CLOSED ESCROW

MULTIFAMILY

1641-45 SOUTH CATALINA STREET

LOS ANGELE, CA 90006

PRICE

PRICE/UNIT

PRICE/SF

CAP RATE

GRM

UNITS

$1,510,000

$137,272

$168.45

5.82%

10.43

11

DEAL HIGHLIGHTS​:

  • Multiple Offers

  • Five of Eleven Units Were Non Rent Control

  • Great Downtown Adjacent Location

  • Huge Upside

 

ASSET HIGHLIGHTS

  • Strong Mid-Wilshire Location

  • Good Rental Upside Potential

  • Five Non-Rent Controlled Units

  • Good Unit Mix

  • Large, Two Parcel Lot

  • Adjacent to Koreatown and Downtown

  • On-Site Parking and Storage

THE ASSET

The Hirth Group is pleased to present an 11-unit multifamily property located at 1641-1645 South Catalina Street in the Mid-Wilshire submarket of Los Angeles. Located adjacent to Koreatown and Downtown, the property is near many of Los Angeles' most famous attractions such as Dodger Stadium, Staples Center, LA Live, and the Los Angeles Convention Center. The property is conveniently located near the 10, 110, and 101 Freeways providing easy access throughout Los Angeles. The property consists of two separate parcels with three separate structures.

 

1941 South Catalina was constructed in 1930 and consists of two separate structures with four one-bedroom/one-bathroom units and two two-bedroom/one-bathroom units. 1945 South Catalina was constructed in 1989 and consists of five non-rent controlled two-bedroom/one-bathroom units. The buildings sit on a large 17,443-square foot lot providing tenants ample parking and storage.  

 

Located in a dense Los Angeles location, the property offers an investor positive cash flow with rental upside potential in the highly desirable Mid-Wilshire submarket. 

GET IN TOUCH:

NEVER MISS A LISTING:

Tel: 310-300-2838

daniel@hirthgroup.com

2701 Ocean Park Blvd #140

Santa Monica, CA 90405

© 2017 by THE HIRTH GROUP

KW Commercial CAL DRE 01499010