115 N Catalina Street

    Los Angeles (City), CA 90004
    • $1,600,000
    • STATUS: Closed
    • ON SITE: 65 days
    • MLS #: 20-546150
    Sold - 03/25/2020
    $1,600,000
    SOLD - 03/25/2020
    • 5
      BEDS
    • 0.17
      ACRES
    • 5
      BATHS
    • 0
      1/2 BATHS
    • 4,199
      SQFT
    • $381
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1939
    County:

    School Ratings & Info

    Description

    115 N. Catalina Street is a recently renovated five-unit apartment building located on a tree-lined street in highly desirable Koreatown. The 4,119 SF building is situated on a 7,369 SF lot zoned LAR3. It is composed of five spacious one bedroom-one bath units with formal dining rooms with four currently functioning as two-bedrooms. The property was renovated with a newer roof, approximately half copper plumbing, some newer windows, paint and landscaping. Four of the five units were recently renovated with new flooring, tile, paint, new modern appliances, newer hot water heaters and heaters. Some of the renovated units also have their own washer and dryers for tenant's convenience. Each unit is separately metered for gas and electricity and has its own separate hot water heater. There is garage parking in the rear of the property for each unit. 115 N. Catalina Street is a unique investment opportunity as the income of the property is very high creating excellent CASHFLOW DAY 1!

    Sold by Subscriber Non BRE#01464936 of Non-Participant Office.

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-04-02T14:42:51.827. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
    www.desertarealuxuryhomes.com/homes/102632503

    115 N Catalina Street Los Angeles (City), CA 90004

    • Price: $1,650,000
    • Status: Closed
    • Updated: 62 min ago
    • MLS #: 20-546150
    5
    Beds
    5
    Baths
    0
    ½ Baths
    0.17
    Acres
    4,199
    SQFT
    $381
    $/SQFT
    1939
    Built
    Neighborhood:
    Mid-Wilshire (C17)
    County:
    Los Angeles
    Area:
    Mid-Wilshire (C17)
    Property Description
    115 N. Catalina Street is a recently renovated five-unit apartment building located on a tree-lined street in highly desirable Koreatown. The 4,119 SF building is situated on a 7,369 SF lot zoned LAR3. It is composed of five spacious one bedroom-one bath units with formal dining rooms with four currently functioning as two-bedrooms. The property was renovated with a newer roof, approximately half copper plumbing, some newer windows, paint and landscaping. Four of the five units were recently renovated with new flooring, tile, paint, new modern appliances, newer hot water heaters and heaters. Some of the renovated units also have their own washer and dryers for tenant's convenience. Each unit is separately metered for gas and electricity and has its own separate hot water heater. There is garage parking in the rear of the property for each unit. 115 N. Catalina Street is a unique investment opportunity as the income of the property is very high creating excellent CASHFLOW DAY 1!
    Exterior Features

    Parking Spaces Total 5 Parking Type Garage

    Interior Features

    Appliances None Cooling Type Wall Or Window Units Heating Type Wall Heater Total Floors 2 Unit Furnished01 Unfurnished Unit Furnished02 Unfurnished Unit Furnished03 Unfurnished Unit Furnished04 Unfurnished Unit Furnished05 Unfurnished Unit Furnished06 Partially Unit Furnished07 Partially Unit Furnished08 Partially Unit Furnished09 Partially Unit Furnished10 Partially Unit Furnished11 Partially Unit Furnished12 Partially Unit Furnished13 Partially Unit Number Of Bath01 1.0 Unit Number Of Bath02 1.0 Unit Number Of Bath03 1.0 Unit Number Of Bath04 1.0 Unit Number Of Bath05 1.0 Unit Number Of Bed01 1 Unit Number Of Bed02 1 Unit Number Of Bed03 1 Unit Number Of Bed04 1 Unit Number Of Bed05 1

    Property Features

    Adjusted Gross Income 123982.00 Assessed Improvement Value 262500.00 Assessed Land Value 600000.00 Buyer Financing Cash To Loan Cap Rate 5.13 Country United States Of America Expense Total Annual 35596.00 Gross Operating Income 120262.00 Gross Rent Multiplier 13.31 Hoa YN N Legal Disclosures No Property AssessmentsRent Control Listing Terms Cash To Existing Loan Lot Size Source Vendor Enhanced Net Operating Income 84666.00 Number Of Buildings 1 Special Conditions Standard Sale Square Footage Source Vendor Enhanced Unit Monthly Rent01 2395.00 Unit Monthly Rent02 2350.00 Unit Monthly Rent03 1950.00 Unit Monthly Rent04 2395.00 Unit Monthly Rent05 1241.82 Unit Projected Total Monthly Rent01 2395.00 Unit Projected Total Monthly Rent02 2395.00 Unit Projected Total Monthly Rent03 2395.00 Unit Projected Total Monthly Rent04 2395.00 Unit Projected Total Monthly Rent05 2395.00 Unit Total Monthly Rent01 2395.00 Unit Total Monthly Rent02 2395.00 Unit Total Monthly Rent03 1950.00 Unit Total Monthly Rent04 2395.00 Unit Total Monthly Rent05 1241.82 Unit Type01 1 Unit Type02 1 Unit Type03 1 Unit Type04 1 Unit Type05 1 Units Total In Complex 5 Zoning Lar3

    Listing provided courtesy of Nicole Apostolos DRE#01464936 of Keller Williams Realty Encino-Sherman Oa.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-04-02T14:42:51.827. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
     
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    Palm Desert CA, 92260