Los Angeles, CA 90057,511 S Carondelet ST
Los Angeles, CA 90057,511 S Carondelet ST
Los Angeles, CA 90057,511 S Carondelet ST
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The Warburton Team Brokered By EXp

The Warburton Team Brokered By EXp

+1(626) 630-2141
$7,750,000
Est. payment /mo
33 Beds
37 Baths
26,000 SqFt
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UPDATED:

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 26,000 sqft

Price per Sqft $298

MLS Listing ID 26640807

Bedrooms 33

HOA Y/N No

Year Built 1991

Lot Size 0.268 Acres

Property Description

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.

Location

State CA

County Los Angeles

Area C42 - Downtown L.A.

Zoning LAR4

Interior

Heating Central

Cooling Central Air

Fireplace No

Appliance Dishwasher, Microwave

Exterior

Parking Features Controlled Entrance, Garage

Total Parking Spaces 48

Building

Entry Level Multi/Split

Level or Stories Multi/Split

New Construction No

Others

Senior Community No

Tax ID 5155029002

Special Listing Condition Standard

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

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