120 S Carondelet Street, Los Angeles, CA 90057

About this property

ATTENTION: DEVELOPERS AND INVESTORS! A golden opportunity to develop multi-unit condos, apartments or townhouses in one of the hottest emerging and highly desirable neighborhoods, located in the WESTLAKE-ECHO PARK-RAMPART VILLAGE-MID/ DOWNTOWN area! Property is near coffee houses, cafes, restaurants, bars, museums, theatres, galleries, parks and everything else that L.A. has to offer. With proximity to Echo Park Lake, Silver Lake Reservoir, McArthur Park, Mid-Town and DTLA, it really doesn't get more central than this. (1.) Property is being sold for "LAND VALUE ONLY, AS-IS", no credits. (2.) Zoned R3-1, Lot size 8042 sqft. (3.) Build up to 10 UNITS (BUYER TO VERIFY), owner and agent make no claims. (4.) Stunning City and DTLA skyline views. (5.) NO LOAN or APPRAISAL CONTINGENCIES, buyer to do their due diligence prior to submitting offer, short escrow preferred with short term leaseback option for seller at negotiated price . (6.)Tenant and owner have negotiated a "cash for keys" arrangement and tenant will vacate at C.O.E. ***DO NOT ENTER PROPERTY, DO NOT DISTURB TENANTS, NO TRESPASSING! Entrance in units upon accepted offer only***.

Listing description from the December 2023 sale, as reported to CRMLS.

Sale history

$1,050,000

Sold December 2023 · listed $1,198,000, on market October 2023 · MLS #23319839 · Source: CRMLS

Listing Agent: Ken Shields · Listing Office: Compass · Contact: 310-652-6285 · Bought with: Manish Drona · Drona Realty & Mortgages

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