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+… Read More 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. Read Less
Courtesy of JNM Realty, INC. 310-746-5923
Listing Snapshot
Days Online
77
Last Updated
Property Type
Other
Beds
7
Square Ft.
3,420
Lot Size
0.18 Acres
Year Built
1937
MLS Number
25531539
30 Days Snapshot Of 90057
$430k
+22%
(avg) sold price
1
0%
home sold
96
-60%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
None
Building
3,420 sq ft, Built in 1937, Levels: Multi/Split
Cooling
None
Disclosures
None
Garage
Driveway, Uncovered, Unassigned
Heating
None
Lot
LotAcreage: 0.1844, LotSizeArea: 8,031
Parking
TotalParking: 6
Property
NumberOfUnits: 3, Zoning: LAR3
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