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$ 1,650,000
Est. payment | /mo
7 Beds
4 Baths
3,420 SqFt
$ 1,650,000
Est. payment | /mo
7 Beds
4 Baths
3,420 SqFt
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 3,420 sqft
Price per Sqft $482
MLS Listing ID 25531539
Bedrooms 7
HOA Y/N No
Year Built 1937
Lot Size 8,032 Sqft
Property Description
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.
Location
State CA
County Los Angeles
Area C42 - Downtown L.A.
Zoning LAR3
Interior
Heating None
Cooling None
Fireplace No
Exterior
Parking Features Driveway, Unassigned, Uncovered
Total Parking Spaces 6
Building
Entry Level Multi/Split
Level or Stories Multi/Split
New Construction No
Others
Senior Community No
Tax ID 5154015006
Special Listing Condition Standard
Listed by Demis Dokhanian • JNM Realty, INC.