253 S Carondelet, Los Angeles, CA, 90057
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Property Details
16
14
Multi-Family
Description
Property Details: • Type: Multi-Family • Bedrooms: 16 • Bathrooms: 14 • Square Feet: 6635 • Lot/Size: 7,594 sqft lot
Description: ( 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
Location
Address
253 S Carondelet, Los Angeles, CA, 90057
City
Los Angeles
Features and Finishes
Year Built: 2025; [object Object]; [object Object]; [object Object]
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