225 North Catalina Street

Los Angeles, CA 90004

$1,730,000
Last Sold Price
6
Beds
8
Baths
5,134 Sq. Ft.
$337 / Sq. Ft.
5,134
Sq. Ft.
$337
per Sq. Ft.

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.
  1. Listed by Neema Ahadian • DRE #01346750 • Brokerage DRE #01240999 • Marcus & Millichap

Property Details for 225 North Catalina Street

Zoning
LAR3
Parcel Number
5518018017
Total Units
8.0
Living Area
5134
Source Living Area
Assessor
Area
Mid-Wilshire (C17)
Vacancy Rate
0%
Lot Size Area
7409

Location

Listing Courtesy of Marcus & Millichap, Neema Ahadian, DRE #01346750

Sold By Marcus & Millichap, Neema Ahadian, DRE #01346750

Add your commute
LISTING UPDATED: 05/05/2023 09:43 AM

Property Details for 225 North Catalina Street

StatusSold
MLS #20-554560
Days on Market54
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1950
Lot Size0.17 AC / 7,409 SF
CountyLos Angeles County

Location

Listing Courtesy of Marcus & Millichap, Neema Ahadian, DRE #01346750

Sold By Marcus & Millichap, Neema Ahadian, DRE #01346750

Add your commute

Building Information for 225 North Catalina Street

Stories2Residences-Year Built1950Building Size-Lot Size0.17 AC / 7,409 SF

Payment Calculator

$11,353 per month

30 year fixed, 7.25% Interest

Principal and Interest

$9,441

Property Taxes

$1,912

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 225 North Catalina Street

Community / Development
Community / Development
  • Number Of Units: 8
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Assessor
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: Apartment
Contract Info
Contract Info
  • Disclosures: As Is
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $106,956
  • Net Operating Income: $63,715.00
  • Gross Income: $106,956
  • Cap Rate: 3.64%
  • Gross Rent Multiplier: $15.87
  • Actual Annual Gross Rent: $109,918.00
  • Actual Gross Annual Income: $110,264
  • Actual Rent Total: $9,160.00
  • Total Annual Expense: 43241
Land / Lot Info
Land / Lot Info
  • Lot Size Square Feet: 7409
  • Geocode Override: 0.0
Parking Details
Parking Details
  • Parking Garage: Covered Parking
  • Total Parking: 6
  • Parking Features: Covered
Interior Features
Interior Features
  • Cooling Type: Other
  • Heating Type: Other
  • Equipment: Other
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: Other
Lease Terms
Lease Terms
  • Entry Date: 02-14-2020
Unit Details
Unit 1 Information
  • Unit Beds: 0
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,225.00
  • Unit Actual Rent: $2,450.00
  • Unit Projected Rent: $2,800.00
  • Like Units: 2
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,118.00
  • Unit Actual Rent: $6,710.00
  • Unit Projected Rent: $10,710.00
  • Like Units: 6
Unit Details
  • Unit Type Type: 2106, 2107
Tax and Assessed Info
Tax and Assessed Info
  • Tax Percent: 1.17%
  • Tax Rate Year: 2020

Property History for 225 North Catalina Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

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.

Similar Homes

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Listing Courtesy of Marcus & Millichap, Neema Ahadian, DRE #01346750

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.