Est. cap rate

2.8%

Assumed rent, all units

$9,240/mo

Units

4

Price per unit

$498,750

Est. annual NOI

$55,440

Expense assumption

50%

Estimates only, based on HUD Fair Market Rents (a conservative 40th percentile floor) and a standard 50% operating expense assumption. Not a guarantee of income or value. Ask Alex for a pro forma using comparable rent data.

Run your own numbers

Adjust the assumptions to see cash flow and cash on cash return.

Illustration only, using a 30 year loan and your assumptions above. Not a loan offer, financial advice, or a guarantee. Confirm financing and actual rents independently.

Property details

Type

Quadruplex

Bedrooms

4

Building size

5,010 sqft

Lot size

6,749 sqft

Year built

2017

Stories

2

Garage spaces

4

Heating

Central

Cooling

Central Air

Pool

None

Status

Active

Days on market

3

MLS #

248338029

About this property

An exceptional opportunity to own a 2017-built four-unit property in the heart of Los Angeles. Located at 136–138½ North Carondelet Street, this property offers a desirable mix of larger residences: one 2-bedroom, 2-bath unit; two 3-bedroom, 2-bath units; and one 4-bedroom, 3-bath unit—for a combined 12 bedrooms and 9 bathrooms. The varied unit mix provides versatility for investors seeking a multifamily asset with broad rental appeal. Indoor laundry adds everyday convenience, while eight off-street parking spaces, including four garage spaces, provide a valuable advantage in this urban setting. Built in 2017 and offered as exempt from the City of Los Angeles Rent Stabilization Ordinance, subject to buyer verification, the property combines newer construction with an appealing ownership opportunity. Enjoy a central location near Silver Lake and Downtown Los Angeles, with access to the dining, shopping, nightlife, and entertainment that make Los Angeles a world-class destination. From neighborhood cafés and cultural attractions to evenings on the Sunset Strip, residents are well positioned to experience the city’s diverse offerings. With its substantial bedroom count, versatile unit mix, indoor laundry, generous parking, and central location, this fourplex presents a compelling opportunity to establish or expand a Los Angeles real estate portfolio.

Location

136 N Carondelet

Los Angeles, Los Angeles, CA, 90026