231 N Catalina St, Los Angeles, CA 90004

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231 N Catalina St Los Angeles, CA 90004

$1,276,000 Sold Price as of 07/05/2022

3 Beds
3 Baths
2,645 Sq.Ft.

Sold

$1,276,000 Sold Price as of 07/05/2022 Refinance Your Mortgage

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Map preview of 231 N Catalina St, Los Angeles, CA 90004

Property Overview: 231 N Catalina St Los Angeles, CA has 3 bedrooms, 3 bathrooms, 2,645 living square feet and 7,412 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: The triplex investment opportunity is located in Koreatown. The property is being sold in "As-Is" condition. The property consists of two buildings. The one story front house is approximately 1,586 SF and was built in 1925 consisting of 2 bedrooms and 1 bathroom. The two story building in the back is approximately 1,059 SF, built in 1951, & consists of a 1 bedroom / 1 bathroom unit & 1 studio unit. The STUDIO UNIT IS VACANT and is ideal for a owner user and or a developer. The property has a three car garage located in the rear of the property and has ample open spaces for more in the back. An astute investor should view this opportunity as a rare chance to purchase this asset for a number of reasons. Lock in on attractive low 30 year fixed financing. Additionally the lot is 7412 sq ft that has a LAR3 zoning with TIER 3 TOC that potentially allows to build up to 17 units on the property. Another direction an investor may choose to take is to add ADU's increasing the overall value of the property. Metro Red Line is 3 short blocks away and bus lines are all around.

Listed by Meir Frydman | BRE #01910722 | KW Advisors

Last checked: 13 minutes ago | Last updated: July 26th, 2022 | Source CRMLS | DOM: 60

Home details

Lot Sq. Ft: 7,412
HOA Dues: $0/mo
Year built: 1951
Garage: 3 Car
Property Type:: Multi Family

Status: Sold
MLS#: 22151819
City: Los Angeles
County: Los Angeles
Time on Site: 752 days

Multi-Family Unit Breakdown

Unit Mix Summary

Total # of Units: 3
Total # of Buildings: 2

Unit Breakdown 1

# of Units: 1
# of Beds: 2
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $1,689
Total Rent: $1,689
Pro Forma/Market Rent: $3,700

Unit Breakdown 2

# of Units: 1
# of Beds: 1
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $746
Total Rent: $746
Pro Forma/Market Rent: $2,400

Unit Breakdown 3

# of Units: 1
# of Beds: 0
# of Baths: 1
Furnishing: Unfurnished
Total Rent: $0
Pro Forma/Market Rent: $1,700

Multi-Family Income/Expense Information

Property Income and Analysis

Gross Rent Multiplier: 0
Gross Scheduled Income: --
Net Operating Income: $0
Gross Operating Income: $0

Annual Expense Breakdown

Total Operating Expense: --

Property Details for 231 N Catalina St

Interior Features

Security Features: Gated Community

Lot Details / Garage and Parking

Parking/Garage Information

# of Garage Spaces: 3
# of Parking Spaces: 3
Has Parking
Parking Features: Garage

Property Information

Total # of Units: 3
Parcel Number: 5518018018
Architectural Style: See Remarks

Location / Neighborhood

Location Information

Directions: South of Beverly Blvd, between Normandie Ave and Vermont Ave.

View more facts & features

Local Los Angeles Agent

Sale History for 231 N Catalina St

Last sold for $1,276,000 on July 5th, 2022

July, 2022
Jul 5, 2022

Date

Sold

CRMLS: 22151819

$1,276,000

Price
Apr 29, 2022

Date

Active

CRMLS: 22151819

$1,350,000

Price
July, 2021
Jul 30, 2021

Date

Price Change

CRMLS: PW20261070

$1,090,000

Price
Mar 22, 2021

Date

Price Change

CRMLS: PW20261070

$1,100,000

Price
Dec 24, 2020

Date

Active

CRMLS: PW20261070

$1,150,000

Price
Listing provided courtesy of CRMLS

Koreatown triplex, perfect for owner occupants, investors, AND developers! Below market rents with one unit delivered vacant at closing. OWNER OCCUPANTS: Live in one unit and rent the other units to pay some (or all) of your mortgage! You have 3 options: live in a studio apartment with private patio, 1-bedroom apartment above the garage, or 2-bedroom house in front with enclosed front porch, dining room, and bonus room. INVESTORS: Diverse and attractive unit mix, with huge rent upside potential in a prime location. Plus, 3 single car garages and additional covered parking in the rear, a rarity for this area. Rehab units to instantly add value. DEVELOPERS: R3-1 zoning in a Tier 3 TOC and QUALIFIED OPPORTUNITY ZONE. Sandwiched between an 8-Unit apartment and 10-Unit apartment, this lot is underutilized. See new construction across the street at 240 and 246 N. Catalina St. 6 units being built on similar lots with the same zoning. GREAT LOCATION! Walkscore of 89, with plenty of restaurants, stores, and public transportation within walking distance (Metro Red Line is 3 short blocks away and bus lines are all around). Minutes from Downtown and 101/110/10 freeways, perfect for commuters.

Continue Reading
May, 2019
May 28, 2019

Date

Sold (Public Records)

Public Records

--

Price
November, 2006
Nov 6, 2006

Date

Sold (Public Records)

Public Records

--

Price

Tax History for 231 N Catalina St

Assessed Value (2020): $864,643

Year	Land Value	Improved Value	Assessed Value
2020	$605,294	$259,349	$864,643

Home Value Compared to the Market

This property vs the competition

231 N Catalina St sold on July 5, 2022 for 13.45% 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 $510.4 per/sqft which puts the price per square foot 32.4% lower than the current median sale per square foot for the city of Los Angeles.

About 231 N Catalina St

Detailed summary of property

231 N Catalina St is a multi family that recently sold in Los Angeles, CA 90004. This multi family property offered 3 bedrooms, 3 bathrooms, roughly 2,645 living square feet, and sits on an approximately 7,412 square foot lot. 231 N Catalina St was first listed on ArdentRealEstateGroup.com on April 30, 2022. The homeowner sold the property for $1,276,000. 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 13.45% higher than the current median priced home. Local homes that are currently for sale include 234 S Vendome St, 947 N Ardmore Ave and 957 N Ardmore Ave. While the average home in Los Angeles, CA is selling in 92 days, 231 N Catalina St has a days on market of 60 days. There are currently 3712 homes for sale in the Los Angeles real estate market and 2493 of them are single family homes while 1120 of them are condos and 93 are townhomes. For more information on this home for sale at 231 N Catalina St Los Angeles, CA 90004 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 231 N Catalina St

Public county record property details

Beds: 4
Baths: 3
Year built: 1951
Sq. Ft.: 2,645
Lot Size: 7,411
Stories: --

Type: Triplex (3 Units, Any Combination)
Pool: No
Spa: No
County: Los Angeles
Lot#: 19
APN: 5518-018-018

The source for these homes facts are from public records.

90004 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends

Median List Price

$1,390,000

Median List Price/Sq.Ft.

$795

Median Sold Price

$1,650,000

Median Sold Price/Sq.Ft.

$873

Total Inventory

Median Sale to List Price %

97.35%

Avg Days on Market

Loan Type

Conventional (0%), FHA (0%), VA (0%), Cash (13.33%), Other (0%)

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Homes for Sale Near 231 N Catalina St

Nearby Homes for Sale

537 N Kenmore Ave, Los Angeles, CA 90004

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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.