511 S Carondelet Street, Los Angeles, CA 90057

Los Angeles
Local realty services provided by:Better Homes and Gardens Real Estate Wine Country Group
511 S Carondelet Street,Los Angeles, CA 90057
$7,400,000
  • 33 Beds
  • 37 Baths
  • 26,000 sq. ft.
  • Multi-family
  • Active
Listed by: taylor avakian
Office: lyon stahl investment real estate, inc.310-425-9838
MLS#:26640807
Source:CRMLS

Price summary

  • Price:$7,400,000
  • Price per sq. ft.:$284.62

About this home

511 S Carondelet St | 29-Unit Non-RSO Multifamily in Central Los AngelesBuilt in 1991 on an 11,674 SF LAR4 lot with 27,284 SF of improvements, this well-positioned asset features a strong unit mix of (4) studios, (17) 1-bed/1-bath, and (8) 2-bed/2-bath units plus 48 on-site parking spaces. The property is not subject to rent control (Non-RSO) and offers clear value-add upside through lease-up of two vacant units and mark-to-market rent growth across the rent roll. Offered at $7,400,000 ($255,172/unit | $271/SF) with a 6.11% in-place cap rate and 7.46% pro forma cap rate, supported by additional income from parking, laundry, and fees.

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Home facts

  • Year built:1991
  • Listing ID #:26640807
  • Added:92 day(s) ago
  • Updated:April 25, 2026 at 10:49 AM

Rooms and interior

  • Bedrooms:33
  • Total bathrooms:37
  • Kitchen Description:Dishwasher, Microwave
  • Living area:26,000 sq. ft.

Heating and cooling

  • Cooling:Central Air
  • Heating:Central
  • Central air:Yes

Structure and exterior

  • Year built:1991
  • Building area:26,000 sq. ft.
  • Lot area:0.27 Acres

Finances and disclosures

  • Price:$7,400,000
  • Price per sq. ft.:$284.62

Features and amenities

  • Appliances:Dishwasher

Parking

  • Total parking spaces:48
  • Parking description:Controlled Entrance, Garage
  • Garage:Yes
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