250 S Carondelet St - Apartments FOR SALE


Los Angeles, CA 90057- Westlake North
$1,650,000 USD
310-270-6616
250 S Carondelet St, Los Angeles, CA for Sale
$1,650,000 USD
Apartments - FOR SALE
1/3
null | Request Cap Rate

250 S Carondelet St
Los Angeles, CA 90057
Westlake North


HIGHLIGHTS

  • Excellent unit mix
  • Stabilized income and collections - 2-5 year tenancy from each tenant
  • Potential ADU opportunity
  • No onsite manager required

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$1,650,000 USD

PRICE/SF

$284 USD /SF

# OF UNITS

3

PRICE/UNIT

$550,000

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1937

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.19 AC

LAND SF

8,059 SF

ZONING

LAR3

APN/PARCEL ID

5154-015-006

ASK ABOUT THIS PROPERTY

Demis DokhanianJNM RealtyMore Info
310-270-6616

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Demis DokhanianJNM RealtyMore Info
310-270-6616

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.