Connect

Find us on...

Dashboard

Login using...

Shawn Bengtson

Office Broker - DRE 01236964

  • Office 760-805-7199
Questions?

511 S Carondelet Street, Los Angeles – $7,750,000

  • 3 Beds
  • 4 Baths
  • 26,000 Sqft
  • .27 Acres
  • 3 Beds
  • 4 Baths
  • 26,000 Sqft
  • .27 Acres

511 S Carondelet Street

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.

Request More Info

Essential Information

  • MLS® #26640807
  • Price$7,750,000
  • Bedrooms3
  • Bathrooms4.00
  • Square Footage26,000
  • Acres0.27
  • Year Built1991
  • TypeResidential Income
  • StatusActive

Community Information

  • Address511 S Carondelet Street
  • AreaC42 - Downtown L.A.
  • CityLos Angeles
  • CountyLos Angeles
  • Zip Code90057

Amenities

  • Parking Spaces48
  • ParkingControlled Entrance, Garage
  • GaragesControlled Entrance, Garage

Interior

  • AppliancesDishwasher, Microwave
  • HeatingCentral
  • CoolingCentral Air
  • StoriesMulti/Split

Additional Information

  • Date ListedJanuary 22nd, 2026
  • Days on Market47
  • ZoningLAR4

Listing Details

  • AgentTaylor Avakian

Office

Lyon Stahl Investment Real Estate, Inc.

Please provide a valid email address.

Taylor Avakian, Lyon Stahl Investment Real Estate, Inc..

Based on information from California Regional Multiple Listing Service, Inc. as of March 10th, 2026 at 9:26pm PDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.