Property listed by Keller Williams Beverly Hills, Adam Shamooelian 310-432-6400
$1,355,000
We are pleased to offer the opportunity to acquire this turn-key four (4) unit Multi-Family/Student Housing investment on 2515 S. Catalina St., located within close proximity to the University of Southern California (USC) & Downtown LA. The property features a unit mix of one (1) 5 bedroom + 3 bathroom… Read More unit, one (1) 4 bedroom + 2 bathroom unit (delivered vacant), one (1) 2 bedroom + 2 bathroom unit, as well as one (1) non-conforming studio unit (Approximately 200sf). All four units have been recently remodeled with brand new vinyl flooring, stainless steel appliances, updated plumbing, electrical, bathrooms and kitchens! Additionally, the units are currently being rented to students with leases expiring on July 31st 2025, giving any buyer the opportunity to hand-pick their tenants with a fully vacant turnkey four-plex! The investment also allows the opportunity to further increase cash flow by adding multiple Accessory Dwelling units (ADU's- Buyer to Verify) in between the front and back units. Given the location, attractive local area amenities, and opportunity to increase rental income via development as well as impending vacancy, this investment presents an excellent opportunity for an investor to acquire a desirable apartment building in the attractive USC/Downtown LA submarket. (Property is located in the Historic Preservation Overlay Zone) Read Less
Listing Snapshot
Days Online
57
Last Updated
Property Type
Other
Beds
12
Square Ft.
3,320
Lot Size
0.13 Acres
Year Built
1918
MLS Number
25494781
30 Days Snapshot Of 90007
$1,000k
+8%
(avg) sold price
1
0%
home sold
64
+72%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1918, Building area total: 3,320, Levels: MultiSplit, Living area: 3320, 3 buildings
Income
Gross income: $130,218, Net operating income: $97,000
Lot
0.1289 acres, 5,613 square feet, Size: 5,613
Parking
6 totals parking
Property
Zoning: LAR2
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