1111 Tulane Avenue #704, New Orleans, LA 70112
Local realty services provided by:Better Homes and Gardens Real Estate Rhodes Realty
1111 Tulane Avenue #704,New Orleans, LA 70112
$199,500
- - Beds
- 1 Baths
- 515 sq. ft.
- Condominium
- Active
Listed by: sylvia hudson
Office: reve, realtors
MLS#:2534965
Source:LA_GSREIN
Price summary
- Price:$199,500
- Price per sq. ft.:$387.38
About this home
Turnkey downtown studio located in one of the few remaining buildings with a grandfathered short-term rental (STR) license in New Orleans. The California Building has officially earned Airbnb Superhost status, providing another advantage for visibility and guest confidence in New Orleans’ competitive short-term rental market.
This fully furnished 1-bath unit is designed to sleep four (queen bed + sleeper sofa) and features an open-concept layout with Bosch appliances, custom cabinetry, and modern finishes. A defined sleeping area is incorporated within the main living space for efficient use and guest comfort.
Ownership is fully hands-off, with onsite management by EM Management handling bookings, guest communication, cleaning, and maintenance - offering a streamlined experience for investors or second-home owners. Management fees were reduced from 20% to 15% following the management transition in late 2025.
Parking included - a rare and highly valuable feature in the CBD.
Residents and guests enjoy access to a fitness center, rooftop terrace, business and media rooms, and additional amenities. Planned common-area upgrades include a lobby-level café, bar, and lounge seating designed to further enhance the guest experience.
Located in the Central Business District, just blocks from the French Quarter, Caesars Superdome, Smoothie King Center, and major medical centers.
2025 total revenue was $21,159 between the condo and parking, with rental revenue through July 2026 up approximately 11% compared with the same period in 2025. Management fees have also been reduced from 20% to 15%. Detailed rental history, P&L, and updated financials available upon request.
Per HOA guidance, the planned common-area improvements are not expected to increase monthly dues.
A compelling opportunity to own a compliant STR asset in a highly restricted market, offering flexibility for personal use and income potential....
Contact an agent
Home facts
- Year built:1951
- Listing ID #:2534965
- Added:312 day(s) ago
- Updated:October 26, 2026 at 03:33 PM
Rooms and interior
- Total bathrooms:1
- Full bathrooms:1
- Rooms Total:4
- Kitchen Description:Cooktop, Dishwasher, Ice Maker, Microwave, Oven, Range, Refrigerator
- Living area:515 sq. ft.
Heating and cooling
- Cooling:Central Air
- Heating:Central, Heating
Structure and exterior
- Roof:Asphalt, Flat
- Year built:1951
- Building area:515 sq. ft.
- Lot area:0.56 Acres
- Lot Features:City Lot, Corner Lot
- Construction Materials:Concrete
- Foundation Description:Slab
- Levels:1 Story
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$199,500
- Price per sq. ft.:$387.38
Features and amenities
- Appliances:Cooktop, Dishwasher, Microwave, Oven, Range, Refrigerator, Washer
- Laundry features:Dryer, Washer
- Amenities:Cable TV, Carbon Monoxide Detector, Ceiling Fan(s), Fire Sprinkler System, Smoke Detector(s), Stainless Steel Appliances
Parking
- Parking description:Assigned, Garage, One Space, Parking Available
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