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324 S Catalina St
Los Angeles, CA 90020
The Avalon Apartments · Multifamily Property For Sale
·
47 Units
Investment Highlights
- 47-Unit charming 22,904 SF building featuring the original architecture balanced with modernized renovations including updated electrical and plumbing
- Rental upside of 32% through strategic renovations to the units, common areas, laundry room and managerial adjustments
- Residents benefit from efficiently designed units, controlled access, outdoor common area space, onsite laundry facility, and views of the Hollywood
- Not Subject to City of LA Rent Control, with an attractive return at a 5.66% cap rate stabilized
- Property sits within walking distance of major Koreatown nightlife, dining and shopping attractions, including Chapman Plaza, the LINE LA, and City
- Submarket asking rents expected to rise 10.4% over the next five years
Property Facts
| No. Units | 47 | Lot Size | 0.18 AC |
| Property Type | Multifamily | Building Size | 23,118 SF |
| Property Subtype | Apartment | No. Stories | 4 |
| Apartment Style | Mid-Rise | Year Built | 1926 |
| Building Class | C | ||
| Zoning | LAR4 | ||
| No. Units | 47 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.18 AC |
| Building Size | 23,118 SF |
| No. Stories | 4 |
| Year Built | 1926 |
| Zoning | LAR4 |
Amenities
Unit Amenities
- Air Conditioning
- Kitchen
- Refrigerator
- Stainless Steel Appliances
- Range
Site Amenities
- 24 Hour Access
- Laundry Facilities
- Tenant Controlled HVAC
- Smoke Free
- Trash Pickup - Curbside
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 20 | $1,338 | 375 |
| 1+1 | 26 | $1,525 | 425 - 450 |
| 2+2 | 1 | $2,350 | 750 |
Property Taxes
| Parcel Number | 5502-006-005 | Improvements Assessment | $3,381,300 |
| Land Assessment | $6,762,600 | Total Assessment | $10,143,900 |
Property Taxes
Parcel Number
5502-006-005
Land Assessment
$6,762,600
Improvements Assessment
$3,381,300
Total Assessment
$10,143,900
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