511 S Carondelet Street
Los Angeles, CA 90057 • 33 Bed • 37 Bath • 26,000 sq.ft.

Property summary

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: 0

Listing updated: January 22, 2026 - 09:44:01

Property details

Property ID
26640807
Size
26000 sq.ft.
Home Type
Residential Income
Year Built
1991
Property Size
0.2678 acre
Garage
Levels
Spa
No
Patio
No
Basement
No
View
No
Pool
No

Listed by: Taylor Avakian DRE #02060040 310-425-9838, Lyon Stahl Investment Real Estate, Inc. - Beverly Hills/Greater LA

Source: Beverly Hills/Greater LA, MLS#: CLW-X82195 Originating MLS: CRMLS

Interior information

Rooms
Bathrooms
37
Kitchen
Dishwasher, Microwave
Cooling
Central Air
Heating
Central
Flooring
N/A
Laundry
N/A
$7,750,000
Property price
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Revesty savings: $243K
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The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional. Based on information from California Regional Multiple Listing Service, Inc. as of 2026-01-26 23:29:06 PST and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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