2659 S Catalina Street, Los Angeles, CA 90007

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Glen Henderson

[email protected] +1(619) 889-7646

$1,725,000

Est. payment - /mo

11 Beds

12 Baths

7,921 Sqft Lot

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Pending

Purchase Type For Sale

MLS Listing ID SR25139354

Bedrooms 11

HOA Y/N No

Lot Size 7,921 Sqft

Property Sub-Type Res Income 2-4 Units

Property Description

Prime 10-Unit Income Property Near USC with Vacancy & Rental Upside Located just minutes from USC, Exposition Park, and Downtown LA, this is a value-add investors dream in the highly desirable University Park neighborhood. This charming 10-unit multifamily asset offers both stable income and clear upside potential through turnover and repositioning. The unit mix includes: 2 x 2-Bedroom Units 7 x 1-Bedroom Units 1 x Studio/Single Offering a rare opportunity to immediately begin increasing revenue. Two of the units have projected market rents of $2,400/month, and existing rents across the property are substantially below market, leaving room for meaningful income growth. The property is located in a Tier 3 TOC and CPIO overlay zone, and is zoned LARD1.5, presenting potential for ADU conversion, redevelopment, or additional density (buyer to verify). On-site parking and individual unit layouts add to its long-term appeal. With high rental demand driven by proximity to transit, USC, and major employment centers, this is an exceptional opportunity to acquire a centrally located Los Angeles multifamily property with strong fundamentals and value-add potential.
Prime 10-Unit Income Property Near USC with Vacancy & Rental Upside Located just minutes from USC, Exposition Park, and Downtown LA, this is a value-add investors dream in the highly desirable University Park neighborhood. This charming 10-unit multifamily asset offers both stable income and clear upside potential through turnover and repositioning. The unit mix includes: 2 x 2-Bedroom Units 7 x 1-Bedroom Units 1 x Studio/Single Offering a rare opportunity to immediately begin increasing revenue. Two of the units have projected market rents of $2,400/month, and existing rents across the property are substantially below market, leaving room for meaningful income growth. The property is located in a Tier 3 TOC and CPIO overlay zone, and is zoned LARD1.5, presenting potential for ADU conversion, redevelopment, or additional density (buyer to verify). On-site parking and individual unit layouts add to its long-term appeal. With high rental demand driven by proximity to transit, USC, and major employment centers, this is an exceptional opportunity to acquire a centrally located Los Angeles multifamily property with strong fundamentals and value-add potential.

Location

State CA

County Los Angeles

Area Los Angeles (90007)

Zoning Assessor

Interior

Heating Natural Gas

Exterior

Exterior Feature Stucco

Roof Type Composition

Building

Lot Description Sidewalks

Story 2

Lot Size Range 7500-10889 SF

Level or Stories 2 Story

Others

Monthly Total Fees $106

Space Rent $9,324

CFD/Mello-Roos Fee $1, 273

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Listed by Helen Johnson • Dynamic Realty& Investments

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Glen Henderson

+1(619) 889-7646

Broker Associate | CA BRE #01384181

Broker Associate CA BRE #01384181

San Diego Communities

2659 S Catalina Street Los Angeles, CA 90007

Glen Henderson

Key Details

Location

Interior

Exterior

Building

Others

Get More Information