$7,400,000
511 S Carondelet ST
Los Angeles, CA, 90057
Property Description
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.
Property Details
Price:
$7,400,000
MLS #:
26640807
Status:
Active
Beds:
33
Baths:
37
Type:
Single Family
Neighborhood:
c42downtownla
Listed Date:
Jan 30, 2026
Finished Sq Ft:
26,000
Total Sq Ft:
26,000
Lot Size:
11,666 sqft / 0.27 acres (approx)
Year Built:
1991
Schools
Interior
Appliances
DW, MW
Cooling
CA
Heating
CF
Levels
S
Exterior
Parking Spots
48
Parking Total
48
Financial
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Courtesy of Lyon Stahl Investment Real Estate, Inc.. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than Mohr Real Estate Group include the name of the listing broker. Neither the listing company nor Mohr Real Estate Group shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2026. California Regional Multiple Listing Service. All rights reserved. 511 S Carondelet ST
Los Angeles, CA
