is $777 and this home is listed at $82.05 per/sqft which puts the price per square foot 89.44% lower than the median price per square foot for the city of Los Angeles.

About 744 S Carondelet St

Detailed summary of property

744 S Carondelet St is a apartment located in Los Angeles, CA 90057 and is currently for sale. This apartment offers 35 bedrooms, -- bathrooms, roughly 19,500 living square feet, and sits on an approximately 7,502 square foot lot. 744 S Carondelet St was first listed on ArdentRealEstateGroup.com on January 29, 2024. The homeowner is currently asking $1,600,000 and was originally asking $1,800,000. The median priced home in Los Angeles is $1,250,000 with a median price per square foot of $777. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 28% higher than the median priced home. Local competing homes currently for sale include 186 S Mountain View Ave, 155 S Alvarado St and 307 S Burlington Ave. While the average home in Los Angeles, CA is selling in 92 days, 744 S Carondelet St has a days on market of 91 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 744 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 744 S Carondelet St

Public county record property details
Beds
--
Baths
--
Year built
--
Sq. Ft.
--
Lot Size
7,499
Stories
--
Type
Residential-Vacant Land
Pool
No
Spa
No
County
Los Angeles
Lot#
9
APN
5141-015-019

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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