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.
Property Features
Bedrooms
Appliances
- Laundry Features: Common Area
Bathrooms
Land Info
- Lot Description: 36-40 Units/Acre
- Lot Size Acres: 0.3012167
- Lot Size Source: Assessor
- Lot Size Square Feet: 13121
Multi-Unit Info
- Number of Units: 59
- Bedrooms in Unit-2: 1
- Total Bathrooms in Unit-1: 1
- Total Bathrooms in Unit-2: 1
Homeowners Association
- Gardener Expense: 1800.00
- Maintenance Expense: 41300.00
Rental Info
- Vacancy Allowance: 26857
- Rent Control: Yes
Amenities and Community Features
- Community Features: Sidewalks
Other Property Info
- Source Listing Status: Active
- County: Los Angeles
- Cap Rate: 6.86
- Source Property Type: Residential Income
- Insurance Expense: 41300.00
- Area: C42 - Downtown L.A.
- Source Neighborhood: C42 - Downtown L.A.
- New Taxes Expense: 94800.00
- Number of Separate Electric Meters: 60
- Number of Separate Gas Meters: 1
- Number of Separate Water Meters: 1
- Parcel Number: 5141007002
- Professional Management Expense: 76036.00
- Trash Expense: 26268.00
- Zoning: LAR4
- Source System Name: C2C
Commercial Info
- Net Operating Income: 542009.00
Building and Construction
- Total Square Feet Living: 28156
- Year Built: 1917
- Building Features: 1
- Common Walls: 2+ Common Walls
- Entry Level: 1
- Entry Location: 1
- Property Age: 108
- Property Attached: Yes
- Building Total Stories: 5
- Structure Type: Apartment
- Year Built Source: Assessor
Utilities
- Electric Expense: 9310.00
- Sewer: Sewer: Private Sewer, Water Sewer Expense: 44412.00
- Water Source: Private