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
Property listed by JNM Realty, INC., Demis Dokhanian 310-746-5923
Listing Snapshot
Days Online
10
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
$355k
-17%
(avg) sold price
1
-66%
home sold
86
-42%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1937, Building area total: 3,420, Levels: MultiSplit, Living area: 3420, 1 building
Cooling
None
Heating
None
Income
Gross income: $114,900, Net operating income: $77,947
Lot
0.1844 acres, 8,031 square feet, Size: 8,031
Parking
6 totals parking, Driveway, Unassigned, Uncovered
Property
Zoning: LAR3
Tenant Pays
Electricity, Gas
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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