Los Angeles, CA 90020,351 S Catalina
Los Angeles, CA 90020,351 S Catalina
Los Angeles, CA 90020,351 S Catalina
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The Warburton Team Brokered By EXp

The Warburton Team Brokered By EXp

+1(626) 630-2141
$2,295,000
Est. payment /mo
5,488 Sqft Lot
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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

MLS Listing ID DW26012688

HOA Y/N No

Year Built 1921

Lot Size 5,488 Sqft

Property Sub-Type Quadruplex

Property Description

Fully Renovated, Turnkey 4-Unit Investment in Prime Koreatown!

Discover your next perfect, hassle-free investment in one of Los Angeles' most sought-after neighborhoods. This fully modernized four-unit multifamily property has been upgraded from top to bottom—no detail overlooked—making it an ideal addition to any portfolio.


Apartment sizes consist of two 3 bed, 2 bath apartments, one 2 bed, 2 bath apartment, and one 2 bed, 1 bath apartment with one 3 bed, 2 bath being vacant at COE if needed! Complete renovations include:

-Infrastructure Upgrades: New sewer lines, water lines, water heaters, and full electrical modernization (wiring, subpanels, switches, outlets, and lighting) including 4 onsite EV chargers.

-Modern Comforts: In-unit washer/dryer hookups, new dishwashers hookups, and new energy-efficient central HVAC and ducting.

-Stylish Finishes: New doors, blinds, drywall, fresh paint, matte black shaker kitchen cabinets with quartz countertops, premium stainless-steel appliances, and new durable LVP flooring.

-Bathroom Remake: 7 new full bathrooms including new micro-cemented walk in showers & bathtubs, new toilets, new vanities, and new brushed gold plumbing fixtures.

-Exterior Enhancements: Motorized, remote-controlled driveway security gate, roof repairs, and 33 all new black double pane Milgard windows.


Property Highlights:

-2 driveways with a total of 12 off-street parking spaces.

-EV chargers, CAT6 ethernet ports in every room, full Schlage hardware keyless entry into building and all apartments, and Nest smart thermostats.

-$160,800 annual rental income.

-Attractive almost 6% cap rate and 14.2 GRM.

-RESIDENTS PAY 100% OF ALL UTILITIES; each apartment has its own electrical meter, gas meter, and water heater.

-Prime location with a Walk Score of 92.


Additional Information:

Photos are virtually staged with furniture. One 3 bed, 2 bath unit can be vacant at COE. Do not disturb tenants. The listing agent holds ownership in the property.

Location

State CA

County Los Angeles

Area C17 - Mid-Wilshire

Interior

Heating Central

Cooling Central Air

Flooring Vinyl

Fireplaces Type None

Fireplace No

Appliance Dishwasher, Free-Standing Range, Freezer, Disposal, Gas Oven, Gas Range, Microwave, Refrigerator, Water Heater, Dryer, Washer

Exterior

Exterior Feature Rain Gutters

Parking Features Assigned, On Site, Off Street

Fence Excellent Condition

Pool None

Community Features Curbs, Gutter(s), Storm Drain(s), Sidewalks

Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

Roof Type Elastomeric

Total Parking Spaces 12

Private Pool No

Building

Lot Description Near Public Transit

Story 2

Foundation Raised

Sewer Public Sewer

Water Public

Architectural Style Spanish

New Construction No

Others

Senior Community No

Tax ID 5502005010

Security Features Carbon Monoxide Detector(s),Security Gate,Smoke Detector(s)

Acceptable Financing Cash, Conventional, Cal Vet Loan, 1031 Exchange, FHA, VA Loan

Listing Terms Cash, Conventional, Cal Vet Loan, 1031 Exchange, FHA, VA Loan

Special Listing Condition Standard

Read Less Info
CRMLS – RECore
Listed by Ryan Smagacz Real Broker 951-296-8095

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