$8,785,000
667 Carondelet Street, Los Angeles 90057
1
Bed
2
Baths
28,156
Square feet
13,121
Lot Size
59
# Of Units
Listing Agent
Neema Ahadian - Marcus & MillichapChateauCarondelet 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.
Facts & Features
MLS® # | 24387265 |
---|---|
Price | $8,785,000 |
Bedrooms | 1 |
Bathrooms | 2.00 |
Square Footage | 28,156 |
Lot Size | 13,121 |
Year Built | 1917 |
Type | Residential Income |
Status | Active |
# Of Units | 59 |
Community Information
Address | 667 Carondelet Street |
---|---|
Area | C42 - Downtown L.A. |
City | Los Angeles |
County | Los Angeles |
Zip Code | 90057 |
Amenities
Parking | None |
---|---|
Garages | None |
Is Waterfront | No |
Has Pool | No |
Interior
Heating | None |
---|---|
Cooling | None |
Has Basement | No |
Fireplace | No |
Stories | Multi/Split |
Additional Information
Date Listed | April 11th, 2024 |
---|---|
Days on Market | 38 |
Zoning | LAR4 |
Foreclosure | No |
Short Sale | No |
RE / Bank Owned | No |
Listing Details
Agent | Neema Ahadian |
---|---|
Office | Marcus & Millichap |