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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$950,000
201 N Carondelet Street, Los Angeles, California 90026
0Bed
0Bath
1,720Sqft
6,197Lot
Year Built
1922
Close
-
List price
$950K
Original List price
$1.1M
Price/Sqft
$552
HOA
-
Days on market
-
Sold On
-
MLS number
P1-23567
Home ConditionPoor
Features
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $950.0K(50th), 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 andcentrally 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-1•0.3mi
5/10
Rosemont Avenue Elementary School
Public,•K-5•0.3mi
/10
Lafayette Park Primary Center
Public,•K•0.5mi
5/10
Union Avenue Elementary School
Public,•K-5•0.6mi
5/10
Commonwealth Avenue Elementary School
Public,•K-5•0.7mi
4/10
Betty Plasencia Elementary School
Public,•K-6•1.0mi
3/10
Gratts Learning Academy For Young Scholars (Glays)
Public,•K-6•1.1mi
3/10
Sal Castro Middle School
Public,•6-8•0.9mi
5/10
Virgil Middle School
Public,•6-8•1.0mi
3/10
Belmont Senior High School
Public,•9-12•0.9mi

Price History

Date
Event
Price
11/25/25
Price Change
$950,000-5.0%
10/21/25
Price Change
$1,000,000-4.8%
09/15/25
Price Change
$1,050,000-4.5%
08/04/25
$1,099,000
11/16/22
Sold
$800,000
Condition Rating
Poor
Built in 1922, this property is explicitly marketed as a 'fixer' and a 'canvas for developers,' indicating it requires extensive renovation and rehabilitation. The exterior images show significant deferred maintenance, outdated features, and neglected landscaping. Given its age and 'fixer' status, it's highly probable that all major systems, including plumbing, electrical, HVAC, kitchen, and bathrooms, are severely outdated, potentially non-functional, and require complete replacement or substantial repair. This aligns with the 'Poor' condition criteria, which describes properties needing substantial repairs and rehabilitation due to significant defects and outdated components.
Pros & Cons

Pros

Prime & Central Location: Highly desirable location in Los Angeles, minutes from major cultural hubs like Echo Park, Silver Lake, Downtown LA, and Koreatown, offering excellent walkability and accessibility to amenities, freeways, and public transport.
Exceptional Value-Add & Redevelopment Potential: Described as a 'fixer' and 'perfect canvas' for developers, investors, or owner-users. Significant upside potential through renovation, expansion, and the addition of ADUs, maximizing income and property value.
Rare Corner Lot with Dual Structures: A unique offering featuring two distinct structures on a generous corner parcel, providing superior street presence, flexible usage options, and increased income potential.
Income-Generating Duplex Configuration: The property is a duplex with two separate units and entrances, ideal for immediate rental income, multi-generational living, or an owner-user seeking additional income.
Strong Long-Term Appreciation Potential: Situated in a high-demand area known for its robust market and strong long-term property value appreciation.

Cons

Extensive Renovation Required (Fixer-Upper): Explicitly marketed as a 'fixer,' indicating the property is in need of significant and potentially costly renovations, updates, and repairs to meet modern standards and unlock its full potential.
Advanced Age of Property: Built in 1922, the property likely features outdated systems (plumbing, electrical, HVAC), structural components, and finishes, which will necessitate substantial investment during the renovation process.
History of Significant Price Reductions: The listing has undergone multiple substantial price reductions from its original asking price of $1.099M down to $950K, suggesting potential market resistance, overpricing, or perceived value concerns by buyers.

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