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503 S Catalina St, Los Angeles, CA 90020
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503 S Catalina St Los Angeles, CA 90020

$4,280,000
  • 22 Beds
  • 14 Baths
  • 17,365 Sq.Ft.
Pending
$4,280,000 Get Pre-Qualified
Map preview of 503 S Catalina St, Los Angeles, CA 90020

Property Overview: 503 S Catalina St Los Angeles, CA has 22 bedrooms, 14 bathrooms, 17,365 living square feet and 17,156 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: We are pleased to present The French Eclectic Apartments, a rare and charming French Eclectic-style 12-unit multi-family investment opportunity with a 47%+ income upside potential, located in the highly desirable Mid-Wilshire submarket of Los Angeles, just north of 6th St and west of Vermont Ave. Built in 1938, the magnificently unique 2-story architectural gem is extremely well-preserved and loaded with original charming character. Architectural features include large and dramatic leaded stained glass, bay, and latticed casement windows, turret-style spires, wrought-iron gates and grillage, decorative frieze paneling, and features striking Art Deco details. It is comprised of a great unit mix of 2 (1+1), 4 (1+1.5), 2 (2+1.5 Townhome), 2 (3+1), and 2 (3+2.5 Townhome) units that average approximately 1,447+ gross square feet. The 17,365 square foot structure is situated on a 17,156 square foot, LAR4-2 zoned lot. There are 12 unassigned parking spaces in a covered garage. The property's units boast spacious and elegant interiors featuring hardwood floors, fireplaces, and large picture windows that flood the rooms with natural light. Decorative crown molding and wall insets, exposed ceiling beams, and arched doorways in select units provide a unique architectural detail and a touch of historic charm, adding to the overall character of these units. Two of the twelve units, units #6 and #8, boast two large roof decks per unit, offering tenants elevated indoor/outdoor livability, additional highly usable square footage, and views of the vibrant surrounding neighborhood. With a Walk Score of 94, proximity to the 101, 2, 10, and 110 freeways, and the property's location 0.4 miles from the Wilshire/Vermont Metro B (Red) and D (Purple) Line station, residents of The French Eclectic Apartments enjoy effortless access to the countless shopping, dining, entertainment, and recreation options of Koreatown, Westlake, Mid-Wilshire, Hollywood, revitalized Downtown Los Angeles, and the surrounding areas. The French Eclectic Apartments are well-positioned for a skilled value-add investor, potential TIC conversion, or thoughtfully add value plan as units become available.

Listed by Matthew R. Kanner | BRE #01349203 | Keller Williams Realty Los Feliz
Last checked: 8 minutes ago | Last updated: April 22nd, 2024 | Source CRMLS | DOM: 464
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Home details

Lot Sq. Ft
17,156
HOA Dues
$0/mo
Year built
1938
Garage
--
Property Type:
Multi Family
Status
Pending
MLS#
23232339
City
Los Angeles
County
Los Angeles
Time on Site
464 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 12
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 2
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,027
  • Total Rent: $2,054
  • Pro Forma/Market Rent: $5,400
Unit Breakdown 2
  • # of Units: 2
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $3,370
  • Total Rent: $6,740
  • Pro Forma/Market Rent: $7,500
Unit Breakdown 3
  • # of Units: 2
  • # of Beds: 3
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $3,824
  • Total Rent: $7,648
  • Pro Forma/Market Rent: $7,700
Unit Breakdown 4
  • # of Units: 4
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,737
  • Total Rent: $6,946
  • Pro Forma/Market Rent: $13,600
Unit Breakdown 5
  • # of Units: 2
  • # of Beds: 3
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $2,641
  • Total Rent: $5,282
  • Pro Forma/Market Rent: $8,400
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 5.35%
  • Gross Rent Multiplier: 12.05
  • Gross Scheduled Income: --
  • Net Operating Income: $229,142
  • Gross Operating Income: $344,759
Annual Expense Breakdown
  • Total Operating Expense: --

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Property Details for 503 S Catalina St

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Natural Gas
Laundry Information
  • Has Laundry
  • Community
Fireplace Information
  • Has Fireplace
  • Decorative
Room Information
  • Flooring: Wood
Kitchen Information
  • Has Appliances
Interior Features
  • Ceiling Fan(s), Beamed Ceilings, Crown Molding
  • Levels: Two
  • Window Features: Stained Glass
  • Security Features: Gated Community
Exterior Features
Exterior Information
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 12
  • Has Parking
  • Parking Features: Covered
Lot Information
  • Lot Features: Lawn, Landscaped
  • Lot Size Source: Assessor
Property Information
  • Has View
  • View: City Lights
  • Total # of Units: 12
  • Parcel Number: 5502021008
  • Year Built Source: Assessor
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: Located in the Mid-Wilshire submarket of Los Angeles just 1 block North of 6th St, 3 blocks west of Vermont Ave, and 2 blocks south of W 3rd St.
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Local Los Angeles Agent

Sale History for 503 S Catalina St

Last leased for $3,198 on March 25th, 2022

  • April, 2024

  • Apr 22, 2024

    Date

    Pending

    CRMLS: 23232339

    $4,280,000

    Price

  • Jan 14, 2023

    Date

    Active

    CRMLS: 23232339

    $4,650,000

    Price

  • April, 2023

  • Apr 1, 2023

    Date

    Expired

    CRMLS: 21113677

    $3,198

    Price

  • Dec 14, 2021

    Date

    Active

    CRMLS: 21113677

    $3,198

    Price

  • Listing provided courtesy of CRMLS

    Looking for the perfect French Normandy style home with antiquity and modern renovation in K-Town? Just outside our community, find adventure around every corner with delicious restaurants, quirky shops, and endless entertainment. When it's time to venture further, connecting to major commute routes to the rest of LA is easy. Major freeways are minutes away, plus our location gives you access to many public transit options including the Metro. The Orange line, Amtrak, and Metrolink are close by as well and offer the convenience whether you work in Downtown Los Angeles or are a USC Trojan, these apartments are a short distance from either location. Conveniently located minutes away from LA Live and the Staples Center on Figueroa, you will be close enough to enjoy the night life of Downtown LA, yet far enough to appreciate the peaceful quaint atmosphere. This property is a charming and unique building with striking art deco, large and dramatic leaded glass windows, covered garage and more. This magnificent property is an architectural gem loaded with original character that will take your breath away. Come make Catalina your new home!

  • March, 2022

  • Mar 25, 2022

    Date

    Leased

    CRMLS: 22123861

    $3,198

    Price

  • Feb 1, 2022

    Date

    Active

    CRMLS: 22123861

    $3,398

    Price

  • Listing provided courtesy of CRMLS

    Looking for the perfect French Normandy style home with antiquity and modern renovation in K-Town? Just outside our community, find adventure around every corner with delicious restaurants, quirky shops, and endless entertainment. When it's time to venture further, connecting to major commute routes to the rest of LA is easy. Major freeways are minutes away, plus our location gives you access to many public transit options including the Metro. The Orange line, Amtrak, and Metrolink are close by as well and offer the convenience whether you work in Downtown Los Angeles or are a USC Trojan, these apartments are a short distance from either location. Conveniently located minutes away from LA Live and the Staples Center on Figueroa, you will be close enough to enjoy the night life of Downtown LA, yet far enough to appreciate the peaceful quaint atmosphere. This property is a charming and unique building with striking art deco, large and dramatic leaded glass windows, covered garage and more. This magnificent property is an architectural gem loaded with original character that will take your breath away. Come make Catalina your new home!

  • September, 2021

  • Sep 13, 2021

    Date

    Active Under Contract

    CRMLS: 21780832

    $4,300,000

    Price

  • Sep 7, 2021

    Date

    Active

    CRMLS: 21780832

    $4,300,000

    Price

  • Listing provided courtesy of CRMLS

    For the first time in more than 40 years, we are pleased to exclusively offer this property for sale. A charming and unique 1938 French Normandy style building with 17,365/sf living area, striking art deco, large and dramatic leaded glass windows and more. This magnificent property is an architectural gem loaded with original character that will take your breath away. Sold-As-Is.

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Tax History for 503 S Catalina St

Assessed Value (2020): $535,834
Year Land Value Improved Value Assessed Value
2020 $353,843 $181,991 $535,834

Home Value Compared to the Market

This property vs the competition

503 S Catalina St is listed 242.43% higher than the median list price for the city of Los Angeles which has a median list price of $1,249,888. The median price per/sqft for Los Angeles is $771 and this home is listed at $246.47 per/sqft which puts the price per square foot 68.03% lower than the median price per square foot for the city of Los Angeles.

About 503 S Catalina St

Detailed summary of property

503 S Catalina St is a multi family located in Los Angeles, CA 90020 and is currently in escrow to be sold. This multi family property offers 22 bedrooms, 14 bathrooms, roughly 17,365 living square feet, and sits on an approximately 17,156 square foot lot. 503 S Catalina St was first listed on ArdentRealEstateGroup.com on January 14, 2023. The homeowner is currently asking $4,280,000 and was originally asking $4,650,000. The median priced home in Los Angeles is $1,249,888 with a median price per square foot of $771. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 242.43% higher than the median priced home. Local competing homes currently for sale include 204 N Manhattan Pl, 1050 S Park View St and 548 N Westmoreland Ave. While the average home in Los Angeles, CA is selling in 96 days, 503 S Catalina St has a days on market of 464 days. There are currently 3431 homes for sale in the Los Angeles real estate market and 2328 of them are single family homes while 1008 of them are condos and 90 are townhomes. For more information on this home for sale at 503 S Catalina St Los Angeles, CA 90020 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 503 S Catalina St

Public county record property details
Beds
20
Baths
--
Year built
1938
Sq. Ft.
17,365
Lot Size
17,156
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
1,2
APN
5502-021-008

The source for these homes facts are from public records.

90020 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$751,000
Median List Price/Sq.Ft.
$644
Median Sold Price
$635,000
Median Sold Price/Sq.Ft.
$734
Total Inventory
48
Median Sale to List Price %
97.84%
Avg Days on Market
19
Loan Type
Conventional (20%), FHA (0%), VA (0%), Cash (0%), Other (20%)

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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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