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Westlake Approved 6-Unit Development
For Sale
$3,200,000

253 Carondelet Street, Los Angeles, CA 90057

Approved 6-unit development, 50% built, downtown LA views.

Property SizeContact for details
Days on Market418

Property Features for 253 Carondelet Street

General Information

Standard status Active

Building Details

Year Built 2025
Listing Agency: EXECUTIVE BANKERS REALTY
Listed By: ISAAC ROSALES
Source: Corcoran
Added: Jul 10, 2025 Changed: Mar 16 Last Checked: Mar 16 at 9:09AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of EXECUTIVE BANKERS REALTY

Investment Insights

Based on property information with market context.

Located at 253 S Carondelet St in Westlake, Los Angeles, this 6-unit apartment property presents a development opportunity. The property, situated on a hilltop, offers panoramic downtown skyline views and curb appeal. With approved plans, permits secured, and 50% of construction completed, this asset provides a path to owning a multifamily property. The location is near Downtown LA's core, with access to Metro lines, the 110 Freeway, and landmarks such as MacArthur Park, L.A. Live, and the Fashion District. The unit mix includes two 3-bed/3-bath units at 1,280 sqft, two 3-bed/2-bath units at 1,280 sqft, and two 2-bed/2-bath units at 800 sqft.

Key Highlights

  • Approved 6‑unit development with permits secured and 50% of construction completed.
  • Breathtaking panoramic downtown Los Angeles skyline views from a hilltop location.
  • Prime Westlake location, steps from Downtown LA, with easy access to transportation and landmarks.

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Tanning Salon Garden Center Clothing & Fashion Store Pet Grooming Service Carpet & Flooring Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

4,662
Businesses Nearby

Demographics for 90057, CA

45,510
Population
17,912
Households
2.5
Avg Household Size
35
Median Age
23%
College-Educated
58%
High-School Grad
0.9 sq mi
ZIP Area
50,567
Density / Sq Mi
$44,876
Median Household Income
$30,849
Median Earnings
$1,395
Median Rent
$694,500
Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Apartment building - Approved 6-unit development, 50% built, downtown LA views.
Where is this apartment building located?
The property is located at 253 Carondelet Street Los Angeles, CA.
What is the asking price?
The asking price for this property is $3,200,000.
What are key features of this property?
This property features: Approved 6‑unit development with permits secured and 50% of construction completed.; Breathtaking panoramic downtown Los Angeles skyline views from a hilltop location.; Prime Westlake location, steps from Downtown LA, with easy access to transportation and landmarks.
More about this property
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