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$199,500

Est. payment - /mo

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1 Bath

515 SqFt

Price Dropped by $16K

1111 Tulane AVE New Orleans, LA 70112

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Pauline Bowman

pauline.bowman@exprealty.com +1(678) 682-1221

UPDATED:

Key Details

Property Type Condo

Sub Type Condominium

Listing Status Active

Purchase Type For Sale

Square Footage 515 sqft

Price per Sqft $387

MLS Listing ID 2534965

Style Mid-Century Modern

Full Baths 1

HOA Y/N No

Year Built 1951

Acres 0.56

Lot Dimensions CONDO

Property Sub-Type Condominium

Source ROAM MLS

Land Area 515

Property Description

One of the harder things to find at the California Building: Parking. This fully furnished studio includes an assigned garage parking space, along with the ability to operate as a short-term rental in one of New Orleans' few remaining buildings with a grandfathered STR license. The unit is set up to sleep four with a queen bed and sleeper sofa and has an efficient open layout with Bosch appliances, custom cabinetry, modern finishes, in-unit laundry, and a defined sleeping area within the main living space. For an owner who wants something relatively hands-off, EM Management handles bookings, guest communication, cleaning, and maintenance. Management fees were reduced from 20% to 15% following the management transition in late 2025. Based on the seller's 2025 1099s, the condo and parking generated $21,159 in total revenue for the year. 2026 rental performance is currently ahead of the comparable 2025 period. Detailed monthly rental history, P&L, and updated financials are available upon request. The California Building offers a rooftop terrace, fitness center, business and media rooms, with additional common-area improvements planned including a lobby-level café, bar, and lounge seating. Per HOA guidance, those improvements are not expected to increase monthly dues. The location is especially convenient for guests, just blocks from the French Quarter, Caesars Superdome, Smoothie King Center, Canal Street, and the medical district. For someone looking for a furnished downtown property with STR flexibility and professional management, the included parking is a big advantage in this building.

Location

State LA

County Orleans

Area 0.56

Direction I-10 E to Poydras St. Take 243B from 1-10E, Continue on Poydras, Left on O'Keefe, Left on Common St.

Interior

Interior Features Elevator

Cooling Ceiling Fan(s), Central Air

Flooring Tile, Vinyl

Fireplace No

Appliance Oven, Dryer, Range, Washer, Cooktop, Microwave, Dishwasher

Laundry Electric Dryer Hookup

Exterior

Parking Features Assigned

Garage Spaces 1.0

Community Features Clubhouse

Utilities Available Cable Available, Natural Gas Not Available

Roof Type Flat, Asphalt

Total Parking Spaces 1

Garage Yes

Building

Lot Description Corner Lot

Story One

Foundation Slab

Water Public

Architectural Style Mid-Century Modern

New Construction No

Others

Senior Community No

Tax ID 105102436

Security Features Carbon Monoxide Detector(s),Smoke Detector(s)

Virtual Tour https://www.propertypanorama.com/instaview/roam/2506095

Gulf South Real Estate Information Network (NOMAR IDX Plus)

Listed by REVE, REALTORS

NEARBY SCHOOL & BUSINESS

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Pauline Bowman

Agent License ID: 350440

+1(678) 682-1221

1111 Tulane AVE New Orleans, LA 70112

Pauline Bowman

Key Details

Location

Interior

Exterior

Building

Others

NEARBY SCHOOL & BUSINESS

GET MORE INFORMATION

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1111 Tulane AVE