Presented by: Lyon Stahl Investment Re, Inc.
$7,750,000
511 S Carondelet St, Los Angeles, CA 90057
- 33Beds
- 37Baths
- 26000SqFt
- 33Beds
- 37Baths
- 26000SqFt
- Property TypeCondo
- Year Built1991
- Price per Sqft$298
- On highrises0 Days
Property 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.
Property Features
Bedrooms
- Bedrooms: 33
Property History
Neighborhood
Environmental Risk
Nearby Home Values
- Presented by:
- Taylor Avakian
- state license#02060040
- Brokered by:
- Lyon Stahl Investment Re, Inc.
- (310) 425-9838