JNM Realty Inc. is proud to present, on an exclusive basis, a passive income opportunity with strong in-place cash flow and additional upside through ADU (Accessory Dwelling Unit) potential. 250 S Carondelet St is a well-maintained triplex located in a private pocket of Westlake. The property sits on an 8,000+ SF lot and features a desirable unit mix two (2) 2-bed/1-bath units and one (1) 3-bed/2-bath unit with stable, high rents from long-term tenants (25 years).With approximately 4,000 SF of open parking area, the property offers excellent potential for one or more ADUs. Buyer to verify feasibility. This presents a unique opportunity to further increase rental income and long-term value, stabilizing at an astounding 7.37% cap rate. As the manager of over 3,000 units across Los Angeles, JNM Realty also offers full-service property management for buyers allowing you to own and operate this asset seamlessly from acquisition through stabilization. All offers are encouraged.
Property Details
Price:
$1,650,000
MLS #:
25531539
Status:
Active
Baths:
0
Address:
250 S Carondelet Street
Type:
Residential Income
Neighborhood:
c42downtownla
City:
Los Angeles
Listed Date:
Apr 29, 2025
State:
CA
ZIP:
90057
Lot Size:
8,031 sqft / 0.18 acres (approx)
Year Built:
1937
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Schools
Interior
Cooling
None
Heating
None
Exterior
Parking Features
Driveway, Uncovered, Unassigned
Parking Spots
6.00
Financial
Tenant Pays
Electricity, Gas
Map
Community
- Address250 S Carondelet Street Los Angeles CA
- AreaC42 – Downtown L.A.
- CityLos Angeles
- CountyLos Angeles
- Zip Code90057
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250 S Carondelet Street
Los Angeles, CA
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