1111 Tulane Avenue, New Orleans, LA 70112
Local realty services provided by:Better Homes and Gardens Real Estate Rhodes Realty
Listed by: sylvia marie hudson
Office: reve, realtors
MLS#:2534965
Source:LA_CLBOR
Price summary
- Price:$199,500
- Price per sq. ft.:$387.38
About this home
One of the harder things to find at the California Building: Parking. This fully furnished studio includes an assigned garage parking space, along with the ability to operate as a short-term rental in one of New Orleans' few remaining buildings with a grandfathered STR license. The unit is set up to sleep four with a queen bed and sleeper sofa and has an efficient open layout with Bosch appliances, custom cabinetry, modern finishes, in-unit laundry, and a defined sleeping area within the main living space. For an owner who wants something relatively hands-off, EM Management handles bookings, guest communication, cleaning, and maintenance. Management fees were reduced from 20% to 15% following the management transition in late 2025. Based on the seller's 2025 1099s, the condo and parking generated $21,159 in total revenue for the year. 2026 rental performance is currently ahead of the comparable 2025 period. Detailed monthly rental history, P&L, and updated financials are available upon request. The California Building offers a rooftop terrace, fitness center, business and media rooms, with additional common-area improvements planned including a lobby-level café, bar, and lounge seating. Per HOA guidance, those improvements are not expected to increase monthly dues. The location is especially convenient for guests, just blocks from the French Quarter, Caesars Superdome, Smoothie King Center, Canal Street, and the medical district. For someone looking for a furnished downtown property with STR flexibility and professional management, the included parking is a big advantage in this building....
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Home facts
- Year built:1951
- Listing ID #:2534965
- Added:16 day(s) ago
- Updated:November 09, 2026 at 03:22 PM
Rooms and interior
- Total bathrooms:1
- Full bathrooms:1
- Rooms Total:4
- Flooring:Tile, Vinyl
- Kitchen Description:CookTop, Dishwasher, Ice Maker, Microwave, Oven, Range, Refrigerator, appl_Stainless Steel Appliance(s)
- Living area:515 sq. ft.
Heating and cooling
- Cooling:Ceiling Fan(s), Central Air
- Heating:Central
Structure and exterior
- Year built:1951
- Building area:515 sq. ft.
- Lot area:0.56 Acres
- Lot Features:Corner Lot
- Construction Materials:Concrete
- Foundation Description:Slab
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$199,500
- Price per sq. ft.:$387.38
Features and amenities
- Appliances:Cooktop, Dishwasher, Dryer, Ice Maker, Microwave, Oven, Range, Refrigerator, Stainless Steel Appliance(s), Washer
- Laundry features:Dryer, Electric Dryer Hookup, Washer
Parking
- Parking description:Assigned
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