5
See all 5 photos
$1,350,000
Est. payment /mo
8 Beds
8 Baths
6,569 Sqft Lot
New
917 S Catalina Los Angeles, CA 90006
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Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID GD26237013
Bedrooms 8
Lot Size 6,569 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
We are pleased present 917 S. Catalina Street, an attractive five-unit multifamily investment opportunity with all 2-bedroom and 2-bathroom units. Situated in the heart of Los Angeles' vibrant Koreatown neighborhood. Built in 1988, the property offers an appealing combination of existing rental income, spacious unit configurations, and immediate value-add potential through the lease-up of one vacant unit. Situated on an approximately 6,567-square-foot lot, the two-story property comprises approximately 3,972 square feet of building area and features five generously sized two-bedroom, one-and-a-half-bathroom units. The property's desirable unit mix, practical layouts, and central location make it an appealing investment for buyers seeking stable rental income with opportunities to enhance overall performance. Currently 80% occupied, with four of the five units leased, the property generates approximately $100,824 in annual scheduled rental income, representing a 4.53% current capitalization rate. The vacant fifth unit offers an immediate opportunity to increase revenue without relying on the turnover of existing tenants. At projected market rents, annual scheduled income increases to approximately $127,824, supporting a 6.15% pro forma capitalization rate, based on estimated operating expenses and a 3% vacancy allowance. Located in a well-established residential pocket of Koreatown, the property benefits from its proximity to Downtown Los Angeles, Wilshire Boulevard, major employment centers, restaurants, shopping, entertainment, and public transportation. The surrounding ne
Location
State CA
County Los Angeles
Zoning Assessor
Direction 917 S. Catalina St
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 2
Level or Stories 2
Others
Senior Community No
Tax ID 5094023010
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Listed by Kirk Garabedian, DRE#01216376 Keller Williams R. E. Services
NEARBY SCHOOL & BUSINESS
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