826 S Carondelet St, Los Angeles, CA 90057

826 S. Carondelet is a 2-story building in the Mid Wilshire neighborhood of Los Angeles. Built in 1922, the property consists of wood frame & stucco construction, which is quite rare for buildings in this era. The unit mix consists of 20 units with 16 singles and 4 One-Bed One-Bath units. The building is separately metered for gas and electricity. The property has a completely new roof, new common area paint and flooring, new security camera system, new intercom system, and new improvements to the outside landscaping. The surrounding area offers plenty of street parking. With current rents in place, there is approximately 22% rental upside with additional income coming from the onsite laundry room.