Active

1111 Tulane Avenue #704

New Orleans, LA 70112
Mark as Favorite
Bed 0

Bed

Bath 1

Bath

SqFt515

Sqft

Acres0.56

Acre(Lot)

Turnkey downtown studio located in one of the few remaining buildings with a grandfathered short-term rental (STR) license in New Orleans. The California Building has officially earned Airbnb Superhost status, providing another advantage for visibility and guest confidence in New Orleans’ competitive short-term rental market. This fully furnished 1-bath unit is designed to sleep four (queen bed + sleeper sofa) and features an open-concept layout with Bosch appliances, custom cabinetry, and modern finishes. A defined sleeping area is incorporated within the main living space for efficient use and guest comfort. Ownership is fully hands-off, with onsite management by EM Management handling bookings, guest communication, cleaning, and maintenance - offering a streamlined experience for investors or second-home owners. Management fees were reduced from 20% to 15% following the management transition in late 2025. Parking included - a rare and highly valuable feature in the CBD. Residents and guests enjoy access to a fitness center, rooftop terrace, business and media rooms, and additional amenities. Planned common-area upgrades include a lobby-level café, bar, and lounge seating designed to further enhance the guest experience. Located in the Central Business District, just blocks from the French Quarter, Caesars Superdome, Smoothie King Center, and major medical centers. 2025 total revenue was $21,159 between the condo and parking, with rental revenue through July 2026 up approximately 11% compared with the same period in 2025. Management fees have also been reduced from 20% to 15%. Detailed rental history, P&L, and updated financials available upon request. Per HOA guidance, the planned common-area improvements are not expected to increase monthly dues. A compelling opportunity to own a compliant STR asset in a highly restricted market, offering flexibility for personal use and income potential.

Read More Expand
Tour with a ByOwner Agent

Detail Ic Property Details

Property Type : Residential

Price : $199,500

AD Id : 71164945

MLS Id : 2534965

Lot Size : 0.56 Acre

Living Area Size : 515 Sq. Ft

Year Built : 1951

County : Orleans

  • Map Map

Map

Feature Features

  • Interior Features

    CeilingFans, CarbonMonoxideDetector, Elevator, StainlessSteelAppliances, CableTv
    Roof: Asphalt, Flat
    Appliances: Cooktop, Dryer, Dishwasher, IceMaker, Microwave, Oven, Range, Refrigerator, Washer
    Laundry Features: InUnit
  • Heating & Cooling

    Has Heating: Yes Heating: Central Has Cooling: Yes Cooling: CentralAir

  • Building Information

    Year Built: 1951
    Building Area Total: 515
    Construction Materials: Concrete
    Stories: 1
    Private Pool: No

  • Lot Information

    Lot Dimensions: CONDO Main Square Feet: 0.56 Lot Size Acres: 0.56 Lot Description: CornerLot,CityLot

  • Listing Price Information

    Listing Price: $199500
    Original Price: $219000

  • Tax Information

    Parcel Number: 105102436 Tax Legal Desc: SQ 300 TULANE AVE, ELK PL & S RAMPART ST LOTS 1, 2, 3, 4, 5, 6 & 7 130.5.1/128.4.2X200/176.8.122

  • Parking Information

    Assigned, Garage, ParkingAvailable, OneSpace

    Garage Information

    Has Garage: Yes Pets Allowed: No, PetRestrictions

    Homeowners Association Information

    Included Fees: CommonAreas, Water
    Association Amenities: Clubhouse
    Community Features: Elevator, CommonGroundsArea

  • Location Information

    Direction: I-10 E to Poydras St. Take 243B from 1-10E, Continue on Poydras, Left on O'Keefe, Left on Common St. WaterSource: Public Security Features: BuildingSecurity,FireSprinklerSystem,SmokeDetectors
Sell a home like this and save $11,471 Find out How

How much is this property worth?

Curious about this home's true market value? Use our free Home Evaluation Tool to instantly get a personalized Comparative Market Analysis (CMA) report. Make smarter, data-driven decisions before you buy.

Images
Loading, please wait...

The information being provided by Miami Association of REALTORS® is for the consumer's personal, non-commercial use. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the Miami Association of REALTORS®. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by Miami Association of REALTORS® and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2026 Miami Association of REALTORS®. All rights reserved.

ByOwner last updated this listing 09/22/2026 @ 03:42

MLS: 2534965 LISTED BY: Sylvia Hudson, REVE, REALTORS 504-300-0700 SOURCE: NOMAR

Homes around $199,500

Selling? Save $11,471 when you sell a home like this

Tour with a ByOwner Agent