250 South Carondelet Street 250 South Carondelet Street Los Angeles, California 90057 United States

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.

Listing Courtesy of Demis Dokhanian, JNM Realty, INC., 01940496, Active