511 S Carondelet Street, Los Angeles, CA 90057

Los Angeles
Local realty services provided by:ERA Excel Realty
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:69 day(s) ago
  • Updated:March 28, 2026 at 01:23 PM

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 Furnace
  • Central air:Yes

Structure and exterior

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

Finances and disclosures

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

Features and amenities

  • Appliances:Dishwasher, Microwave

Parking

  • Total parking spaces:48
  • Parking description:Controlled Entrance, Garage
  • Garage:Yes
Based on information from California Regional Multiple Listing Service, Inc. as of April 2, 2026 . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

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