511 S Carondelet Street, Los Angeles, CA 90057
- 26,000 sqft
other 
Built in 1991 
0.27acre lot
—— car garage 
$298/sqft 
Listed 16 days ago
Property Description
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.
- Listing Status:
- Active
- Date Added:
- January 22, 2026
- Data Last Updated:
- February 8, 2026 at 3:09AM
- Listing Office:
- Lyon Stahl Investment Real Estate, Inc. : 310-425-9838
- Listing Agent:
- Taylor Avakian : 916-996-4421
- MLS ID:
- CL26640807
- Parking: Other
- Originating MLS: CRMLS
- County: Los Angeles
- Zoning: LAR45155029002
- Source: CRMLS
Presented by Veterans United Realty
This listing courtesy of Taylor Avakian , Lyon Stahl Investment Real Estate, Inc.
Monthly Payment
- Principal & Interest $
- Property Taxes $
- Home Insurance $
- VA Funding Fee $
Location
Schools Nearby
Charles White Elementary
2401 Wilshire Blvd, Los Angeles, CA, 90057
Grades 1-5
0.13 miles away
Harold Mcalister High (Opportunity)
611 S Carondelet St, Los Angeles, CA, 90057
Grades 6-12
0.10 miles away
Harold Mcalister High (Opportunity)
611 S Carondelet St, Los Angeles, CA, 90057
Grades 6-12
0.10 miles away
