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    231 N Catalina Street

    Los Angeles (City), CA 90004
    • $1,100,000
    • STATUS: Active
    • ON SITE: 143 days
    • ID#: PW20261070
    UPDATED: 72 min ago
    $1,100,000
    • 0
      BEDS
    • 0.17
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,645
      SQFT
    • $416
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1951
    County:

    School Ratings & Info

    Description

    Koreatown triplex, perfect for owner occupants, investors, AND developers! Below market rents with one unit delivered vacant at closing. OWNER OCCUPANTS: Live in one unit and rent the other units to pay some (or all) of your mortgage! You have 3 options: live in a studio apartment with private patio, 1-bedroom apartment above the garage, or 2-bedroom house in front with enclosed front porch, dining room, and bonus room. INVESTORS: Diverse and attractive unit mix, with huge rent upside potential in a prime location. Plus, 3 single car garages and additional covered parking in the rear, a rarity for this area. Rehab units to instantly add value. DEVELOPERS: R3-1 zoning in a Tier 3 TOC and QUALIFIED OPPORTUNITY ZONE. Sandwiched between an 8-Unit apartment and 10-Unit apartment, this lot is underutilized. See new construction across the street at 240 and 246 N. Catalina St. 6 units being built on similar lots with the same zoning. GREAT LOCATION! Walkscore of 89, with plenty of restaurants, stores, and public transportation within walking distance (Metro Red Line is 3 short blocks away and bus lines are all around). Minutes from Downtown and 101/110/10 freeways, perfect for commuters.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-05-17T22:36:16.623. 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 Zutila, Inc.. Licensed in the State of California, USA.
    www.myorangecountyhomesearcher.com/homes/112854908
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    231 N Catalina Street Los Angeles (City), CA 90004

    • Price: $1,100,000
    • Status: Active
    • Updated: 72 min ago
    • ID#: PW20261070
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.17
    Acres
    2,645
    SQFT
    $416
    $/SQFT
    1951
    Built
    Neighborhood:
    C17 - Mid-Wilshire
    County:
    Los Angeles
    Area:
    C17 - Mid-Wilshire
    Property Description
    Koreatown triplex, perfect for owner occupants, investors, AND developers! Below market rents with one unit delivered vacant at closing. OWNER OCCUPANTS: Live in one unit and rent the other units to pay some (or all) of your mortgage! You have 3 options: live in a studio apartment with private patio, 1-bedroom apartment above the garage, or 2-bedroom house in front with enclosed front porch, dining room, and bonus room. INVESTORS: Diverse and attractive unit mix, with huge rent upside potential in a prime location. Plus, 3 single car garages and additional covered parking in the rear, a rarity for this area. Rehab units to instantly add value. DEVELOPERS: R3-1 zoning in a Tier 3 TOC and QUALIFIED OPPORTUNITY ZONE. Sandwiched between an 8-Unit apartment and 10-Unit apartment, this lot is underutilized. See new construction across the street at 240 and 246 N. Catalina St. 6 units being built on similar lots with the same zoning. GREAT LOCATION! Walkscore of 89, with plenty of restaurants, stores, and public transportation within walking distance (Metro Red Line is 3 short blocks away and bus lines are all around). Minutes from Downtown and 101/110/10 freeways, perfect for commuters.
    Exterior Features

    Lot Features 0-1 Unit/AcreNear Public TransitValue In Land Number Of Separate Electric Meters 3 Parking Total 3 Pool Features None Pool Private YN No Property Attached YN No

    Interior Features

    Common Walls No Common Walls Fireplace Features None Fireplace YN No

    Property Features

    Additional Parcels YN No Association Fee 0 Association YN No Common Interest None Community Features Sidewalks Contingency Trust SaleSold As-Is. Submit Offers Subject To interior inspection. Garage YN Yes Gross Income 0 Gross Scheduled Income 0 Insurance Expense 0 Land Lease YN No Laundry Features See Remarks Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash To New Loan Net Operating Income 0 New Construction YN No New Taxes Expense 0 Number Of Separate Gas Meters 3 Number Of Separate Water Meters 1 Operating Expense 0 Property Sub Type Triplex Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Trust Tenant Pays ElectricityGasTrash Collection Trash Expense 0 Water Sewer Expense 0 Water Source Public Zoning Lar3

    Listing provided courtesy of Caroline Gim of Expert Real Estate and Aurora Gim of Expert Real Estate


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-05-17T22:36:16.623. 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 Zutila, Inc.. Licensed in the State of California, USA.
     
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