Properties
Los Angeles, CA 90057 511 S Carondelet Street
$7,750,000
37 more
Presented By: Taylor Avakian with Lyon Stahl Investment Real Estate, Inc.;
Beds • 33
Baths • 4
SQFT • 26,000
Garage • 1
Home Details
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.
Presented By: Taylor Avakian with Lyon Stahl Investment Real Estate, Inc.;
Interior Features for 511 S Carondelet Street
Bedrooms
Total Bedrooms33
Bathrooms
1/4 Baths0
3/4 Baths0
Half Baths
Total Baths37
Other Interior Features
Air Conditioning Y/NYes
Heating Y/NYes
Total Stories
General for 511 S Carondelet Street
AppliancesDishwasher, Microwave
Cap Rate6.04
CityLos Angeles
CoolingCentral Air
CountyLos Angeles
DirectionsOn S Carondelet St near Ocean View Ave
Full Baths
Garage Y/NYes
Gross Income710520
HOANo
HeatingCentral
LevelsMulti/Split
Living Area26000
Lot Size Square Feet11666
Lot Size UnitsSquare Feet
MLS AreaC42 - Downtown L.A.
Net Operating Income468178.4
New ConstructionNo
Number Of Units Total29
PostalCityLOS ANGELES
Property TypeResidential Income
Senior Community Y/NNo
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Year Built1991
ZoningLAR4
Exterior for 511 S Carondelet Street
Building Area Total26000
Lot Dimensions108x108
Lot Size Acres0.2678
Lot Size Area11666
Number of Buildings1
Parking FeaturesControlled Entrance, Garage
Total Parking48
Additional Details
Price History
Schools
High School
Hubert H Humphrey Middle School
Middle School
N/A
Elementary School
Big Hollow Elementary School
