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    231 N Catalina Street

    Los Angeles, CA 90004
    • $1,150,000
    • STATUS: ACTIVE
    • ON SITE: 25 days
    • ID#: 302989143
    UPDATED: 32 min ago
    $1,150,000
    • 3
      BEDS
    • 0.17
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    County:

    School Ratings & Info

    Description

    Koreatown triplex, perfect for owner occupants, investors, AND developers! Below market rents with one unit delivered vacant at closing. OWNER OCCUPANTS: Live in one unit and rent the other units to pay some (or all) of your mortgage! You have 3 options: live in a studio apartment with private patio, 1-bedroom apartment above the garage, or 2-bedroom house in front with enclosed front porch, dining room, and bonus room. INVESTORS: Diverse and attractive unit mix, with huge rent upside potential in a prime Koreatown triplex, perfect for owner occupants, investors, AND developers! Below market rents with one unit delivered vacant at closing. OWNER OCCUPANTS: Live in one unit and rent the other units to pay some (or all) of your mortgage! You have 3 options: live in a studio apartment with private patio, 1-bedroom apartment above the garage, or 2-bedroom house in front with enclosed front porch, dining room, and bonus room. INVESTORS: Diverse and attractive unit mix, with huge rent upside potential in a prime location. Plus, 3 single car garages and additional covered parking in the rear, a rarity for this area. Rehab units to instantly add value. DEVELOPERS: R3-1 zoning in a Tier 3 TOC and QUALIFIED OPPORTUNITY ZONE. Sandwiched between an 8-Unit apartment and 10-Unit apartment, this lot is underutilized. See new construction across the street at 240 and 246 N. Catalina St. 6 units being built on similar lots with the same zoning. GREAT LOCATION! Walkscore of 89, with plenty of restaurants, stores, and public transportation within walking distance (Metro Red Line is 3 short blocks away and bus lines are all around). Minutes from Downtown and 101/110/10 freeways, perfect for commuters.

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    This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2021 San Diego MLS, Inc. Licensed in the state of California.
    www.yournextcalihome.com/homes/112854820
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    231 N Catalina Street Los Angeles, CA 90004

    • Price: $1,150,000
    • Status: ACTIVE
    • Updated: 32 min ago
    • ID#: 302989143
    3
    Beds
    0
    Baths
    0
    ½ Baths
    0.17
    Acres
    Neighborhood:
    Los Angeles (90004)
    County:
    Los Angeles
    Area:
    Los Angeles (90004)
    Property Description
    Koreatown triplex, perfect for owner occupants, investors, AND developers! Below market rents with one unit delivered vacant at closing. OWNER OCCUPANTS: Live in one unit and rent the other units to pay some (or all) of your mortgage! You have 3 options: live in a studio apartment with private patio, 1-bedroom apartment above the garage, or 2-bedroom house in front with enclosed front porch, dining room, and bonus room. INVESTORS: Diverse and attractive unit mix, with huge rent upside potential in a prime Koreatown triplex, perfect for owner occupants, investors, AND developers! Below market rents with one unit delivered vacant at closing. OWNER OCCUPANTS: Live in one unit and rent the other units to pay some (or all) of your mortgage! You have 3 options: live in a studio apartment with private patio, 1-bedroom apartment above the garage, or 2-bedroom house in front with enclosed front porch, dining room, and bonus room. INVESTORS: Diverse and attractive unit mix, with huge rent upside potential in a prime location. Plus, 3 single car garages and additional covered parking in the rear, a rarity for this area. Rehab units to instantly add value. DEVELOPERS: R3-1 zoning in a Tier 3 TOC and QUALIFIED OPPORTUNITY ZONE. Sandwiched between an 8-Unit apartment and 10-Unit apartment, this lot is underutilized. See new construction across the street at 240 and 246 N. Catalina St. 6 units being built on similar lots with the same zoning. GREAT LOCATION! Walkscore of 89, with plenty of restaurants, stores, and public transportation within walking distance (Metro Red Line is 3 short blocks away and bus lines are all around). Minutes from Downtown and 101/110/10 freeways, perfect for commuters.
    Exterior Features

    Pool N/K Site Sidewalks

    Interior Features

    Total Baths Unit1 1 Total Baths Unit2 1 Total Baths Unit3 1

    Property Features

    Annual Expense Actual 0 Assessments Yes/Remarks Buildings 2 Gross Scheduled Income Actual 0 Home Owners Fees 0.0 Miscellaneous Value in Land Tenant Pays TrashElectricityGas/Propane Terms Cash Unit Number For Unit1 1 Unit Number For Unit2 2 Unit Number For Unit3 3 Unit1 Rent Actual 1689.0 Unit2 Rent Actual 0.0 Unit3 Rent Actual 746.0 Zoning Assessor

    Listing provided courtesy of Expert Real Estate. Listing information © 2021 San Diego MLS Inc. Source: CRMLS
    This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2021 San Diego MLS, Inc. Licensed in the state of California.
     
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    The Legacy Real Estate Team
    10620 Treena St, Suite 230
    San Diego CA, 92131