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231 N Catalina St

Los Angeles, CA 90004
  • $1,350,000
  • STATUS: Active
  • ON SITE: 21 Days
  • MLS #: 22-151819
UPDATED: 120 min ago
$1,350,000
  • 4
    BEDS
  • 0.17
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 2,645
    SQFT
  • $510
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1951
County:
Area:

School Ratings & Info

Description

The triplex investment opportunity is located in Koreatown. The property is being sold in "As-Is" condition. The property consists of two buildings. The one story front house is approximately 1,586 SF and was built in 1925 consisting of 2 bedrooms and 1 bathroom. The two story building in the back is approximately 1,059 SF, built in 1951, & consists of a 1 bedroom / 1 bathroom unit & 1 studio unit. The STUDIO UNIT IS VACANT and is ideal for a owner user and or a developer. The property has a three car garage located in the rear of the property and has ample open spaces for more in the back. An astute investor should view this opportunity as a rare chance to purchase this asset for a number of reasons. Lock in on attractive low 30 year fixed financing. Additionally the lot is 7412 sq ft that has a LAR3 zoning with TIER 3 TOC that potentially allows to build up to 17 units on the property. Another direction an investor may choose to take is to add ADU's increasing the overall value of the property. Metro Red Line is 3 short blocks away and bus lines are all around.

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-05-20T23:43:00.543. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
www.searchdesertrealestate.com/homes/128226234
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231 N Catalina St Los Angeles, CA 90004

  • Price: $1,350,000
  • Status: Active
  • On Site: 21 Days
  • Updated: 120 min ago
  • MLS #: 22-151819
4
Beds
0
Baths
0
½ Baths
0.17
Acres
2,645
SQFT
$510
$/SQFT
1951
Built
Neighborhood:
Mid-Wilshire
County:
Los Angeles
Area:
Mid-Wilshire
Property Description
The triplex investment opportunity is located in Koreatown. The property is being sold in "As-Is" condition. The property consists of two buildings. The one story front house is approximately 1,586 SF and was built in 1925 consisting of 2 bedrooms and 1 bathroom. The two story building in the back is approximately 1,059 SF, built in 1951, & consists of a 1 bedroom / 1 bathroom unit & 1 studio unit. The STUDIO UNIT IS VACANT and is ideal for a owner user and or a developer. The property has a three car garage located in the rear of the property and has ample open spaces for more in the back. An astute investor should view this opportunity as a rare chance to purchase this asset for a number of reasons. Lock in on attractive low 30 year fixed financing. Additionally the lot is 7412 sq ft that has a LAR3 zoning with TIER 3 TOC that potentially allows to build up to 17 units on the property. Another direction an investor may choose to take is to add ADU's increasing the overall value of the property. Metro Red Line is 3 short blocks away and bus lines are all around.
Exterior Features

Direction Faces East Lot Size Area 7412 Other Structures Other Parking Garage Garage Style Other Total Parking 3 Water Frontage None

Interior Features

Baths Total 3.00 Cooling Other Equipment Other Heating Other

Property Features

Assessed Total Value 873599 Gross Income 0 Gross Operating Income 0 Like Units1 1 Like Units2 1 Like Units3 1 Net Operating Income 0.00 Number Of Buildings 2 Number Of Units 3 Rent Control YN Yes Sale Type Standard Security Features Gated Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Total Annual Expense 0 Type Of Units 3 Year Built Source Vendor Enhanced Zoning Lar3

Listing provided courtesy of Meir Frydman DRE#01910722 of Kw Advisors.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-05-20T23:43:00.543. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
 
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