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.
Property Details
Price:
$7,750,000
MLS #:
26640807
Status:
Active
Beds:
33
Baths:
37
Type:
Single Family
Neighborhood:
c42downtownla
Listed Date:
Jan 30, 2026
Finished Sq Ft:
26,000
Total Sq Ft:
26,000
Lot Size:
11,666 sqft / 0.27 acres (approx)
Year Built:
1991
See this Listing
Schools
Interior
Appliances
DW, MW
Cooling
CA
Heating
CF
Exterior
Parking Spots
48
Financial
Map
Community
- Address511 S Carondelet ST Los Angeles CA
- CityLos Angeles
- CountyLos Angeles
- Zip Code90057
Subdivisions in Los Angeles
Market Summary
Current real estate data for Single Family in Los Angeles as of Feb 22, 2026
7,087
Single Family Listed
77
Avg DOM
503
Avg $ / SqFt
$1,480,073
Avg List Price
Property Summary
- 511 S Carondelet ST Los Angeles CA is a Single Family for sale in Los Angeles, CA, 90057. It is listed for $7,750,000 and features 33 beds, 37 baths, and has approximately 26,000 square feet of living space, and was originally constructed in 1991. The current price per square foot is $298. The average price per square foot for Single Family listings in Los Angeles is $503. The average listing price for Single Family in Los Angeles is $1,480,073.
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Courtesy of Lyon Stahl Investment Real Estate, Inc.. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than include the name of the listing broker. Neither the listing company nor shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2026. California Regional Multiple Listing Service. All rights reserved.511 S Carondelet ST
Los Angeles, CA