247 S Carondelet Street, Los Angeles, California 90057, Los Angeles, 90057 - 2 bed, 2 bath
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Los Angeles, California 90057
Analysis of 247 S Carondelet Street, Los Angeles, California 90057 is currently available with a list price of $1,690,000. The property maintains a Tear down Condition Rating (10/100), reflecting significant deferred maintenance. This property is best suited for experienced investors or developers prepared for substantial renovation work. Located in a high-demand neighborhood within the Los Angeles Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for Experienced Investors and Fix-and-Flip Specialists.
Property is land value only, full reconstruction required.
Built in 1927, the property is being marketed primarily as a development opportunity with plans already submitted for a 9-unit apartment complex. The existing duplex shows significant physical depreciation and weathered exteriors; the lack of interior images and the focus on land value and entitlements indicate the structure is at the end of its functional life and intended for demolition.
A 9-unit apartment plan has already been submitted to the city, offering a significant head start for investors looking to develop 3 studios and 6 three-bedroom units.
The property currently operates as a duplex with existing tenants, providing steady rental income to offset carrying costs during the entitlement and permitting process.
Situated in the high-density Koreatown/Westlake area on a generous 7,589 sqft lot, the property is perfectly positioned to capitalize on the strong local demand for multi-family housing.
The presence of existing tenants in a rent-controlled market like Los Angeles may introduce additional costs and extended timelines for relocation before construction can begin.
Built in 1927, the current structure is nearly a century old and likely requires significant maintenance or complete demolition to achieve the property's highest and best use.
*** 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!
No exterior & parking available.
Grades K • 0.3 mi
Grades K-1 • 0.3 mi
Grades 1-5 • 0.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | - | - | 0% |
| Baths | - | - | 0% |
| Square foot | - | - | 0% |
| Lot Size | - | - | 0% |
| Price | - | - | 0% |
| Price per sq ft | - | - | 0% |
| Built year | 1927 | - | 0% |
| HOA | $0 | $0 | 0% |
| Days on market | - | - | 0% |
Mar 8, 2026
$1,690,000
$1,790,000
-6% Price Drop
Initial Listing
Feb 26, 2026
$1,790,000
Initial Listing
Feb 17, 2022
$1,890,000
Initial Listing
Feb 6, 2018
$830,000
Public Record