225 North Catalina Street
225 North Catalina Street
$1,730,000
6
8
5,134
5,134
$337
Sold 5/5/20
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...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.
- Listed by Neema Ahadian • DRE #01346750 • Brokerage DRE #01240999 • Marcus & Millichap
Property Details for 225 North Catalina Street
Zoning
LAR3
Parcel Number5518018017
Total Units8.0
Living Area5134
Source Living AreaAssessor
AreaMid-Wilshire (C17)
Vacancy Rate0%
Lot Size Area7409
Location
LISTING UPDATED: 05/05/2023 09:43 AM
Property Details for 225 North Catalina Street
Status | Sold |
---|---|
MLS # | 20-554560 |
Days on Market | 54 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1950 |
Lot Size | 0.17 AC / 7,409 SF |
County | Los Angeles County |
Location
Building Information for 225 North Catalina Street
Stories2Residences-Year Built1950Building Size-Lot Size0.17 AC / 7,409 SF
Payment Calculator
$11,353 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 225 North Catalina Street
Property History for 225 North Catalina Street
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 225 North Catalina Street
Taxable ValueLand$1,093,224Additions$725,311Total$1,818,535
Tax Record2023$22,948 ($1,912 / month)
Home Facts
Total Finished SqFt5,134 SqFtAbove Grade Finished SqFt5,134 SqFtLot Size7,410 SqFtStyleMulti-Family Res (5+ Units)Year Built1950ZoningLAR3CountyLOS ANGELESAPN5518-018-017
Schools near 225 North Catalina Street
This home is within Los Angeles Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Public - | 9 to 12 |
Rating | School | Distance |
---|---|---|
Frank Del Olmo Elementary School PublicK to 5 | ||
Virgil Middle School Public6 to 8 | ||
Contreras Learning Center-School Of Social Justice Public9 to 12 | ||
Academic Leadership Community School Public9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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