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511 S Carondelet Street, Los Angeles CA 90057
511 S Carondelet Street, Los Angeles CA 90057
511 S Carondelet Street, Los Angeles CA 90057
511 S Carondelet Street, Los Angeles CA 90057
511 S Carondelet Street, Los Angeles CA 90057
511 S Carondelet Street, Los Angeles CA 90057
511 S Carondelet Street, Los Angeles CA 90057
511 S Carondelet Street, Los Angeles CA 90057
511 S Carondelet Street, Los Angeles CA 90057
511 S Carondelet Street, Los Angeles CA 90057
511 S Carondelet Street, Los Angeles CA 90057
511 S Carondelet Street, Los Angeles CA 90057
511 S Carondelet Street, Los Angeles CA 90057
511 S Carondelet Street, Los Angeles CA 90057
511 S Carondelet Street, Los Angeles CA 90057
511 S Carondelet Street, Los Angeles CA 90057
511 S Carondelet Street, Los Angeles CA 90057
511 S Carondelet Street, Los Angeles CA 90057
511 S Carondelet Street, Los Angeles CA 90057
511 S Carondelet Street, Los Angeles CA 90057
511 S Carondelet Street, Los Angeles CA 90057
511 S Carondelet Street, Los Angeles CA 90057
511 S Carondelet Street, Los Angeles CA 90057
California>Los Angeles>Macarthur Park

511 S Carondelet StreetLos Angeles, CA 90057

For Sale

$7,750,000

Smart Buyer Rebate $77,500

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.

Listed by Taylor Avakian

·

License #02060040

·

Lyon Stahl Investment Real Estate, Inc.

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916-996-4421

Last updated January 30, 2026

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Source: CRMLS #26640807

Listing Facts

  • TypeMulti-family
  • NeighborhoodMacarthur Park
  • Bedrooms33
  • Days on Prevu9
  • Size26,000 sqft
  • Price per sqft$298

Amenities

  • Dishwasher
  • Air Conditioning
  • Parking

Location

Mortgage Calculator

Listing History

01/22/2026
Listed by Lyon Stahl Investment Real Estate, Inc.
$7,750,000

Property Details for 511 S Carondelet Street

Exterior

Construction

  • Number Of Units Total: 29
  • Year Built: 1991

Measurements

  • Building Area Total: 26,000
  • Lot Size Acres: 0.26
  • Lot Size Area: 11,666
  • Lot Size Dimensions: 108,108
  • Lot Size Square Feet: 11,666
  • Lot Size Units: Square Feet

Financial

Residential Income

  • Cap Rate: 6.04
  • Gross Income: $710,520.00

Taxes

  • Parcel Number: 5155029002

Interior

Features

  • Appliances: Dishwasher, Microwave

Measurements

  • Living Area: 26,000

Rooms

  • Bathrooms Total Integer: 37
  • Bedrooms Total: 33

Parking

Parking

  • Garage: Yes
  • Parking Features: Controlled Entrance, Garage
  • Parking Total: 48

Utilities

Equipment

  • Cooling: Central Air
  • Has Cooling: Yes
  • Heating: Central
  • Has Heating: Yes

Frequently Asked Questions

How many bedrooms does this multi-family home have?

There are 33 bedrooms in this multi-family home at 511 S Carondelet Street.

Does this multi-family home have parking?

Yes, there are 48 parking spaces available for 511 S Carondelet Street.

How does 511 S Carondelet Street compare to other multi-family homes in Macarthur Park?

This multi-family home is listed 122% above the average price for multi-family homes in Macarthur Park and has been on the market for 65 less days than the typical home in this area.

What is the square footage on this multi-family home?

According to the MLS, this listing is 26,000 sqft.

511 S Carondelet Street is a 33-bedroom multi-family home for sale in Los Angeles CA 90057. Available on Prevu for 9 days at $7,750,000. This home features 26,000 square feet of living space, located in Macarthur Park. The median listing price for multi-family homes in this area is $785,000. The home offers dishwasher, air conditioning, and parking. View other multi-family home listings in Los Angeles.

Based on information from California Regional Multiple Listing Service, Inc. and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by Prevu or the MLS. Information is provided exclusively for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing.

Full MLS Disclaimers

Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.