667 South Carondelet Street
667 South Carondelet Street
$8,785,000
17
59
28,156
28,156
$312
Description
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...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.
- Listed by Neema Ahadian • DRE #01346750 • Brokerage DRE #01240999 • Marcus & Millichap
Property Details for 667 South Carondelet Street
Zoning
LAR4
Parcel Number5141007002
Total Units59.0
Living Area28156
Source Living AreaVendor Enhanced
AreaDowntown L.A. (C42)
Vacancy Rate6%
Lot Size Area13121
Location
LISTING UPDATED: 05/06/2024 11:14 AM
Property Details for 667 South Carondelet Street
Status | Active |
---|---|
MLS # | 24-387265 |
Days on Market | 63 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | - |
Lot Size | 0.30 AC / 13,121 SF |
County | Los Angeles County |
Building
Location
Building Information for 667 South Carondelet Street
Stories4Residences-Year Built-Building Size-Lot Size0.30 AC / 13,121 SF
Payment Calculator
$57,108 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 667 South Carondelet Street
Property History for 667 South Carondelet Street
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 667 South Carondelet Street
Taxable ValueLand$7,808,632Additions$1,064,586Total$8,873,218
Tax Record2023$109,979 ($9,165 / month)
Home Facts
Total Finished SqFt28,156 SqFtAbove Grade Finished SqFt28,156 SqFtLot Size13,117 SqFtStyleMulti-Family Res (5+ Units)Year Built1917ZoningLAR4CountyLOS ANGELESAPN5141-007-002
Schools near 667 South Carondelet Street
This home is within Los Angeles Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Public - | 9 to 12 |
Rating | School | Distance |
---|---|---|
Hoover Street Elementary School PublicK to 5 | ||
Berendo Middle School Public6 to 8 | ||
Academic Leadership Community School Public9 to 12 | ||
Contreras Learning Center-School Of Social Justice Public9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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