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862 S Catalina St
Los Angeles, CA 90005
$935K Reduction on 40 Units in Koreatown · Multifamily Property For Sale
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40 Units
Investment Highlights
- PRICE REDUCED $935,000. SUBMIT ALL OFFERS AND PROPERTY TOURS AVAILABLE.
- Excellent Koreatown Location at the corner of Catalina and James Wood Blvd Near Entertainment, Shopping, Transit, and Employment
- Strong Multifamily Submarket Fundamentals with 6.28% Annual Rent Growth over the last 7 Years (8.8% over the last 12 months)
- Available individually or as part of a 3 property portfolio. Central to Large Employment Centers with Over 1 Million Jobs Within a 15-Mile Radius
- Opportunity to Generate Additional Value through Completing Renovation of Lightly Upgraded Units
- Well-Maintained Asset Featuring Classic Finishes and Value-Add Potential.
Property Facts
| No. Units | 40 | Lot Size | 0.17 AC |
| Property Type | Multifamily | Building Size | 24,752 SF |
| Property Subtype | Apartment | Average Occupancy | 95% |
| Apartment Style | Mid-Rise | No. Stories | 4 |
| Building Class | C | Year Built | 1928 |
| Zoning | LAR4 - Low-to-Medium Density Residential | ||
| No. Units | 40 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 24,752 SF |
| Average Occupancy | 95% |
| No. Stories | 4 |
| Year Built | 1928 |
| Zoning | LAR4 - Low-to-Medium Density Residential |
Amenities
Unit Amenities
- Air Conditioning
- Cable Ready
- Disposal
- Heating
- Kitchen
- Hardwood Floors
- Refrigerator
- Oven
- Range
Site Amenities
- 24 Hour Access
- Laundry Facilities
- Gated
- Elevator
- Walk-Up
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 32 | $1,495 | 525 |
| 1+1 | 8 | $1,745 | 750 - 800 |
Property Taxes
| Parcel Number | 5094-014-012 | Improvements Assessment | $1,973,386 |
| Land Assessment | $4,602,602 | Total Assessment | $6,575,988 |
Property Taxes
Parcel Number
5094-014-012
Land Assessment
$4,602,602
Improvements Assessment
$1,973,386
Total Assessment
$6,575,988
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