503 South Catalina Street
503 South Catalina Street
$4,280,000
23
18
17,365
17,365
$246
Pending
Description
We are pleased to present The French Eclectic Apartments, a rare and charming French Eclectic-style 12-unit multi-family investment opportunity with a 47%+ income upside potential, located in the highly desirable Mid-Wilshire submarket of Los Angeles, just north of 6th St and west of Vermont Ave. Built in 1938, the magnificently unique 2-story architectural gem is extremely well-preserved and loaded with original charming character. Architectural features include large and dramatic leaded stained...We are pleased to present The French Eclectic Apartments, a rare and charming French Eclectic-style 12-unit multi-family investment opportunity with a 47%+ income upside potential, located in the highly desirable Mid-Wilshire submarket of Los Angeles, just north of 6th St and west of Vermont Ave. Built in 1938, the magnificently unique 2-story architectural gem is extremely well-preserved and loaded with original charming character. Architectural features include large and dramatic leaded stained glass, bay, and latticed casement windows, turret-style spires, wrought-iron gates and grillage, decorative frieze paneling, and features striking Art Deco details. It is comprised of a great unit mix of 2 (1+1), 4 (1+1.5), 2 (2+1.5 Townhome), 2 (3+1), and 2 (3+2.5 Townhome) units that average approximately 1,447+ gross square feet. The 17,365 square foot structure is situated on a 17,156 square foot, LAR4-2 zoned lot. There are 12 unassigned parking spaces in a covered garage. The property's units boast spacious and elegant interiors featuring hardwood floors, fireplaces, and large picture windows that flood the rooms with natural light. Decorative crown molding and wall insets, exposed ceiling beams, and arched doorways in select units provide a unique architectural detail and a touch of historic charm, adding to the overall character of these units. Two of the twelve units, units #6 and #8, boast two large roof decks per unit, offering tenants elevated indoor/outdoor livability, additional highly usable square footage, and views of the vibrant surrounding neighborhood. With a Walk Score of 94, proximity to the 101, 2, 10, and 110 freeways, and the property's location 0.4 miles from the Wilshire/Vermont Metro B (Red) and D (Purple) Line station, residents of The French Eclectic Apartments enjoy effortless access to the countless shopping, dining, entertainment, and recreation options of Koreatown, Westlake, Mid-Wilshire, Hollywood, revitalized Downtown Los Angeles, and the surrounding areas. The French Eclectic Apartments are well-positioned for a skilled value-add investor, potential TIC conversion, or thoughtfully add value plan as units become available.
- Listed by Matthew R. Kanner • DRE #01349203 • Brokerage DRE #01269474 • Keller Williams Realty Los Feliz
Property Details for 503 South Catalina Street
Water Front
None
ZoningLAR4-2
StyleFrench Normandy
Parcel Number5502021008
Total Units12.0
Living Area17365
Source Living AreaAssessor
AreaMid-Wilshire (C17)
Location
LISTING UPDATED: 04/22/2024 12:58 PM
Property Details for 503 South Catalina Street
Status | Pending |
---|---|
MLS # | 23-232339 |
Days on Market | 464 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1938 |
Lot Size | 0.39 AC / 17,156 SF |
County | Los Angeles County |
Location
Building Information for 503 South Catalina Street
Stories2Residences-Year Built1938Building Size-Lot Size0.39 AC / 17,156 SF
Payment Calculator
$26,927 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 503 South Catalina Street
Property History for 503 South 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 503 South Catalina Street
Taxable ValueLand$2,142,000Additions$1,224,000Total$3,366,000
Tax Record2023$42,823 ($3,569 / month)
Home Facts
Total Finished SqFt17,365 SqFtAbove Grade Finished SqFt17,365 SqFtLot Size17,156 SqFtStyleMulti-Family Res (5+ Units)Year Built1938ZoningLAR4CountyLOS ANGELESAPN5502-021-008
Schools near 503 South Catalina Street
This home is within Los Angeles Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Public - | K to 12 | |||
Public - | K to 12 | |||
Public - | 6 to 8 |
Rating | School | Distance |
---|---|---|
Rfk Community Schools-New Open World Academy K-12 PublicK to 12 | ||
UCLA Community School PublicK to 12 | ||
Young Oak Kim Academy Public6 to 8 |
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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