247 S Carondelet Street, Los Angeles, California 90057, Los Angeles, 90057 - 0 bed, 0 bath
Loading property details...
247 S Carondelet Street
Los Angeles, California 90057
ACTIVE
CONDITION: TEAR DOWN
0Beds
0Baths
1,400Sq Ft
7,589Lot Size
Property Price
LIST PRICE$1,680,000
SUMMARY
*** 9 Units Apartment Plan has been submitted already!! Good project for investers and contractors. Duplex units with tenants. Plan for 9 units apartments has been submitted already. It would be for multiple units building for 3 studio and 6 3beds/2bath. Don't miss this wonderful opportunity for your development!
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Tear down
TeardownExcellent
Property is land value only, full reconstruction required.
Built in 1927 (>50 years old) with no evidence of recent renovations. The property is explicitly marketed as a development project for investors, with plans already submitted to replace the existing duplex with a 9-unit apartment building, indicating the value is in the land rather than the current structure.
PROSSTRENGTHS & OPPORTUNITIES
- Development Ready
A 9-unit apartment plan has already been submitted, significantly reducing the lead time and entitlement risk for investors looking to maximize the lot's density.
- High-Demand Location
Situated in the Koreatown area, the property benefits from a robust rental market and proximity to diverse amenities, making it an ideal spot for multi-family housing.
- Existing Cash Flow
The current duplex configuration includes active tenants, providing immediate rental income to offset carrying costs during the pre-construction phase.
CONSRISKS & DEFICIENCIES
- Tenant Relocation Complexity
The presence of existing tenants may present challenges and additional costs related to relocation requirements and local rent control regulations during the redevelopment process.
- Premium Pricing
The list price reflects the future development value rather than the current 1927 structure's utility, requiring a buyer with significant capital for both acquisition and construction.
About 247 S Carondelet Street
Property Details
Public Facts
- Property Type
- Duplex
- Year Built
- 1927
- Lot Size
- 7,589 Sq. Ft.
Interior
- Total Bedrooms
- 0
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Los Angeles Unified Schools
Lafayette Park Primary Center
Grades K • 0.3 mi
0/10
Lake Street Primary School
Grades K-1 • 0.3 mi
0/10
Charles White Elementary School
Grades 1-5 • 0.5 mi
3/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 4.5 |
| Baths | 0.0 | 2.9 |
| Square foot | 1,400 | 2,090.331 |
| Lot Size | 7,589 | 5,852.908 |
| Price | $1.68M | $830.9K |
| Price per sq ft | $1.2K | $394 |
| Built year | 1927 | 1928 |
| HOA | $0 | $0 |
| Days on market | 33 | 87 |
Pricing History
Listed for Sale
Oct 7, 2026
$1,680,000
Initial Listing
Sold
Feb 6, 2018
$830,000
Public Record