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1315 S Catalina St, Los Angeles, CA 90006
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1315 S Catalina St Los Angeles, CA 90006

$2,160,000 Sold Price as of 12/21/2021
  • 15 Beds
  • 8 Baths
  • 5,258 Sq.Ft.
Sold
$2,160,000 Sold Price as of 12/21/2021 Refinance Your Mortgage
Map preview of 1315 S Catalina St, Los Angeles, CA 90006

Property Overview: 1315 S Catalina St Los Angeles, CA has 15 bedrooms, 8 bathrooms, 5,258 living square feet and 6,803 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Iconic Investments is pleased to offer for sale 1315 S. Catalina St., a 7-unit apartment building located in the Pico-Union submarket of Los Angeles. Built in 1908 with additional units added in 2012 & 2021, 3 of the 7 units are not subject to Los Angeles City RSO. The unit mix is 1 one-bed/one-bath, 5 two-bed/one-bath and 1 four-bed/two bath units. 4 of the 7 units have been recently updated with new hardwood floors, kitchen cabinets & countertops, bathrooms, fixtures, lighting, stainless steel appliances and split-system air conditioning/heating units. In addition, the other 3 units were newly constructed in 2012 & 2021 and new at that time. The property is individually metered for both gas and electric, and the tenants pay for trash. All units have individual water heaters. Unit numbers 5 & 6 were built in 2012 allowing for 10% annual rent increases.

Listed by Peter Strauss | BRE #01335696 | Iconic Investments
Co-listed by Adam Zunder | BRE #01821053 | Iconic Investments
Last checked: 23 minutes ago | Last updated: June 6th, 2023 | Source CRMLS | DOM: 98

Home details

Lot Sq. Ft
6,803
HOA Dues
$0/mo
Year built
1903
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
21783686
City
Los Angeles
County
Los Angeles
Time on Site
964 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 7
  • Total # of Buildings: 2
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,150
  • Total Rent: $1,150
  • Pro Forma/Market Rent: $1,695
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 4
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $3,950
  • Total Rent: $3,950
  • Pro Forma/Market Rent: $3,950
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,638
  • Total Rent: $1,638
  • Pro Forma/Market Rent: $2,150
Unit Breakdown 4
  • # of Units: 2
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,995
  • Total Rent: $1,995
  • Pro Forma/Market Rent: $2,150
Unit Breakdown 5
  • # of Units: 2
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,150
  • Total Rent: $2,150
  • Pro Forma/Market Rent: $2,150
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 12.14
  • Gross Scheduled Income: --
  • Net Operating Income: $124,450
  • Gross Operating Income: $175,548
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 1315 S Catalina St

Interior Features
Cooling Information
  • Has Cooling
  • Wall/Window Unit(s)
Heating Information
  • Has Heating
  • Wall Furnace, Forced Air
Lot Details / Garage and Parking
Parking/Garage Information
  • No
  • Parking Features: None
Lot Information
  • Lot Size Source: Assessor
Property Information
  • Total # of Units: 7
  • Parcel Number: 5075006016
Location / Neighborhood
Location Information
  • Directions: From W. Pico Blvd turns South on S. Catalina Street. Building will be on the right.
View more facts & features

Local Los Angeles Agent

Sale History for 1315 S Catalina St

Last sold for $2,160,000 on December 21st, 2021

  • September, 2021

  • Sep 14, 2021

    Date

    Active

    CRMLS: 21783686

    $2,190,000

    Price

  • September, 2021

  • Sep 10, 2021

    Date

    Active

    CRMLS: 21782402

    $2,190,000

    Price

  • Listing provided courtesy of CRMLS

    Iconic Investments is pleased to offer for sale 1315 S. Catalina St., a 7-unit apartment building located in the Pico-Union submarket of Los Angeles. Built in 1908 with additional units added in 2012 & 2021, 3 of the 7 units are not subject to Los Angeles City RSO. The unit mix is 1 one-bed/one-bath, 5 two-bed/one-bath and 1 four-bed/two bath units. 4 of the 7 units have been recently updated with new hardwood floors, kitchen cabinets & countertops, bathrooms, fixtures, lighting, stainless steel appliances and split-system air conditioning/heating units. In addition, the other 3 units were newly constructed in 2012 & 2021 and new at that time. The property is individually metered for both gas and electric, and the tenants pay for trash. All units have individual waters. Unit numbers 5 & 6 were built in 2012 allowing for 10% annual rent increases.

  • November, 2019

  • Nov 14, 2019

    Date

    Sold (Public Records)

    Public Records

    $979,000

    Price

  • January, 2001

  • Jan 2, 2001

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 1315 S Catalina St

Assessed Value (2020): $979,000
Year Land Value Improved Value Assessed Value
2020 $740,000 $239,000 $979,000

Home Value Compared to the Market

This property vs the competition

1315 S Catalina St sold on December 21, 2021 for 84.03% higher than the current median sold price for the city of Los Angeles which is $1,190,000. The median sold price per/sqft for Los Angeles is $755 and this home is sold at $416.51 per/sqft which puts the price per square foot 44.83% lower than the current median sale per square foot for the city of Los Angeles.

About 1315 S Catalina St

Detailed summary of property

1315 S Catalina St is a multi family that recently sold in Los Angeles, CA 90006. This multi family property offered 15 bedrooms, 8 bathrooms, roughly 5,258 living square feet, and sits on an approximately 6,803 square foot lot. 1315 S Catalina St was first listed on ArdentRealEstateGroup.com on September 14, 2021. The homeowner sold the property for $2,160,000. Home in Los Angeles are selling for a median price of $1,190,000 and a median price per square foot of $755. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 84.03% higher than the current median priced home. Local homes that are currently for sale include 1056 S Serrano Ave, 1117 S Serrano Ave and 2327 S Budlong Ave. While the average home in Los Angeles, CA is selling in 94 days, 1315 S Catalina St has a days on market of 98 days. There are currently 3580 homes for sale in the Los Angeles real estate market and 2422 of them are single family homes while 1059 of them are condos and 93 are townhomes. For more information on this home for sale at 1315 S Catalina St Los Angeles, CA 90006 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 1315 S Catalina St

Public county record property details
Beds
8
Baths
6
Year built
1903
Sq. Ft.
4,158
Lot Size
6,802
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
38
APN
5075-006-016

The source for these homes facts are from public records.

90006 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$799,000
Median List Price/Sq.Ft.
$611
Median Sold Price
$690,000
Median Sold Price/Sq.Ft.
$600
Total Inventory
36
Median Sale to List Price %
98.71%
Avg Days on Market
36
Loan Type
Conventional (0%), FHA (0%), VA (0%), Cash (33.33%), Other (0%)

Thinking of Selling?

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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