Listing Courtesy Of:
Keller Williams Beverly Hills, 310-432-6400, Adam Shamooelian
Local Realty Services Provided By:
Keller Williams Realty Larchmont
Overview
What It'll Cost
Neighborhood
Similar Homes
$1,355,000
2515 S Catalina St, Los Angeles, CA 90007
12 Beds
8 Baths
3,320
sq ft
.13
ac
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$1,355,000
2515 S Catalina St, Los Angeles, CA 90007
Estimation provided by Keller Williams Realty Inc.
12 Beds
8 Baths
3,320
sq ft
.13
ac
Active
For Sale
Property Description
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 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)
Assessed Value is a combination of the land and additions.
2023
$13,586
(+4.81%)
$1,090,380
Land 714,000 +
Additions 376,380
2022
$12,962
(+255.63%)
$276,383
Land 165,833 +
Additions 110,550
2021
$3,645
(+2.92%)
$276,383
Land 165,833 +
Additions 110,550
2019
$3,542
(+737,739.58%)
$273,550
Land 164,133 +
Additions 109,417
2017
$0.48
$262,929
Land 154,667 +
Additions 103,107
The Property History data displayed is obtained from public records and/or MLS feeds from the local jurisdiction in which the applicable property is located. As kw.com cannot guarantee that all public records and MLS data is accurate and error-free, it is important that you contact your agent directly in order to obtain the most up-to-date information available.
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