Property listed by Lyon Stahl Investment Real Estate, Inc., William James 310-425-9838
$1,800,000
1330 S. Catalina St. is a renovated apartment building consisting of two structures on a single lot. The front building features four two-bedroom, two bathroom units, with units 1330, 1332, and 1336 operating as individual bedroom rentals, while unit 1332 is leased to a single tenant. At the… Read More rear of the property, a three-bedroom, one-bathroom home offers individually rented bedrooms, maximizing rental income potential. The property presents a compelling investment opportunity, particularly in light of impending stricter rent control regulations. With strong rental income ($152,383/year) in place, a new investor can avoid legacy tenants and below market rent. The property has undergone extensive interior and exterior renovations, ensuring modernizing living spaces and long-term value. Additionally, the electrical system has been upgraded, improving safety and facilitating insurance coverage. The property is fully secured, offering controlled ingress and egress at both the front and rear, enhancing privacy and convenience for tenants. Read Less
Listing Snapshot
Days Online
15
Last Updated
Property Type
Other
Beds
11
Square Ft.
4,608
Lot Size
0.16 Acres
Year Built
1901
MLS Number
25513225
30 Days Snapshot Of 90006
$795k
+16%
(avg) sold price
2
-66%
homes sold
34
-40%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
Dishwasher, Refrigerator
Building
Built in 1901, Building area total: 4,608, Levels: MultiSplit, Living area: 4608, 2 buildings, Architectural style: Craftsman, Construction materials: WoodSiding
Community
Gated
Cooling
WallWindowUnits
Fireplaces
None
Heating
WallFurnace
Income
Gross income: $152,383, Net operating income: $103,341
Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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