511 S Carondelet St, Los Angeles, CA 90057
511 S Carondelet St, Los Angeles, CA 90057
511 S Carondelet St, Los Angeles, CA 90057
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Ever Banuelos

Ever Banuelos

+1(323) 833-9824
$7,400,000
Est. payment /mo
33 Beds
37 Baths
26,000 SqFt
Save

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 26,000 sqft

Price per Sqft $284

MLS Listing ID 26640807

Bedrooms 33

Year Built 1991

Lot Size 0.268 Acres

Acres 0.2678

Property Sub-Type Multi-Family

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.

Location

State CA

County Los Angeles

Area Downtown L.A.

Zoning LAR4

Rooms

Other Rooms None

Interior

Heating Central

Cooling Central

Equipment Microwave, Dishwasher

Exterior

Parking Features Controlled Entrance, Garage, Gated Underground

Garage Spaces 48.0

Building

Level or Stories Multi/Split

Others

Special Listing Condition Standard

Read Less Info
TheMLS (CLAW)
The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026 The MLSTM/CLAW. All Rights Reserved.

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.

Listed by Lyon Stahl Investment Real Estate, Inc.

Nearby Locations

GET MORE INFORMATION

Ever Banuelos
Ever Banuelos

Team Leader | License ID: 01945384

+1(323) 833-9824 | ever.banuelos@gmail.com

Name
Phone*
Message

By checking this box, I agree to receive recurring marketing communication from EB Group Realtors, including auto-dialed calls, texts, and artificial/prerecorded voice messages (message frequency varies; data rates may apply; reply "STOP" to opt-out of texts or "HELP" for assistance); Consent not required to make a purchase. I understand that I can call to obtain direct assistance.

By checking this box, I agree to the Terms of Service and Privacy Policy of this website.