667 S Carondelet Street Los Angeles, CA 90057
ChateauCarondelet at 667 S Carondelet St, a 59-unitmultifamily investment opportunity in the Westlakeneighborhood of Los Angeles located two blockswest of MacArthur Park between Wilshire Blvd &7th St and just east of Koreatown. The property features a unit mix of 41 singlesand 18 one-bedrooms; four singles are currentlyvacant; many units have high ceilings and exposedbrick; renovated units include refinished hardwoodfloors, updated appliances, tile bathrooms, newcabinetry, ceiling fans, and walk-in closets. At the asking price, the property is being offered ata 5.94% CAP rate at 9.86 GRM on current incomewith an additional 15% rental upside achievable asunits turn through continued interior renovations.The property has professional landscaping and asecured, gated entrance with intercom access and newsecurity cameras; significant cap ex has been investedby ownership into the systems and common areas. The building is separately metered for electricity andhas an on-site laundry room with three washers andthree dryers (lease with Wash). High Walk Score of 95, the property close proximity to the Metro A-E Rail Lines, and Metro Local Linesalong Wilshire Blvd & 7th St. This neighborhood of Westlake is ideally located with ashort commute to Downtown Los Angeles, Hollywood, and Koreatown. Proximity to MacArthur Park, EchoPark, Doger Stadium, and The Broad Museum.
- Property TypeMulti-Family
- NeighborhoodN/A
- CountyLos Angeles
- Taxes$0
- HOA/Condo/Coop Fees$0
- Days on Site34 Days
- MLS StatusActive
- MLS ID Number24387265
- Home Size Source N/A
- Year Built1917
- Lot Size0.3012 Acres
- Full BathsN/A
- Partial BathsN/A
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General Features
- Parking None
- Parking Spaces 0
- Number of Stories Multi/Split0
- Acreage 0.3012
- Zoning LAR4
- Listing Conditions Standard
Interior Features
- Cooling None
- Heating None
Community Features
- Senior Community No
- MLS Area C42 - Downtown L.A.