503 South Catalina Street

Los Angeles, CA 90020

$4,280,000
Price
23
Beds
18
Baths
17,365 Sq. Ft.
$246 / Sq. Ft.
17,365
Sq. Ft.
$246
per Sq. Ft.

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.
  1. 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
Zoning
LAR4-2
Style
French Normandy
Parcel Number
5502021008
Total Units
12.0
Living Area
17365
Source Living Area
Assessor
Area
Mid-Wilshire (C17)

Location

Listing Courtesy of Keller Williams Realty Los Feliz, Matthew R. Kanner, DRE #01349203
Add your commute
LISTING UPDATED: 04/22/2024 12:58 PM

Property Details for 503 South Catalina Street

StatusPending
MLS #23-232339
Days on Market464
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1938
Lot Size0.39 AC / 17,156 SF
CountyLos Angeles County

Location

Listing Courtesy of Keller Williams Realty Los Feliz, Matthew R. Kanner, DRE #01349203
Add your commute

Building Information for 503 South Catalina Street

Stories2Residences-Year Built1938Building Size-Lot Size0.39 AC / 17,156 SF

Payment Calculator

$26,927 per month

30 year fixed, 7.25% Interest

Principal and Interest

$23,358

Property Taxes

$3,569

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 503 South Catalina Street

Community / Development
Community / Development
  • Number Of Units: 12
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Assessor
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: Mixed
  • View: Yes
  • View Description: City
  • View: City Lights
  • Security Features: Gated
  • Direction Faces: East
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: $344,759
  • Net Operating Income: $229,142.00
  • Gross Income: $355,080
  • Cap Rate: 5.35%
  • Gross Rent Multiplier: $12.05
  • Total Annual Expense: 115616
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.3939
  • Lot Size Square Feet: 17156
  • Lot Features: Lawn, Landscaped
  • Lot Description: Lawn, Landscaped
  • Lot Location: Corner Lot
Parking Details
Parking Details
  • Parking Garage: Covered Parking
  • Total Parking: 12
  • Covered Parking: 12
  • Parking Features: Covered
  • Garage Structures Total: 1.0
Interior Features
Interior Features
  • Levels: Two
  • Fireplace Features: Decorative
  • Fireplace Rooms: Decorative
  • Cooling: None
  • Cooling Type: None
  • Heating: Natural Gas
  • Heating Type: Natural Gas
  • Flooring: Hardwood
  • Equipment: Ceiling Fan
  • Interior Features: Beamed Ceiling(s), Crown Moldings
  • Room Kitchen Features: Stone Counters, Kitchen Island
  • Kitchen Features: Stone Counters, Island
  • Room Bathroom Features: Tile Counters
  • Bathroom Features: Tile
  • Laundry: Community
Exterior Features
Exterior Features
  • Pool: No
  • Private Pool: No
  • Pool Description: None
  • Pool Features: None
  • Spa: No
  • Spa: None
  • Entry Location: Ground Level w/steps
  • Windows: Stained or Leaded
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 01-14-2023
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,027.00
  • Unit Actual Rent: $2,054.00
  • Unit Projected Rent: $5,400.00
  • Like Units: 2
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $1,737.00
  • Unit Actual Rent: $6,946.00
  • Unit Projected Rent: $13,600.00
  • Like Units: 4
Unit 3 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $3,370.00
  • Unit Actual Rent: $6,740.00
  • Unit Projected Rent: $7,500.00
  • Like Units: 2
Unit 4 Information
  • Unit Beds: 3
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $3,824.00
  • Unit Actual Rent: $7,648.00
  • Unit Projected Rent: $7,700.00
  • Like Units: 2
Unit 5 Information
  • Unit Beds: 3
  • Unit Baths: 3
  • Unit Furnished: No
  • Unit Rent: $2,641.00
  • Unit Actual Rent: $5,282.00
  • Unit Projected Rent: $8,400.00
  • Like Units: 2
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109, 2110

Property History for 503 South 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 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
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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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Keller Williams Realty Los Feliz, Matthew R. Kanner, DRE #01349203

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.