253 S Carondelet, Los Angeles, CA 90057

Los Angeles
Local realty services provided by:Better Homes and Gardens Real Estate Town Center
253 S Carondelet,Los Angeles, CA 90057
$1,795,000
Virtual Tour
  • - Beds
  • - Baths
  • 6,635 sq. ft.
  • Multi-family
  • Active
Listed by: veronica valencia, isaac rosales
Office: tauler hughes california realty562-544-0582
MLS#:OC26115568
Source:CRMLS

Price summary

  • Price:$1,795,000
  • Price per sq. ft.:$270.54

About this home

( 12.8%+ cap rate at as-is ) and positive cash flow from day one of stabilization. Rare hilltop 6-unit multifamily development opportunity in Westlake with panoramic Downtown LA skyline views. Approved plans, secured permits, and approximately 75% of construction completed — secured entitlements in place with a clear, executable path to stabilization. Priced significantly below completed market value, offering a compelling acquisition basis with substantial built-in equity for the experienced buyer. LAR3 zoning | 7,591 SF lot | 6,780 SF building | Two stories | Five 1-car garages | Separately metered units. Unit mix includes two (3-bedroom 3bth) two 3-bedroom 2 bath) and (2-bedroom-2 bath) configurations designed for the high-demand urban rental market. Stabilized proforma projects strong annual gross rent. Located minutes from DTLA, Koreatown, Echo Park, Silver Lake, MacArthur Park Metro (Purple & Red Lines), the 110 Freeway, LA Live, and the Fashion District. One of LA's...

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Home facts

  • Year built:2025
  • Listing ID #:OC26115568
  • Added:1 day(s) ago
  • Updated:May 28, 2026 at 12:39 PM

Rooms and interior

  • Living area:6,635 sq. ft.

Structure and exterior

  • Year built:2025
  • Building area:6,635 sq. ft.
  • Lot area:0.17 Acres
  • Lot Features:Yard
  • Levels:2 Story

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$1,795,000
  • Price per sq. ft.:$270.54

Features and amenities

  • Laundry features:Inside

Parking

  • Total parking spaces:5
  • Garage:Yes
  • Garage spaces:5
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