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.
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DAYS ON MARKET
|
39
|
LAST UPDATED
|
5/6/2024
|
|
YEAR BUILT
|
1917
|
COMMUNITY
|
Downtown L.A.
|
|
COUNTY
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Los Angeles
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STATUS
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Active
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PROPERTY TYPE(S)
|
Residential Income
|
|
|
| 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 |
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Listed with Marcus & Millichap
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of 5/19/24 9:55 PM PDT and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
This IDX solution is (c) Diverse Solutions 2024.
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