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Listed by Kirk Garabedian, DRE #01216376 • Keller Williams R. E. Services
$ 1,350,000
Est. payment /mo
New
917 S Catalina Los Angeles, CA 90006
6,569 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRGD26237013
Year Built 1988
Lot Size 6,569 Sqft
Source California Regional MLS
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 estimat
Location
State CA
County Los Angeles
Area C17 - Mid-Wilshire
Interior
Laundry None
Exterior
Garage Spaces 8.0
Pool None
Building
Water District - Public
Others
Tax ID 5094023010
Special Listing Condition Not Applicable
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