667 S Carondelet | Los Angeles, CA 90057
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667 S Carondelet
Los Angeles, CA 90057
Chateau Carondelet · Multifamily Property For Sale
·
59 Units
INVESTMENT HIGHLIGHTS
- Marcus & Millichap is pleased to present Chateau Carondelet at 667 S Carondelet St, a 59-unit multi-family investment opportunity in Westlake
- The property features a unit mix of 41 singles and 18 one bedrooms
- The building is separately metered for electricity and has an on-site laundry room with three washers and three dryers
- Located two blocks west of MacArthur Park between Wilshire Blvd & 7th St and just east of Koreatown
- At the asking price, the property is being offered at a 6.55% CAP rate at 8.80 GRM on current income with 15% rental upside
PROPERTY FACTS
| No. Units | 59 | Lot Size | 0.31 AC |
| Property Type | Multifamily | Building Size | 40,169 SF |
| Property Subtype | Apartment | Average Occupancy | 95% |
| Apartment Style | Mid-Rise | No. Stories | 5 |
| Building Class | C | Year Built | 1917 |
| Zoning | R4 | ||
| No. Units | 59 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.31 AC |
| Building Size | 40,169 SF |
| Average Occupancy | 95% |
| No. Stories | 5 |
| Year Built | 1917 |
| Zoning | R4 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Ceiling Fans
- Kitchen
- Hardwood Floors
- Oven
- Range
- Tub/Shower
SITE AMENITIES
- Laundry Facilities
- Property Manager on Site
- Security System
- Energy Star Labeled
- Gated
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 41 | - | 325 - 400 |
| 1+1 | 18 | - | 600 |
PROPERTY TAXES
| Parcel Number | 5141-007-002 | Improvements Assessment | $1,090,948 |
| Land Assessment | $8,124,100 | Total Assessment | $9,215,048 |
PROPERTY TAXES
Parcel Number
5141-007-002
Land Assessment
$8,124,100
Improvements Assessment
$1,090,948
Total Assessment
$9,215,048
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