667 S Carondelet - Apartments FOR SALE


Los Angeles, CA 90057- MacArthur Park
$7,900,000 USD
323-376-2469
667 S Carondelet, Los Angeles, CA for Sale
$7,900,000 USD
Apartments - FOR SALE
1/12
null | 6.86% Cap Rate

667 S Carondelet
Los Angeles, CA 90057
MacArthur Park


HIGHLIGHTS

  • Offered at a 6.86% CAP Rate
  • Walking Distance to Metro MacArthur Park Station
  • Turn-Key Property with Close to Market Rents
  • Priced at an 8.82 Gross Rent Multiplier
  • Prime Westlake Location - Near MacArthur Park

OVERVIEW

Chateau Carondelet is a 59-unit apartment building located at 667 South Carondelet Street. The property is situated in the Westlake neighborhood of Los Angeles – walking distance to MacArthur Park and the Metro station. The property is two blocks east of Koreatown and a short drive to the financial district of Downtown Los Angeles. The opportunity consists of forty-one (41) single units and eighteen (18) one-bedroom units spread across 28,156 rentable square feet. Each unit is separately metered for electricity, and the owner pays for the gas and water. Over the last decade, the owners have invested a significant amount of capital into the building by updating the lobby, elevator system, and intercom system. In addition, the owners have updated the exterior of the property to include well maintained landscaping and a security camera system.

FOR SALE DETAILS

PRICE

$7,900,000 USD

PRICE/SF

$197 USD /SF

# OF UNITS

59

PRICE/UNIT

$133,898

CAP RATE

6.86%

% LEASED

95%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Chateau Carondelet

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

5

YEAR BUILT

1917

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.31 AC

LAND SF

13,305 SF

ZONING

R4

APN/PARCEL ID

5141-007-002

ASK ABOUT THIS PROPERTY

Andres DiazKW CommercialMore Info
323-376-2469

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Andres DiazKW CommercialMore Info
323-376-2469

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.