917 S Catalina
Los Angeles, CA 90006
$1,350,000
- 0.15 acres
- Built 1988
Listed by Keller Williams R. E. Services · MLS #GD26237013
Listing status & updates
- MLS last changed
- Not supplied by this listing source
- Availability last checked
- No per-listing check is recorded
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PROPERTY QUESTIONS & SHOWINGS
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917 S Catalina, Los Angeles, CA 90006 · MLS #GD26237013
A FEW THINGS TO NOTICE
What stands out.
Year built
Built in 1988.
Property size
0.15 acres listed.
Highlights from the listing description and property details. Confirm features with the listing agent.
THE PROPERTY
Get to know the property.
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 neighborhood features a blend of established multifamily buildings, residential communities, and neighborhood-serving businesses, contributing to the area's continued appeal among renters seeking convenient access to Central Los Angeles.
With its 1988 construction, five desirable two-bedroom units, existing income, and immediate lease-up potential, 917 S. Catalina Street presents a compelling opportunity for investors seeking a well-located multifamily asset with both current cash flow and meaningful potential for increased rental income.
THE NEIGHBORHOOD
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917 S Catalina, Los Angeles, CA 90006
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THE DETAILS
The details, all in one place.
- Property type
- ResidentialIncome
- Category
- Residential
- Year built
- 1988
- Garage spaces
- 0
- Pool
- No
- Pool features
- None
- Parcel
- 5094023010
- HOA fee
- $0.00
Features and school information are supplied by the listing source. Confirm measurements, school assignments, HOA terms and rental restrictions before making a decision.
Investor outlook Rental potential, ownership costs and property management
OWNERSHIP, WITH A PLAN
Investor outlook.
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ERA PROPERTY MANAGEMENT
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More in Los Angeles.
$699,000
$1,050,000
$2,398,888Listing information
MLS #GD26237013 · California Regional MLS
Listing brokerage: Keller Williams R. E. Services
Listing agent: Kirk Garabedian
Listing status: Active. MLS last changed: not supplied. Availability last checked: not recorded. Confirm current availability and price with the listing agent.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. "CRMLS" and is protected by all applicable Copyright © 2023 laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional. Information deemed reliable but not guaranteed. Copyright © 2023 California Regional Multiple Listing Service, Inc. All rights reserved.
