Property Detail

Description

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.