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231 N Catalina Street

Los Angeles (City), CA 90004
  • $1,350,000
  • STATUS: Active
  • ON SITE: 26 Days
  • ID#: 22151819
UPDATED: 78 min ago
$1,350,000
  • 0
    BEDS
  • 0.17
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1951
County:

School Ratings & Info

Listing Agent(s): Meir Frydman of Kw Advisors (310-482-2200)


Description

The triplex investment opportunity is located in Koreatown. The property is being sold in "As-Is" condition. The property consists of two buildings. The one story front house is approximately 1,586 SF and was built in 1925 consisting of 2 bedrooms and 1 bathroom. The two story building in the back is approximately 1,059 SF, built in 1951, & consists of a 1 bedroom / 1 bathroom unit & 1 studio unit. The STUDIO UNIT IS VACANT and is ideal for a owner user and or a developer. The property has a three car garage located in the rear of the property and has ample open spaces for more in the back. An astute investor should view this opportunity as a rare chance to purchase this asset for a number of reasons. Lock in on attractive low 30 year fixed financing. Additionally the lot is 7412 sq ft that has a LAR3 zoning with TIER 3 TOC that potentially allows to build up to 17 units on the property. Another direction an investor may choose to take is to add ADU's increasing the overall value of the property. Metro Red Line is 3 short blocks away and bus lines are all around.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2022-05-25T23:29:22.76. 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 deemed reliable but is not guaranteed accurate by the MLS or Legacy 15 Real Estate Brokers. Licensed in the State of California, USA.
www.legacy15.com/homes/128225887
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231 N Catalina Street Los Angeles (City), CA 90004

  • Price: $1,350,000
  • Status: Active
  • On Site: 26 Days
  • Updated: 78 min ago
  • ID#: 22151819
0
Beds
0
Baths
0
½ Baths
0.17
Acres
1951
Built
Neighborhood:
C17 - Mid-Wilshire
County:
Los Angeles
Area:
C17 - Mid-Wilshire
Property Description
The triplex investment opportunity is located in Koreatown. The property is being sold in "As-Is" condition. The property consists of two buildings. The one story front house is approximately 1,586 SF and was built in 1925 consisting of 2 bedrooms and 1 bathroom. The two story building in the back is approximately 1,059 SF, built in 1951, & consists of a 1 bedroom / 1 bathroom unit & 1 studio unit. The STUDIO UNIT IS VACANT and is ideal for a owner user and or a developer. The property has a three car garage located in the rear of the property and has ample open spaces for more in the back. An astute investor should view this opportunity as a rare chance to purchase this asset for a number of reasons. Lock in on attractive low 30 year fixed financing. Additionally the lot is 7412 sq ft that has a LAR3 zoning with TIER 3 TOC that potentially allows to build up to 17 units on the property. Another direction an investor may choose to take is to add ADU's increasing the overall value of the property. Metro Red Line is 3 short blocks away and bus lines are all around.
Exterior Features

Architectural Style Other Direction Faces East Parking Features Garage Parking Total 3

Property Features

Association Fee 0 Community Features Gated Garage YN Yes Gross Income 0 Listing Agreement Seller Reserved Listing Service Full Service Net Operating Income 0 New Construction YN No Rent Control YN Yes Security Features Gated Community Senior Community YN No Special Listing Conditions Standard Vacancy Allowance Rate 1 Zoning Lar3



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-05-25T23:29:22.76. 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 deemed reliable but is not guaranteed accurate by the MLS or Legacy 15 Real Estate Brokers. Licensed in the State of California, USA.
 
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Legacy 15 Real Estate Brokers
22521 Avenida Empresa Suites 100 & 102
Rancho Santa Margarita CA, 92688
Listing Agent(s): Meir Frydman of Kw Advisors (310-482-2200)