667 South Carondelet Street
$8,250,000
18
59
28,156
28,156
$293
Description
We are pleased to present Chateau Carondelet at 667 S Carondelet St, a 59-unit multi-family investment opportunity in the Westlake neighborhood of Los Angeles located two blocks west of MacArthur Park between Wilshire Blvd & 7th St and just east of Koreatown. The property features a unit mix of 41 singles and 18 one-bedrooms; many units have high ceilings and exposed brick; renovated units include refinished hardwood floors, updated appliances, tile bathrooms, new cabinetry, ceiling fans, and walk-in...We are pleased to present Chateau Carondelet at 667 S Carondelet St, a 59-unit multi-family investment opportunity in the Westlake neighborhood of Los Angeles located two blocks west of MacArthur Park between Wilshire Blvd & 7th St and just east of Koreatown. The property features a unit mix of 41 singles and 18 one-bedrooms; many units have high ceilings and exposed brick; renovated units include refinished hardwood floors, updated appliances, tile bathrooms, new cabinetry, ceiling fans, and walk-in closets. At the asking price, the property is being offered at a 6.41% CAP rate at 8.99 GRM on current income with an additional 15% rental upside achievable as units turn through continued interior renovations. Enhancements to Chateau Carondelet include professional landscaping and robust security features such as a gated entrance with intercom access and newly installed security cameras. Significant capital expenditures have been made in both the building's infrastructure and communal areas to maintain high standards of living. Additionally, the building is separately metered for electricity, and features a laundry facility that includes three washers and three dryers managed under a lease agreement. High Walk Score of 95, the property is walking distance to the Metro A-E Rail Lines, and Metro Local Lines along Wilshire Blvd & 7th St. This neighborhood of Westlake is ideally located with a short commute to Downtown Los Angeles, Hollywood, and Koreatown. Proximity to MacArthur Park, Echo Park, Dodger Stadium, and The Broad Museum.
- Listed by Neema Ahadian • DRE #01346750 • Brokerage DRE #01238010 • 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 Rate1
Lot Size Area13116
LISTING UPDATED: 12/18/2024 11:07 AM
Property Details for 667 South Carondelet Street
Status | Active |
---|---|
MLS # | 24-473385 |
Days on Market | 5 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | - |
Lot Size | 0.30 AC / 13,116 SF |
County | Los Angeles County |
Building
Building Information for 667 South Carondelet Street
Stories4Residences-Year Built-Building Size-Lot Size0.30 AC / 13,116 SF
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$7,964,804Additions$1,085,557Total$9,050,361
Tax Record2024$112,127 ($9,344 / 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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