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1243-1245 S Catalina St, Los Angeles CA 90006 1243 S Catalina St 4 Unit Apartment Building $2,800,000 ($700,000/Unit) 4.68% Cap Rate Los Angeles, CA 90006
Investment Highlights
- Well-maintained multifamily property located in the Harvard Heights area of Los Angeles.
- Spacious layouts with townhome-style floor plans.
- Close to public transit, major thoroughfares, and lifestyle amenities such as shopping, dining, and cultural destinations.
- Positioned in an Opportunity Zone, creating potential tax incentive opportunities for investors seeking long-term benefits.
- Each unit features in-unit washer/dryer, stainless steel appliances, and air conditioning for tenant convenience.
- On-site parking available with a parking ratio of approximately 1.5 spaces per 1,000 SF.
Executive Summary
1243–1245 S Catalina Street presents a prime multifamily investment opportunity in Los Angeles’ Harvard Heights neighborhood. Consisting of four spacious townhome-style units across approximately 6,202 square feet, this three-story property offers a desirable unit mix of two 3-bedroom, 4-bath layouts and two 4-bedroom, 4-bath layouts, each featuring in-unit laundry, stainless steel appliances, and air conditioning. The building sits on a 0.48-acre parcel with LAR3 zoning, providing future redevelopment or density potential, and includes on-site parking with a ratio of approximately 1.5 spaces per 1,000 square feet.
Property Facts
| Price | $2,800,000 | Building Class | C |
| Price Per Unit | $700,000 | Lot Size | 0.48 AC |
| Sale Type | Investment | Building Size | 6,202 SF |
| Cap Rate | 4.68% | Average Occupancy | 1% |
| No. Units | 4 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1902 |
| Property Subtype | Apartment | Parking Ratio | 1.5/1,000 SF |
| Apartment Style | Townhome | Opportunity Zone |
Yes
|
| Zoning | LAR3 - Residential | ||
| Price | $2,800,000 |
| Price Per Unit | $700,000 |
| Sale Type | Investment |
| Cap Rate | 4.68% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Class | C |
| Lot Size | 0.48 AC |
| Building Size | 6,202 SF |
| Average Occupancy | 1% |
| No. Stories | 3 |
| Year Built | 1902 |
| Parking Ratio | 1.5/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | LAR3 - Residential |
Amenities
Unit Amenities
- Air Conditioning
- Dishwasher
- Washer/Dryer
- Stainless Steel Appliances
Site Amenities
- 24 Hour Access
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+4 | 2 | - | 1,425 - 1,652 |
| 4+4 | 2 | - | 1,547 - 1,578 |
Very walkable
80/100
Moderately drivable
70/100
Exceptional public transit
90/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 5078-031-011 | Improvements Assessment | $785,304 |
| Land Assessment | $1,823,356 | Total Assessment | $2,608,660 |
Property Taxes
Parcel Number
5078-031-011
Land Assessment
$1,823,356
Improvements Assessment
$785,304
Total Assessment
$2,608,660
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1243-1245 S Catalina St, Los Angeles CA 90006 | 1243 S Catalina St