511 S Carondelet Street, Los Angeles, CA 90057 (MLS # 26640807)

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PRICE $7,750,000 dsIDX morgage calculator
BEDS 33
BATHS 37
HOME SIZE 26,000 sqft
LOT SIZE 11,666 sqft
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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.

DAYS ON MARKET 4 LAST UPDATED 1/22/2026
YEAR BUILT 1991 COMMUNITY C42 - Downtown L.A.
COUNTY Los Angeles STATUS Active
PROPERTY TYPE(S) Residential Income


ADDITIONAL DETAILS
AIR Central Air
AIR CONDITIONING Yes
APPLIANCES Dishwasher, Microwave
AREA C42 - Downtown L.A.
GARAGE Yes
HEAT Central
LOT 0.2678 acre(s)
LOT DIMENSIONS 108x108
PARKING Garage
STORIES Split/Multi Level
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TOTAL MONTHLY PAYMENT

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Listed with Lyon Stahl Investment Real Estate, Inc.

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