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511 S Carondelet Street, Los Angeles, CA 90057
511 S Carondelet Street
Overview
Property ID: HZ26640807
- 33
- 37
- 26000
- 1991
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.
Address
Open on Google Maps- Address Carondelet
- City Los Angeles
- State/county Los Angeles
- Zip/Postal Code 90057
Details
Updated on April 5, 2026 at 10:06 am- Property ID: HZ26640807
- Price: $7,400,000
- Property Size: 26000 Sq Ft
- Bedrooms: 33
- Bathrooms: 37
- Year Built: 1991
- Property Status: ResidentialIncome
- Listed by: Taylor Avakian
- DRE #: 02060040
- Contact Mail: taylor@lyonstahl.com
- Brokered by: Lyon Stahl Investment Real Estate, Inc.
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