201 N Carondelet Street, Los Angeles, California 90026, Los Angeles, 90026 - bed, bath

201 N Carondelet Street, Los Angeles, California 90026 home-pic-0
ACTIVE$1,100,000
201 N Carondelet Street, Los Angeles, California 90026
0Bed
0Bath
1,720Sqft
6,197Lot
Year Built
1922
Close
-
List price
$1.1M
Original List price
$1.1M
Price/Sqft
$640
HOA
-
Days on market
-
Sold On
-
MLS number
SR25149484
Home ConditionPoor
Features
Patio
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $1.10M(73th), sqft - 1720(27th), beds - undefined(50th), baths - undefined(50th).

Welcome to 201 N Carondelet Street, a rare opportunity to own two separate structures on one corner lot in one of LA’s most dynamic and centrally located neighborhoods. Offered for the first time in over 25 years, this fixer is the perfect canvas for developers, investors, or savvy owner-users looking to add value and unlock serious upside. The property features two distinct units, each with its own entrance, situated on a generous corner parcel—ideal for creative redevelopment, expansion, or a full-scale renovation. This lot opens the door to potential ADU additions or reconfiguration for increased income potential. Location, location, location! Just minutes from Echo Park Lake, Silver Lake, Downtown LA, and the bustling Koreatown scene. Enjoy easy access to shops, cafes, freeways, public transportation, and some of the city’s best eateries, nightlife, and culture. This high-demand pocket offers both walkability and strong long-term appreciation potential. Don’t miss your chance to reimagine this character-rich duplex in one of LA’s most desirable growth areas. Opportunities like this rarely come around—especially on a corner lot with incredible street presence!

Nearby schools

/10
Lake Street Primary School
Public,K-10.3mi
5/10
Rosemont Avenue Elementary School
Public,K-50.3mi
/10
Lafayette Park Primary Center
Public,K0.5mi
5/10
Union Avenue Elementary School
Public,K-50.6mi
5/10
Commonwealth Avenue Elementary School
Public,K-50.7mi
4/10
Betty Plasencia Elementary School
Public,K-61.0mi
3/10
Gratts Learning Academy For Young Scholars (Glays)
Public,K-61.1mi
3/10
Sal Castro Middle School
Public,6-80.9mi
5/10
Virgil Middle School
Public,6-81.0mi
3/10
Belmont Senior High School
Public,9-120.9mi

Price History

Date
Event
Price
11/16/22
Sold
$800,000
Condition Rating
Poor

The property was built in 1922 and the images show significant wear and tear. The kitchens and bathrooms are outdated and in need of substantial repairs. The carpets are stained and the overall condition suggests deferred maintenance. It requires substantial repairs and rehabilitation.
Pros & Cons

Pros

Development Potential: The property offers significant development potential due to its corner lot location and the presence of two separate structures, making it ideal for redevelopment, expansion, or renovation.
ADU Potential: The generous lot size allows for the potential addition of Accessory Dwelling Units (ADUs), increasing income potential and property value.
Prime Location: Located in a highly desirable and centrally located neighborhood, with easy access to Echo Park Lake, Silver Lake, Downtown LA, and Koreatown.
Convenient Accessibility: The property benefits from its proximity to shops, cafes, freeways, public transportation, and a variety of dining, nightlife, and cultural attractions.
Strong Appreciation Potential: The high-demand pocket offers both walkability and strong long-term appreciation potential, making it a sound investment.

Cons

Fixer-Upper Condition: The property is a fixer-upper, requiring significant investment in renovations and repairs to bring it up to modern standards.
Age of Property: Built in 1922, the property may have outdated systems and require upgrades to meet current building codes and safety standards.
Unknown Interior Condition: The listing focuses on the potential, suggesting the current interior condition may be undesirable and require substantial work.

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