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237 N Catalina St #2, Los Angeles, CA 90004
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237 N Catalina St #2 Los Angeles, CA 90004

$2,790,000
  • 16 Beds
  • 10 Baths
  • 7,107 Sq.Ft.
For Sale
$2,790,000 Get Pre-Qualified
Map preview of 237 N Catalina St #2, Los Angeles, CA 90004

Property Overview: 237 N Catalina St #2 Los Angeles, CA has 16 bedrooms, 10 bathrooms, 7,107 living square feet and 7,418 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: 237 North Catalina Street is a 10-unit apartment complex located in the Koreatown submarket of Los Angeles. More than 50% of the renovated units include condo-like finishes such as quartz countertop, recessed lighting, and in-unit washer and dryer. 6 of the 10 units are large two-bedroom units and the other 4 units are one-bedroom units. The potential exists to turn the unrenovated units and capture the 31% upside in rents. Lastly, the current ownership group has ready-to-issue permits for a one (1) bedroom accessory dwelling unit. A new owner has the ability to increase the unit count and still offer parking for the other units. The asset is an attractive choice for investors looking to capitalize on both immediate and long-term growth potential in the market.

Listed by Andres Diaz | BRE #01956479 | Keller Williams Downtown LA
Last checked: 11 minutes ago | Last updated: August 6th, 2024 | Source CRMLS | DOM: 48
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Home details

Lot Sq. Ft
7,418
HOA Dues
$0/mo
Year built
1959
Garage
--
Property Type:
Multi Family
Status
Active
MLS#
24420757
City
Los Angeles
County
Los Angeles
Time on Site
51 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 10
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 4
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,534
  • Total Rent: $6,134
  • Pro Forma/Market Rent: $9,580
Unit Breakdown 2
  • # of Units: 6
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,224
  • Total Rent: $13,342
  • Pro Forma/Market Rent: $15,900
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 5.3%
  • Gross Rent Multiplier: 11.94
  • Gross Scheduled Income: --
  • Net Operating Income: $147,932
  • Gross Operating Income: $233,718
Annual Expense Breakdown
  • Total Operating Expense: --

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Property Details for 237 N Catalina St #2

Interior Features
Cooling Information
  • Has Cooling
  • Wall/Window Unit(s)
Heating Information
  • Has Heating
  • Wall Furnace
Kitchen Information
  • Has Appliances
Interior Features
  • Levels: Two
Lot Details / Garage and Parking
Property Information
  • Total # of Units: 10
  • Parcel Number: 5518018019
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: south of Beverly Boulevard. Near the corner of Beverly Boulevard & N. Catalina Street. near Metro Beverly/Vermont station.
View more facts & features

Local Los Angeles Agent

Sale History for 237 N Catalina St #2

Last sold on October 11th, 2013

  • July, 2024

  • Jul 29, 2024

    Date

    Active

    CRMLS: 24420757

    $2,790,000

    Price

  • October, 2013

  • Oct 11, 2013

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • June, 2013

  • Jun 20, 2013

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 237 N Catalina St #2

Assessed Value (2020): $541,347
Year Land Value Improved Value Assessed Value
2020 $337,695 $203,652 $541,347

Home Value Compared to the Market

This property vs the competition

237 N Catalina St #2 is listed 132.5% higher than the median list price for the city of Los Angeles which has a median list price of $1,200,000. The median price per/sqft for Los Angeles is $768 and this home is listed at $392.57 per/sqft which puts the price per square foot 48.88% lower than the median price per square foot for the city of Los Angeles.

About 237 N Catalina St #2

Detailed summary of property

237 N Catalina St #2 is a multi family located in Los Angeles, CA 90004 and is currently for sale. This multi family property offers 16 bedrooms, 10 bathrooms, roughly 7,107 living square feet, and sits on an approximately 7,418 square foot lot. 237 N Catalina St #2 was first listed on ArdentRealEstateGroup.com on July 29, 2024. The homeowner is currently asking $2,790,000. The median priced home in Los Angeles is $1,200,000 with a median price per square foot of $768. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 132.5% higher than the median priced home. Local competing homes currently for sale include 3321 London St, 343 S Occidental Blvd and 5017 Institute Pl. While the average home in Los Angeles, CA is selling in 106 days, 237 N Catalina St #2 has a days on market of 48 days. There are currently 4052 homes for sale in the Los Angeles real estate market and 2782 of them are single family homes while 1148 of them are condos and 116 are townhomes. For more information on this home for sale at 237 N Catalina St #2 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 237 N Catalina St #2

Public county record property details
Beds
16
Baths
10
Year built
1959
Sq. Ft.
7,107
Lot Size
7,415
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
20
APN
5518-018-019

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
$1,500,000
Median List Price/Sq.Ft.
$808
Median Sold Price
$790,000
Median Sold Price/Sq.Ft.
$601
Total Inventory
79
Median Sale to List Price %
95.18%
Avg Days on Market
39
Loan Type
Conventional (11.11%), FHA (0%), VA (0%), Cash (0%), Other (22.22%)

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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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