250 S Carondelet Street, Los Angeles, CA 90057

$1,650,000 Approx. USD 7 beds, 4 baths
3,420 sqft

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Agent Remarks

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.

Listing Details

Property type: (Multi-Family)

Status: Active

MLS# 25531539

Price: $1,650,000

Beds: 7

Baths: 4

Built in 1937

3,420 sqft

0.18 acres

Lot size: 0.1844

County: Los Angeles