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2313 S Catalina St
Los Angeles, CA 90007
Multifamily Property For Sale
·
6 Units
INVESTMENT HIGHLIGHTS
- Excellent 6-Unit Value-Add Investment Opportunity with Significant Upside Potential
- Recent Exterior Upgrades: New roof, fencing, paint, and attractive landscaping
- Excellent Accessibility: Easy access to 10, 110 & 405 freeways plus major public transit
- Strong Unit Mix: Four (2Bed/1Bath) + Two (1Bed/1Bath)
- Prime Location: Located in the vibrant and highly desirable West Adams submarket of Los Angeles
- Value-Add Potential: One fully renovated unit; opportunity to renovate remaining five units and increase income
EXECUTIVE SUMMARY
Kidder Mathews is pleased to present 2313 S. Catalina Street, a six-unit multifamily investment opportunity located in the vibrant and highly desirable West Adams submarket of Los Angeles. Originally constructed in 1923, the Property is a single-story structure featuring two private patios and outdoor space ideal for BBQs and entertaining. One unit has been recently renovated to maximize rental income, while the balance of the property offers significant value-add potential.
The unit mix consists of four two-bedroom/one-bath units and two one-bedroom/one-bath units. The renovated unit showcases high-end finishes including laminate and tile flooring, upgraded plumbing and copper wiring, energy-efficient LED lighting, new base moldings, and modern kitchens with quartz countertops, new cabinetry, garbage disposals, glass tile backsplashes, and stainless-steel appliances. All units are equipped with in-unit washers and dryers.
Exterior and common area upgrades further enhance the property, including a new roof, updated fencing, fresh paint, and attractive landscaping. Investors have the opportunity to unlock substantial upside by renovating the remaining five units and capitalizing on additional rental income.
Strategically positioned in West Adams, the Property is located just minutes from Downtown Los Angeles and approximately one mile from the University of Southern California. Tenants enjoy convenient access to the 10, 110, and 405 freeways, as well as public transit. The surrounding neighborhood is undergoing significant revitalization, with numerous new mixed-use, multifamily, and affordable housing projects underway.
2313 S. Catalina Street is also in close proximity to major entertainment and cultural destinations including Crypto. com Arena, LA Live, and the Los Angeles Convention Center. This offering provides investors with the opportunity to acquire a well-located asset in a high-demand, recession-resistant market with a clear value-add component.
The unit mix consists of four two-bedroom/one-bath units and two one-bedroom/one-bath units. The renovated unit showcases high-end finishes including laminate and tile flooring, upgraded plumbing and copper wiring, energy-efficient LED lighting, new base moldings, and modern kitchens with quartz countertops, new cabinetry, garbage disposals, glass tile backsplashes, and stainless-steel appliances. All units are equipped with in-unit washers and dryers.
Exterior and common area upgrades further enhance the property, including a new roof, updated fencing, fresh paint, and attractive landscaping. Investors have the opportunity to unlock substantial upside by renovating the remaining five units and capitalizing on additional rental income.
Strategically positioned in West Adams, the Property is located just minutes from Downtown Los Angeles and approximately one mile from the University of Southern California. Tenants enjoy convenient access to the 10, 110, and 405 freeways, as well as public transit. The surrounding neighborhood is undergoing significant revitalization, with numerous new mixed-use, multifamily, and affordable housing projects underway.
2313 S. Catalina Street is also in close proximity to major entertainment and cultural destinations including Crypto. com Arena, LA Live, and the Los Angeles Convention Center. This offering provides investors with the opportunity to acquire a well-located asset in a high-demand, recession-resistant market with a clear value-add component.
PROPERTY FACTS
| Price Per Unit | $253,621 CAD | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 5% | Lot Size | 0.27 AC |
| Gross Rent Multiplier | 10.89 | Building Size | 5,126 SF |
| No. Units | 6 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 1 |
| Property Subtype | Apartment | Year Built | 1923 |
| Zoning | LAR2 - R2-1-HPOZ | ||
| Price Per Unit | $253,621 CAD |
| Sale Type | Investment |
| Cap Rate | 5% |
| Gross Rent Multiplier | 10.89 |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.27 AC |
| Building Size | 5,126 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1923 |
| Zoning | LAR2 - R2-1-HPOZ |
AMENITIES
UNIT AMENITIES
- Disposal
- Washer/Dryer
- Stainless Steel Appliances
- Quartz Countertops
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Picnic Area
- Tenant Controlled HVAC
- Grill
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 6 | - | - |
PROPERTY TAXES
| Parcel Number | 5054-022-021 | Improvements Assessment | $272,561 CAD |
| Land Assessment | $511,056 CAD | Total Assessment | $783,617 CAD |
PROPERTY TAXES
Parcel Number
5054-022-021
Land Assessment
$511,056 CAD
Improvements Assessment
$272,561 CAD
Total Assessment
$783,617 CAD
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