2659 S Catalina ST Los Angeles, CA 90007
7,919 Sqft Lot
UPDATED:
Key Details
Property Type Apartment
Sub Type Apartment
Listing Status Pending
Purchase Type For Sale
MLS Listing ID SR25139354
Construction Status Turnkey
HOA Y/N No
Year Built 1964
Annual Tax Amount $2,910
Tax Year 2002
Lot Size 7,919 Sqft
Property Sub-Type Apartment
Property Description
Located just minutes from USC, Exposition Park, and Downtown LA, this is a value-add investor's dream in the highly desirable University Park neighborhood. This charming 10-unit multifamily asset offers both stable income and clear upside potential through turnover and repositioning.
The unit mix includes:
• 2 x 2-Bedroom Units
• 7 x 1-Bedroom Units
• 1 x Studio/Single
Offering a rare opportunity to immediately begin increasing revenue. Two of the units have projected market rents of $2,400/month, and existing rents across the property are substantially below market, leaving room for meaningful income growth.
The property is located in a Tier 3 TOC and CPIO overlay zone, and is zoned LARD1.5, presenting potential for ADU conversion, redevelopment, or additional density (buyer to verify). On-site parking and individual unit layouts add to its long-term appeal.
With high rental demand driven by proximity to transit, USC, and major employment centers, this is an exceptional opportunity to acquire a centrally located Los Angeles multifamily property with strong fundamentals and value-add potential.
Location
State CA
County Los Angeles
Area C37 - Metropolitan South
Zoning LAR2
Interior
Interior Features Bedroom on Main Level
Heating Natural Gas, Wall Furnace
Flooring Carpet
Fireplace No
Laundry None
Exterior
Parking Features Attached Carport, Concrete, Covered, Carport
Carport Spaces 10
Fence None
Pool None
Community Features Street Lights, Sidewalks, Urban
Utilities Available Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
View Y/N No
View None
Roof Type Composition
Accessibility None
Total Parking Spaces 10
Private Pool No
Building
Lot Description 0-1 Unit/Acre
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Construction Status Turnkey
Others
Senior Community No
Tax ID 5054030011
Energy Description 398.0
Acceptable Financing Cash to New Loan
Listing Terms Cash to New Loan
Special Listing Condition Trust
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