667 S Carondelet Street, Los Angeles, CA 90057 (MLS # 24387265)

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PRICE $8,785,000 dsIDX morgage calculator
BEDS 17
BATHS 59
HOME SIZE 28,156 sqft
LOT SIZE 13,121 sqft

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.

DAYS ON MARKET 75 LAST UPDATED 5/6/2024
YEAR BUILT 1917 COMMUNITY Downtown L.A.
COUNTY Los Angeles STATUS Active
PROPERTY TYPE(S) Residential Income


ADDITIONAL DETAILS
AIR None
AREA Downtown L.A.
BUYER'S BROKERAGE COMPENSATION 1.500 %
GARAGE None
HEAT None
LOT 0.3 acre(s)
PARKING None
ZONING LAR4
MORTGAGE CALCULATOR
   

TOTAL MONTHLY PAYMENT

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Listed with Marcus & Millichap

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