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229 S Catalina Street

Los Angeles (City), CA 90004
  • $1,950,000
  • STATUS: Active
  • ON SITE: 8 Days
  • MLS #: OC23142121
UPDATED: 33 min ago
$1,950,000
  • 0
    BEDS
  • 0.18
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1923
County:

School Ratings & Info

Listing Agent(s): Keven Stirdivant of Kase Real Estate, Inc. (949-200-9818) and Alex Pirro of Kase Real Estate, Inc.(949-200-9818)


Description

Presenting an outstanding income-producing investment opportunity in Los Angeles, this multi-unitapartment building captures the look and feel of early LA. Each residence is highlighted by two bedroomsand one bath, with all four combining to offer a grand total of approximately 5,920 square feet. Built in 1923,the property displays Spanish-inspired architecture characterized by barrel-tile roof detail and archedwindows. The lot spans nearly 7,904 square feet and includes a large, fenced front yard. From its locationon South Catalina Street, residents of the building can easily reach downtown LA, Koreatowns shops andrestaurants, Wilshire Boulevard and the 101 Freeway. Vons and Ralphs supermarkets are just down thestreet, and a community park features tennis courts.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2023-09-27T00:28:26.593. 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 Zia Group | eXp Realty. Licensed in the State of California, USA.
www.theziagroup.com/homes/143483304
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229 S Catalina Street Los Angeles (City), CA 90004

  • Price: $1,950,000
  • Status: Active
  • On Site: 8 Days
  • Updated: 33 min ago
  • MLS #: OC23142121
0
Beds
0
Baths
0
½ Baths
0.18
Acres
1923
Built
Neighborhood:
C17 - Mid-Wilshire
County:
Los Angeles
Area:
C17 - Mid-Wilshire
Property Description
Presenting an outstanding income-producing investment opportunity in Los Angeles, this multi-unitapartment building captures the look and feel of early LA. Each residence is highlighted by two bedroomsand one bath, with all four combining to offer a grand total of approximately 5,920 square feet. Built in 1923,the property displays Spanish-inspired architecture characterized by barrel-tile roof detail and archedwindows. The lot spans nearly 7,904 square feet and includes a large, fenced front yard. From its locationon South Catalina Street, residents of the building can easily reach downtown LA, Koreatowns shops andrestaurants, Wilshire Boulevard and the 101 Freeway. Vons and Ralphs supermarkets are just down thestreet, and a community park features tennis courts.
Exterior Features

Carport Spaces 5 Carport YN Yes Construction Materials Stucco Entry Level 1 Entry Location 1 Fencing Wrought Iron Foundation Details Slab Lot Features Front YardYard Number Of Separate Electric Meters 4 Parking Total 10 Pool Features None Pool Private YN No Property Attached YN Yes

Interior Features

Common Walls 2+ Common Walls Cooling Wall/Window Unit(S) Cooling YN Yes Flooring Wood Heating Natural GasWall Furnace Heating YN Yes

Property Features

Additional Parcels YN No Association Fee 0 Association YN No Common Interest None Community Features CurbsSidewalks Contingency Buyer And Their Agent To Verify All information And Specifics. We Believe This information To Be Correct However We Cannot Accept Responsibility For its Accuracy. Offers To Be Subject To interior inspection. Do Not Disturb Tenants. As-Is Sale. All Offers Will Require A Concurrent Close Of Escrow Of Another Property And 1031 Exchange Cooperation - Please Request information From Alex Pirro. Garage YN Yes Gross Income 80316.2 Gross Scheduled Income 80316 Insurance Expense 2880 Land Lease YN No Laundry Features Electric Dryer HookupGas Dryer Hookup Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash To New LoanContract1031 ExchangeSubmit Net Operating Income 39992.82 New Construction YN No Number Of Separate Gas Meters 4 Number Of Separate Water Meters 1 Number Of Units Leased 4 Operating Expense 40323.4 Pest Control Expense 540 Property Sub Type Mixed Use Rent Control YN Yes Senior Community YN No Sewer Public SewerSewer Tap Paid Special Listing Conditions Standard Total Actual Rent 6678.58 Trash Expense 2400 Utilities Electricity AvailableElectricity ConnectedNatural Gas AvailableNatural Gas ConnectedSewer AvailableSewer Connected Water Sewer Expense 5400 Water Source Public Zoning Lar3



Based on information from California Regional Multiple Listing Service, Inc. as of 2023-09-27T00:28:26.593. 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 Zia Group | eXp Realty. Licensed in the State of California, USA.
 
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The Zia Group | eXp Realty
10 E Yanonali St #11
Santa Barbara CA, 93101
Listing Agent(s): Keven Stirdivant of Kase Real Estate, Inc. (949-200-9818) and Alex Pirro of Kase Real Estate, Inc.(949-200-9818)