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667 S Carondelet
Los Angeles, CA 90057 MacArthur Park

$7,900,000 USD

Apartments For Sale  •  40,169 SF

Property Details

  • Property Type Apartments
  • Total Building Size 40,169 SF
  • Lot Size 0.31 AC
  • Building Class C
  • Year Built 1917
  • Cap Rate 6.86 %
  • Zoning R4
85 Transit Score
97 Walk Score

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

Financial Summary (Actual)

Net Operating Income: $542,010 USD (2024)
Cap Rate: 6.86 %
Total Expenses: $326,382 USD

Amenities

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

Public Transportation

Commuter RailDriveWalkDistance
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/SubwayDriveWalkDistance
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
AirportDriveWalkDistance
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
Type: Covered
Included in Rent: Yes
Andres Diaz 323-376-2469 KW Commercial
Andres Diaz 323-376-2469 KW Commercial