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667 S Carondelet
Los Angeles, CA 90057

$8,250,000 USD

Apartments For Sale  •  28,156 SF

Property Details

• Property Type Apartments
• Total Building Size 28,156 SF
• Lot Size 0.3 AC
• Building Class B
• Year Built 1917
• Cap Rate 6.41 %
• Zoning R4

85 Transit Score

95 Walk Score

Highlights

Marcus & Millichap is pleased to present Chateau Carondelet at 667 S Carondelet St, a 59-unit multi-family investment opportunity in Westlake

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

At the asking price, the property is being offered at a 6.41% CAP rate at 8.99 GRM on current income with 15% rental upside

The building is separately metered for electricity and has an on-site laundry room with three washers and three dryers

Property Flyers

Carondelet.667 OM

Financial Summary (Actual)

Net Operating Income: $528,647 USD (2023)

Cap Rate:	6.41 %
Total Expenses:	$343,442 USD

Amenities

• Air Conditioning
• Laundry Facilities
• Property Manager on Site
• Security System
• Energy Star Labeled
• Gated
• Heating
• Kitchen
• Oven
• Range
• Tub/Shower

Public Transportation

Commuter Rail	Drive	Walk	Distance
Union Station (91 Line - Southern California Regional Rail Authority (Metrolink), Antelope Valley Line - Southern California Regional Rail Authority (Metrolink), Orange County Line - Southern California Regional Rail Authority (Metrolink), Riverside Line - Southern California Regional Rail Authority (Metrolink), San Bernardino Line - Southern California Regional Rail Authority (Metrolink), Ventura County Line - Southern California Regional Rail Authority (Metrolink))	9 min	-	3.6 mi
Los Angeles (Coast Starlight - Amtrak, Pacific Surfliner - Amtrak, Southwest Chief - Amtrak, Texas Eagle - Amtrak)	7 min	-	3.7 mi
Transit/Subway	Drive	Walk	Distance
Westlake/Macarthur Park Station (Purple Line - Los Angeles County Metropolitan Transportation Authority (Metro), Red Line - Los Angeles County Metropolitan Transportation Authority (Metro))	1 min	8 min	0.4 mi
Wilshire/Vermont Station (Purple Line - Los Angeles County Metropolitan Transportation Authority (Metro), Red Line - Los Angeles County Metropolitan Transportation Authority (Metro))	2 min	12 min	0.7 mi
Airport	Drive	Walk	Distance
Bob Hope	23 min	-	13.1 mi
Los Angeles International	25 min	-	14.5 mi
Long Beach (Daugherty Field)	32 min	-	23.5 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	3
Type:	Surface
Included in Rent:	Yes