$1,650,000
7 Bed
4 Bath
3,420
0.18 Acre Lot

250 S Carondelet Street, Los Angeles, California 90057

  • Residential Income Property Type
  • 3,420 Square Footage
  • Driveway Cars Garage
  • 1937 Year Built
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.

Basic Details
Residential Income
For Sale
25531539
$1,650,000
7
4
3,420
1937
0.18 Acre
Active
Features
: None
: None
: Driveway, Unassigned, Uncovered
$0
Address Map
CA
Los Angeles
Los Angeles
90057
Carondelet
250
Street
10 Freeway, exit Hoover going north, right on W 3rd St, left on S Carondelet
C42 - Downtown L.A.
S
LAR3
Additional Information
$0
$0
$0
$0
$0
3420
: Multi/Split
3
2025-04-29
Broker/Agent Information
JNM Realty, INC.
Demis Dokhanian
Listing Information
CLW-C112789
CLW-X80570
Active
2025-05-07T18:04:39Z
CRMLS
: Standard
2025-04-29T00:00:00Z
Agent info
Ray Millman
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Contact Agent
Contact Us
ray@millmanteam.com 310.375.1069