225 N Catalina Street

    Los Angeles (City), CA 90004
    • $1,750,000
    • STATUS: Active Under Contract
    • ON SITE: 104 days
    • ID#: 20554560
    Under Contract
    UPDATED: 48 min ago
    $1,750,000
    • 0
      BEDS
    • 0.17
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1950
    County:

    School Ratings & Info

    Description

    225 North Catalina Street, in Los Angeles, CA 90004. Built in 1950, this 8-unit property totals 5,134 SF on a 7,409 SF lot zoned R3 in a Tier 3 TOC in the middle of Koreatown. The building features singles and one-bedroom units and includes six parking spaces at the rear of the property.This offering presents an investor the opportunity to purchase a value-add investment with true rental upside located in a Qualified Opportunity Zone. At the asking price, the price per unit is $218,750 with a pro forma 6.35% CAP rate. In addition, the ability to install laundry on-site can further increase cash flow. With separately metered utilities including individual water heaters and individual trash bins, the building is well run providing ease of management.

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-05-28T23:26:20.733. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Beach City Brokers | BCB Premier Estates | The Miller Group. Licensed in the State of California, USA.

    www.tolivebythesea.com/homes/103265118

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

    • Price: $1,750,000
    • Status: Active Under Contract
    • Updated: 48 min ago
    • ID#: 20554560
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.17
    Acres
    1950
    Built
    Neighborhood:
    C17 - Mid-Wilshire
    County:
    Los Angeles
    Area:
    C17 - Mid-Wilshire
    Property Description
    225 North Catalina Street, in Los Angeles, CA 90004. Built in 1950, this 8-unit property totals 5,134 SF on a 7,409 SF lot zoned R3 in a Tier 3 TOC in the middle of Koreatown. The building features singles and one-bedroom units and includes six parking spaces at the rear of the property.This offering presents an investor the opportunity to purchase a value-add investment with true rental upside located in a Qualified Opportunity Zone. At the asking price, the price per unit is $218,750 with a pro forma 6.35% CAP rate. In addition, the ability to install laundry on-site can further increase cash flow. With separately metered utilities including individual water heaters and individual trash bins, the building is well run providing ease of management.
    Exterior Features

    Lot Size Source Assessor Lot Size Units Square Feet Parking Features Covered Parking YN Yes

    Property Features

    Gross Income 106956.00 Gross Multiplier 15.87 Gross Operating Income 106956.00 Net Operating Income 63715.00 Senior Community YN No Special Listing Conditions Standard Taxes Percent 1.17 Total Actual Rent 9160.00 Zoning Lar3

    Listing provided courtesy of Neema Ahadian of Marcus & Millichap


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-05-28T23:26:20.733. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Beach City Brokers | BCB Premier Estates | The Miller Group. Licensed in the State of California, USA.

     
    Beach City Brokers | BCB Premier Estates | The Miller Group
    1716 South Catalina Avenue
    Redondo Beach CA, 90277