212 South Catalina Street

Los Angeles, CA 90004

$2,650,000
Price
15
Beds
18
Baths
14,514 Sq. Ft.
$183 / Sq. Ft.
14,514
Sq. Ft.
$183
per Sq. Ft.

Description

212 South Catalina Street is an 18-unit apartment building located in the highly desirable neighborhood of Koreatown. The property is a 3-storied apartment complex built in 1925 with a two-tone colored facade and boasts three (3) studio units and fifteen (15) one bedroom units. The units are separately metered for electric and the landlord pays for the water and the gas. The units are spread across 14,514 rentable square feet which means each unit measures approximately over 700 square feet. The...212 South Catalina Street is an 18-unit apartment building located in the highly desirable neighborhood of Koreatown. The property is a 3-storied apartment complex built in 1925 with a two-tone colored facade and boasts three (3) studio units and fifteen (15) one bedroom units. The units are separately metered for electric and the landlord pays for the water and the gas. The units are spread across 14,514 rentable square feet which means each unit measures approximately over 700 square feet. The property is being offered for sale for the first time in close to 50 years and there is approximately 43% rental upside that can be achieved as units turnover.
  1. Listed by Andres Diaz • DRE #01956479 • Brokerage DRE #01364089 • Keller Williams Downtown LA

Property Details for 212 South Catalina Street

Zoning
LAR3
Parcel Number
5518022003
Total Units
18.0
Living Area
14514
Source Living Area
Vendor Enhanced
Area
Mid-Wilshire (C17)
Vacancy Rate
0%
Lot Size Area
9348
LISTING UPDATED: 12/05/2024 07:23 AM

Property Details for 212 South Catalina Street

StatusActive
MLS #24-468683
Days on Market8
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1925
Lot Size0.21 AC / 9,348 SF
CountyLos Angeles County

Building Information for 212 South Catalina Street

Stories3Residences-Year Built1925Building Size-Lot Size0.21 AC / 9,348 SF

Property Information for 212 South Catalina Street

Community / Development
Community / Development
  • Number Of Units: 18
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 3
  • Number Of Buildings: 1
  • Type Of Units: Market
Contract Info
Contract Info
  • Disclosures: As Is
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $272,420
  • Net Operating Income: $150,253.00
  • Gross Income: $272,420
  • Cap Rate: 5.67%
  • Gross Rent Multiplier: $9.73
  • Owner Pays: Water, Gas, Gardener
  • Total Annual Expense: 122167
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.2146
  • Lot Size Square Feet: 9348
Parking Details
Parking Details
  • Parking Garage: Gated
  • Total Parking: 2
  • Parking Features: Gated
Interior Features
Interior Features
  • Levels: Three Or More
  • Cooling Type: Wall Unit(s)
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Equipment: None
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 12-03-2024
  • Tenant Pays: Electricity
Unit Details
Unit 1 Information
  • Unit Beds: 0
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,236.00
  • Unit Actual Rent: $3,708.00
  • Unit Projected Rent: $4,650.00
  • Like Units: 3
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,266.00
  • Unit Actual Rent: $18,994.00
  • Unit Projected Rent: $27,750.00
  • Like Units: 15
Unit Details
  • Unit Type Type: 2106, 2107
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $297,363.00
  • Assessed Improvement Percent: 68.42
  • Assessed Land Value: $137,231.00
  • Assessed Land Percent: 31.58
  • Assessed Total Value: $434,594.00

Property History for 212 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 212 South Catalina Street

Taxable ValueLand$1,092,195Additions$952,332Total$2,044,527
Tax Record2024$26,503 ($2,209 / month)
Home Facts
Total Finished SqFt14,514 SqFtAbove Grade Finished SqFt14,514 SqFtLot Size9,345 SqFtStyleMulti-Family Res (5+ Units)Year Built1925ZoningLAR3CountyLOS ANGELESAPN5518-022-003

Schools near 212 South Catalina Street

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Frank Del Olmo Elementary School
PublicK to 5

Virgil Middle School
Public6 to 8

Academic Leadership Community School
Public9 to 12

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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212 South Catalina Street is a multi-family home for sale in Los Angeles, CA 90004. This property was listed for sale on December 3, 2024 by Keller Williams Downtown LA, it's currently listed at $2,650,000. It has been on the market for a total of 8 days and was last sold on April 22, 2003. This listing's school district is Los Angeles Unified School District. Nearby schools include Frank Del Olmo Elementary School, Virgil Middle School and Academic Leadership Community School. 212 South Catalina Street is a 15-bed, 18-bath, 14,514 sqft multi-family home built in 1925.

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. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Keller Williams Downtown LA, Andres Diaz, DRE #01956479

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.