225 N CATALINA Street, Los Angeles, CA 90004
Property · 2 recorded sales since 2017
Sold May 2020
Listing Agent: Neema Ahadian (DRE #01346750) · Listing Office: Marcus & Millichap · Contact: 213-943-1800 · Bought with: Neema Ahadian · Marcus & Millichap · MLS #20554560 · Source: CRMLS
About this property
225 North Catalina Street, in Los Angeles, CA 90004. Built in 1950, this 8-unit property totals 5,134 SF on a 7,409 SF lot zoned R3 in a Tier 3 TOC in the middle of Koreatown. The building features singles and one-bedroom units and includes six parking spaces at the rear of the property.This offering presents an investor the opportunity to purchase a value-add investment with true rental upside located in a Qualified Opportunity Zone. At the asking price, the price per unit is $218,750 with a pro forma 6.35% CAP rate. In addition, the ability to install laundry on-site can further increase cash flow. With separately metered utilities including individual water heaters and individual trash bins, the building is well run providing ease of management.
Listing description from the May 2020 sale, as reported to CRMLS.
Sale history
