$7,900,000

Estimated payment $50,612/month

Total Views 188
1 Bed
2 Baths
28,156 Sq Ft
$281 Price per Sq Ft

Highlights

  • 0.3 Acre Lot
  • Laundry Room
  • 5-minute walk to Lafayette Park

About This Home

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.

Listing Agent

Andres Diaz

KELLER WILLIAMS REALTY Brokerage Phone: 323-376-2469 Listed on: 09/05/2025

KELLER WILLIAMS REALTY

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1917

Lot Details

  • 0.3 Acre Lot
  • Two or More Common Walls
  • Density is 36-40 Units/Acre

Home Design

  • 28,156 Sq Ft Home
  • Apartment
  • Entry on the 1st floor

Bedrooms and Bathrooms

  • 1 Bedroom
  • 2 Bathrooms

Laundry

  • Laundry Room

Utilities

  • Private Water Source
  • Private Sewer

Listing and Financial Details

  • Legal Lot and Block 3 / 3
  • Tax Tract Number 148
  • Assessor Parcel Number 5141007002
  • $3,554 per year additional tax assessments

Community Details

Overview

  • 59 Units
  • 5-Story Property

Amenities

  • Laundry Facilities

Building Details

  • Rent Control
  • 60 Separate Electric Meters
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Electric Expense $9,310
  • Fuel Expense $14,155
  • Gardener Expense $1,800
  • Insurance Expense $41,300
  • Maintenance Expense $41,300
  • Professional Management Expense $76,036
  • Trash Expense $26,268
  • Water Sewer Expense $44,412
  • New Taxes Expense $94,800
  • Operating Expense $326,382
  • Gross Income $895,249
  • Net Operating Income $542,009

Property Details

Home Type

Multi-Family

Year Built

Built in 1917

Lot Details

0

Listing Details

  • CapRate: 6.86
  • Price Per Unit: 133898
  • Professional Management Expense: 76036.00
  • Property Attached: Yes
  • Water Sewer Expenses: 44412.00
  • Zoning: LAR4
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Gardener Expense: 1800.00
  • Parcel Number: 5141007002
  • Year Built: 1917
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 5
  • Entry Location: 1
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Price Per Square Foot: 280.58

Exterior Features

  • Pool Private: No

Garage/Parking

  • Parking: No

Utilities

  • Laundry: Yes
  • Laundry Features: Common Area
  • Sewer: Private Sewer
  • Trash Expense: 26268.00
  • Water Source: Private

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 36-40 Units/Acre
  • Lot Size Sq Ft: 13121.00
  • Lot Size Acres: 0.3012

Multi Family

  • Electric Expense: 9310.00
  • Fuel Expense: 14155.00
  • Gross Income: 895249.00
  • Gross Multiplier: 8.82
  • Gross Operating Income: 868391.00
  • Gross Scheduled Income: 895249.00
  • Insurance Expense: 41300.00
  • Lot Size Area: 13121.0000 Square Feet
  • Maintenance Expense: 41300.00
  • Net Operating Income: 542009.00
  • Number Of Separate Electric Meters: 60
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 59
  • Operating Expense: 326382.00
  • Rent Control: Yes
  • Total Expenses: 326382.00
  • Vacancy Allowance: 26857

Tax Info

  • New Taxes Expense: 94800.00
  • Tax Block: 3
  • Tax Census Tract: 2088.02
  • Tax Lot: 3
  • Tax Tract Number: 148
  • TaxOtherAnnualAssessmentAmount: 3554.00

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/05/2025 09/05/25 For Sale $7,900,000 -- $281 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV25200092

California Regional Multiple Listing Service (CRMLS)