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1401 S Catalina Street

Los Angeles (City), CA 90006
  • $3,000,000
  • STATUS: Active
  • ON SITE: 142 Days
  • ID#: 21761394
UPDATED: 40 min ago
$3,000,000
  • 0
    BEDS
  • 0.15
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1958
County:

School Ratings & Info

Listing Agent: David Kaufman of David Ballin Kaufman


Description

1401 South Catalina is a gated two-story walk-up apartment complex originally built in 1958 just south of Pico Blvd and west of Vermont in the Pico Union submarket. This property is very close to Loyola High School. The property features a pitched roof and gated parking. This property is part of a 10-property portfolio totaling 186 units. Most of the properties are in the 90029 & 90006 zip codes of Los Angeles, CA. These well-located properties offer convenient access to Downtown Los Angeles & Mid-Wilshire and can be managed efficiently due to their proximity to one another. The properties are well maintained and have had many exterior and interior improvements. There is still +28% upside to be realized as units turn and the opportunity to construct two additional units already permitted at 1006 Mariposa. This infill multifamily portfolio is in an improving submarket in LA and gives an investor diversification amongst 12 different APNs and proven upside through continued unit turns.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2021-12-05T18:25:55.747. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Marelly Group | Sentry Residential. Licensed in the State of California, USA.
www.themarellygroup.com/homes/119360037
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1401 S Catalina Street Los Angeles (City), CA 90006

  • Price: $3,000,000
  • Status: Active
  • On Site: 142 Days
  • Updated: 40 min ago
  • ID#: 21761394
0
Beds
0
Baths
0
½ Baths
0.15
Acres
1958
Built
Neighborhood:
C16 - Mid Los Angeles
County:
Los Angeles
Area:
C16 - Mid Los Angeles
Property Description
1401 South Catalina is a gated two-story walk-up apartment complex originally built in 1958 just south of Pico Blvd and west of Vermont in the Pico Union submarket. This property is very close to Loyola High School. The property features a pitched roof and gated parking. This property is part of a 10-property portfolio totaling 186 units. Most of the properties are in the 90029 & 90006 zip codes of Los Angeles, CA. These well-located properties offer convenient access to Downtown Los Angeles & Mid-Wilshire and can be managed efficiently due to their proximity to one another. The properties are well maintained and have had many exterior and interior improvements. There is still +28% upside to be realized as units turn and the opportunity to construct two additional units already permitted at 1006 Mariposa. This infill multifamily portfolio is in an improving submarket in LA and gives an investor diversification amongst 12 different APNs and proven upside through continued unit turns.
Exterior Features

Parking Features Gated

Property Features

Gross Income 202960 Listing Agreement Seller Reserved Listing Service Full Service Net Operating Income 115066 Senior Community YN No Special Listing Conditions Standard Zoning Lar3



Based on information from California Regional Multiple Listing Service, Inc. as of 2021-12-05T18:25:55.747. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Marelly Group | Sentry Residential. Licensed in the State of California, USA.
 
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The Marelly Group | Sentry Residential
5256 South Mission Rd, Suite 1006
Bonsall CA, 92003
Listing Agent: David Kaufman of David Ballin Kaufman