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 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.
Property Type
Residential IncomeCounty
Los AngelesStyle
Residential IncomeAD ID
48128358
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Property Details
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Interior Features
Bedroom Information
- Total Bedrooms : 18
Bathroom Information
- Total Baths: 59
- Full Baths: 0
- Half Baths: 0
Cooling Features
- None
- Air Conditioning
Heating Source
- None
- Has Heating
-
Exterior Features
Building Information
- Year Built: 1917
- Building Area Total: 28,156
-
Property / Lot Details
Lot Details
- Lot Dimensions Source: Vendor Enhanced
- Lot Size Acres: 0.3011
- Lot Size Source: Assessor
- Lot Size Square Feet: 13116
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Listing Information
Listing Price Information
- Original List Price: 8,250,000
- Listing Contract Date: 2024-12-16
Lease Information
- Listing Agreement: Exclusive Right To Sell
-
Taxes / Assessments
Tax Information
- Parcel Number: 5141007002
-
Virtual Tour, Parking, Multi-Unit Information & Homeowners Association
Garage and Parking
- Garage Description: None
Homeowners Association
Rental Info
- Lease Term: Negotiable
-
School, Utilities & Location Details
Other Property Info
- Source Listing Status: Active
- Source Neighborhood: C42 - Downtown L.A.
- Directions: Between Wilshire Blvd & W 7th St
- Zoning: LAR4
- Source Property Type: Residential Income
- Area: C42 - Downtown L.A.
Building and Construction
- Property Age: 107
- Year Built Source: Vendor Enhanced
- Total Square Feet Living: 28156
- Levels or Stories: Three Or More
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BuyOwner last updated this listing 12/25/2024 @ 02:54
- MLS: 24473385
- LISTING PROVIDED COURTESY OF: ,
- SOURCE: CRMLS
is a Home, with 18 bedrooms which is for sale, it has 28,156 sqft, 13,116 sized lot, and 0 parking. A comparable Home, has bedrooms and baths, it was built in and is located at and for sale by its owner at . This home is located in the city of Los Angeles , in zip code 90057, this Los Angeles County Home are nearby neighborhoods.