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$7,750,000

  • For Sale
  • Active
  • Multi-Family
  • 33 Total Beds
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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.

Full Property Details for 511 S Carondelet St

General

  • Price: $7,750,000
  • Status: Active
  • Type: Multi-Family
  • Source: CLAW
  • MLS ID: 26640807
  • Updated: 1/22/2026
  • Added to Site: 39 day(s) ago

Rooms

Bathrooms

  • Total Bathrooms: 37

Bedrooms

  • Total Bedrooms: 33

Additional Information

  • Other Features: None

Parking

  • Garage Description: Controlled Entrance, Garage, Gated Underground

Location

  • Area: Downtown L.A.
  • County: Los Angeles
  • Driving Directions: On S Carondelet St near Ocean View Ave

Heating & Cooling

  • Cooling Type: Central
  • Heating Type: Central

Structural Information

  • # Buildings: 1
  • Stories/Levels: 0
  • Square Feet: 26,000
  • Sq. Ft. Source: Vendor Enhanced
  • Year Built: 1991
  • Year Built Source: Vendor Enhanced

Unit Information

  • Units in Complex: 29
  • Unit Type: 2106, 2107, 2108

Unit 1

  • Total Bathrooms: 1

Unit 2

  • Total Bathrooms: 1
  • Bedrooms: 1

Unit 3

  • Total Bathrooms: 2
  • Bedrooms: 2

Additional Structures

  • Other Structures: None

Lot Features

  • Lot Size (Acres): 0.2678
  • Lot Size: 11666
  • Lot Size Source: Vendor Enhanced
  • Lot Dimensions: 108 x 108
  • Zoning: LAR4

Financial Considerations

  • Price Per Sq. Ft.: $298.08
  • Assessment Year: 1991
  • Owner Pays: Water

Disclosures and Reports

  • Disclosures/Reports: None
  • APN: 5155-029-002

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

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Listing agent

— 511 S Carondelet St —

  • Taylor Avakian

    Lyon Stahl Investment Real Estate, Inc.

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Schools serving 511 S Carondelet St

School District:Los Angeles Unified School District
NameGradesDistance
Charles White Elementary School
2401 Wilshire Boulevard, Los Angeles, CA 90057
1-50.2 mi
Lafayette Park Primary Center
310 La Fayette Park Place, Los Angeles, CA 90057
K-0.3 mi
John H. Liechty Middle School
650 South Union Avenue, Los Angeles, CA 90017
7-80.8 mi
Belmont Senior High School
1575 West 2nd Street, Los Angeles, CA 90026
9-120.8 mi
Miguel Contreras Learning Complex School
322 Lucas Avenue, Los Angeles, CA 90017
9-121.1 mi
Contreras Learning Center-Los Angeles School Of Global Studies
322 Lucas Avenue, Los Angeles, CA 90017
9-121.1 mi
Academic Leadership Community School
322 Lucas Avenue, Los Angeles, CA 90017
9-121.1 mi
Contreras Learning Center-School Of Social Justice
322 Lucas Avenue, Los Angeles, CA 90017
9-121.1 mi
Edward R. Roybal Learning Center
1200 Colton Street, Los Angeles, CA 90026
9-121.4 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 511 S Carondelet St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
1/22/2026
Listed
$7,750,000
82.35%
MLS
5/08/2009
Sold
$4,250,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 511 S Carondelet St

Year
Property Taxes
Change
Tax Assessment
Change
2025
$68,824
3%
$5,499,292
4%
2023
$66,557
5%
$5,286,266
2%
2022
$63,532
1%
$5,182,876
2%
2021
$62,634
-1%
$5,081,513
1%
2020
$63,250
4%
$5,029,546
2%
2019
$60,797
—
$4,917,889
2%
2018
$60,538
2%
$4,821,461
2%
2017
$59,211
3%
$4,726,924
2%
2016
$57,642
2%
$4,634,240
2%
2015
$56,704
-1%
$4,564,631
2%
2014
$57,000
—
$4,475,217
—
2013
$56,996
—
$4,454,993
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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

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511 S Carondelet St, Los Angeles, CA 90057 (MLS# 26640807) is a Multi-Family property with units containing 33 bedrooms and 0 full bathrooms. 511 S Carondelet St is currently listed for $7,750,000 and was received on January 22, 2026. Want to learn more about 511 S Carondelet St? Do you have questions about finding other Multi-Family real estate for sale in Downtown L.A.? You can browse all Downtown L.A. real estate or contact a Coldwell Banker agent to request more information.

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