511 S Carondelet Street, Los Angeles, CA 90057

Los Angeles
Local realty services provided by:Better Homes and Gardens Real Estate Property Shoppe
511 S Carondelet Street,Los Angeles, CA 90057
$7,750,000
  • 33 Beds
  • 37 Baths
  • 26,000 sq. ft.
  • Multi-family
  • Active
Listed by: taylor avakian
Office: lyon stahl investment real estate, inc.
MLS#:26640807
Source:CRMLS

Price summary

  • Price:$7,750,000
  • Price per sq. ft.:$298.08

About this home

511 S Carondelet St | 29-Unit Non-RSO Multifamily in Central Los Angeles. Built in 1991 on a 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 $7,750,000 ($267,241/unit | $284/SF) with a 6.04% in-place cap rate and 7.33% 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:42 day(s) ago
  • Updated:March 06, 2026 at 11:42 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

Structure and exterior

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

Finances and disclosures

  • Price:$7,750,000
  • Price per sq. ft.:$298.08

Features and amenities

  • Appliances:Dishwasher
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