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426 S Catalina St 4 Unit Apartment Building $1,899,000 ($474,750/Unit) 2.70% Cap Rate Los Angeles, CA 90020
Investment Highlights
- Development Potential
- Heart of K-town
- Fully Leased
Executive Summary
426 S Catalina St presents a rare multifamily investment and redevelopment opportunity in the heart of Los Angeles’ Koreatown/Wilshire corridor. The property features an existing apartment building on a well-positioned lot surrounded by strong rental demand, dense multifamily housing, and ongoing development activity.
The site offers significant long-term upside through continued operation, value-add improvements, or potential future redevelopment. Conceptual renderings show the possibility of a modern 7-story apartment complex with upgraded residential design, balconies, landscaped frontage, and a rooftop amenity deck, making this an attractive opportunity for developers and investors seeking scale in a high-demand urban rental market.
The site offers significant long-term upside through continued operation, value-add improvements, or potential future redevelopment. Conceptual renderings show the possibility of a modern 7-story apartment complex with upgraded residential design, balconies, landscaped frontage, and a rooftop amenity deck, making this an attractive opportunity for developers and investors seeking scale in a high-demand urban rental market.
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $1,899,000 | Apartment Style | Low-Rise |
| Price Per Unit | $474,750 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.21 AC |
| Cap Rate | 2.70% | Building Size | 5,506 SF |
| Gross Rent Multiplier | 22 | No. Stories | 2 |
| No. Units | 4 | Year Built | 1921 |
| Property Type | Multifamily | Parking Ratio | 1.05/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | LAR4 | ||
| Price | $1,899,000 |
| Price Per Unit | $474,750 |
| Sale Type | Investment |
| Cap Rate | 2.70% |
| Gross Rent Multiplier | 22 |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.21 AC |
| Building Size | 5,506 SF |
| No. Stories | 2 |
| Year Built | 1921 |
| Parking Ratio | 1.05/1,000 SF |
| Zoning | LAR4 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 4 | - | - |
Very walkable
80/100
Moderately drivable
70/100
Exceptional public transit
90/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 5502-011-004 | Total Assessment | $1,540,763 |
| Land Assessment | $961,476 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $579,287 | Tax Year | 2025 |
Property Taxes
Parcel Number
5502-011-004
Land Assessment
$961,476
Improvements Assessment
$579,287
Total Assessment
$1,540,763
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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Contact the Sale Advisor
426 S Catalina St