$2,950,000

Estimated payment $18,530/month

Total Views 4,154
14 Beds
16 Baths
6,166 Sq Ft
$478 Price per Sq Ft

About This Home

DreamERE, Commercial Expert Real Estate-SoCal Team, as exclusive advisor, is pleased to present the opportunity to acquire 2 residential buildings which are 1243-1243 half, 1245-1245 half Catalina St. LA, CA 90006. This sale offers the opportunity to purchase the property which is modern and luxury 3 beds/ 4 baths duplex of 2 residential condominiums. It has beautiful floor plans including attached garage space and also an open space at the front of the building. All the kitchen appliances are all renovated, washer and dryer are in unit.

Listing Agent

Sookil Shinkim

Dream ERE Brokerage Email: anny@dreamere.org License #01856614 Listed on: 02/05/2024

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $30,961

Year Built

  • Built in 1902

Lot Details

  • 5,910 Sq Ft Lot
  • 1 Common Wall
  • Density is 2-5 Units/Acre

Parking

  • 5 Open Parking Spaces
  • 3 Car Garage

Home Design

  • Duplex

Interior Spaces

  • 6,166 Sq Ft Home
  • 3-Story Property

Bedrooms and Bathrooms

  • 14 Bedrooms
  • 16 Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Listing and Financial Details

  • Legal Lot and Block 10 / 49
  • Assessor Parcel Number 5078031011
  • $283 per year additional tax assessments

Community Details

Overview

  • 2 Buildings
  • 4 Units

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 4 Separate Water Meters
  • Insurance Expense $2,000
  • Other Expense $600
  • Professional Management Expense $7,200
  • Operating Expense $9,800
  • Gross Income $191,107
  • Net Operating Income $151,182

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$30,961

Year Built

Built in 1902

Lot Details

0

Parking

3

Listing Details

  • Price Per Unit: 737500
  • Professional Management Expense: 7200.00
  • Property Attached: Yes
  • Zoning: LAR3
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 5078031011
  • Year Built: 1902
  • Special Features: None

Interior Features

  • Stories: 3
  • Entry Location: 1
  • Common Walls: 1 Common Wall
  • Entry Level: 1
  • Price Per Square Foot: 478.43

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 3.00
  • Total Parking Spaces: 8.00
  • Uncovered Spaces: 5.00

Utilities

  • Laundry: Yes
  • Laundry Features: Dryer Included, Washer Included
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 5910.00
  • Lot Size Acres: 0.1357

Multi Family

  • Gross Income: 191107.00
  • Gross Scheduled Income: 191107.00
  • Insurance Expense: 2000.00
  • Lot Size Area: 5910.0000 Square Feet
  • Net Operating Income: 151182.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 4
  • Number Of Units Total: 4
  • Operating Expense: 39925.00
  • Other Expense: 600.00
  • Other Expense Description: landscap
  • Rent Control: No
  • Total Expenses: 9800.00

Tax Info

  • Tax Block: 49
  • Tax Census Tract: 2133.20
  • Tax Lot: 10
  • Tax Tract Number: 0-067
  • TaxOtherAnnualAssessmentAmount: 283.00

Map

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $30,961 $2,608,660 $1,823,356 $785,304
2024 $30,961 $2,557,510 $1,787,604 $769,906
2023 $30,356 $2,507,363 $1,752,553 $754,810
2022 $28,933 $2,458,200 $1,718,190 $740,010
2021 $8,820 $727,459 $505,180 $222,279
2020 $8,910 $720,000 $500,000 $220,000
2019 $6,303 $136,531 $109,236 $27,295
2018 $1,803 $133,855 $107,095 $26,760
2016 $1,636 $128,660 $102,938 $25,722
2015 $1,613 $126,728 $101,392 $25,336
2014 $1,633 $124,246 $99,406 $24,840
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/01/2024 05/01/24 Rented $4,000 +11.1% --
04/17/2024 04/17/24 For Rent $3,600 0.0% --
02/05/2024 02/05/24 For Sale $2,950,000 0.0% $478 / Sq Ft
07/21/2022 07/21/22 Rented $3,500 0.0% --
04/22/2022 04/22/22 For Rent $3,500 0.0% --
07/15/2019 07/15/19 Sold $720,000 +2.9% $652 / Sq Ft
06/04/2019 06/04/19 For Sale $700,000 -- $634 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Purchase History

Date Type Sale Price Title Company
Grant Deed $2,410,000 Provident Title Company
Grant Deed $720,000 Lawyers Title
Interfamily Deed Transfer -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $3,000,000 Stand Alone Second
Previous Owner $1,457,500 New Conventional
Previous Owner $1,216,000 Construction
Previous Owner $50,000 Credit Line Revolving
Previous Owner $20,000 Credit Line Revolving
Source: Public Records

Similar Homes in Los Angeles, CA

  • 2367 W 18th St, Los Angeles, CA 90019

    $2,400,000

    • 10 Beds
    • 9 Baths
    • 7,562 Sq Ft
    • 2367 W 18th St
    • Los Angeles, CA

    Presenting this 9-Unit Multifamily Opportunity in Prime Mid-City Los Angeles, a rare investment opportunity located at the high-visibility corner of St. Andrews Place and 18th Street in the heart of Mid-City Los Angeles — one of the city's most sought-after rental submarkets. This two-story, gated apartment building consists of 9 units with a favorable mix of studio, one-bedroom, and two-bedroom

    Steve Kim Best Realty & Investment, Inc.

    Section Image
  • 5115 Clinton St Unit 1, Los Angeles, CA 90004

    $2,575,000

    • 10 Beds
    • 11 Baths
    • 5,393 Sq Ft
    • 5115 Clinton St
    • Unit 1
    • Los Angeles, CA

    Beautifully remodeled and high in-place cash flow trophy asset located in the heart of A+ Larchmont and just blocks away to Historic Hancock Park and Wilshire Country Club! This professionally managed building has been fully restored and is being offered a true 6.01% current cap rate (based on current rents, new tax rate, and May 2024 to May 2025 actual expenses). 6 of the 7 units are eligible

    Rob Kellner Avenue Realty Group

    Section Image
  • 803 N Kingsley Dr, Los Angeles, CA 90029

    $2,499,000

    • 14 Beds
    • 18 Baths
    • 5,390 Sq Ft
    • 803 N Kingsley Dr
    • Los Angeles, CA

    Modern 4-Plex in Prime Hollywood | Seller Financing Available up to 50% or seller buy down of the interest rate to below 5%! Available! Exceptional investment opportunity in the heart of the Hollywood Studio District! Built in 2019, this well-maintained 4-plex features two side-by-side duplexes, each with two-story, townhome-style units. Each duplex offers one 4 bed / 4.5 bath unit and one 3 bed

    Jonathan Kim Equity Union

    Section Image
  • 7401 Fountain Ave, Los Angeles, CA 90046

    $2,275,000

    • 8 Beds
    • 5 Baths
    • 6,040 Sq Ft
    • 7401 Fountain Ave
    • Los Angeles, CA

    Welcome to 7401 Fountain Avenue, a charming multi-unit property strategically positioned at the crossroads of West Hollywood and Los Angeles. This unique real estate offering comprises a four-unit apartment building (with one unit as Section 8) alongside a single-family home, which is currently configured as a one-bedroom, one-bathroom residence (previously two bedrooms). Marking its first

    Sebastian Wolski Compass

    Section Image
  • 1207 S Catalina St, Los Angeles, CA 90006

    $2,300,000

    • 8 Beds
    • 6 Baths
    • 3,911 Sq Ft
    • 1207 S Catalina St
    • Los Angeles, CA

    This 6-unit apartment building is located in the heart of Pico-Union, just south of Koreatown in Los Angeles. Built in 1962, the two-story wood-frame stucco structure includes (4) 1+1's and (2) 2+2's units. Each unit is separately metered for gas and electricity. The property features on-site laundry, and six parking spaces (five carports and one uncovered). Property has a new roof, On site

    Tony Dini Real Estate Source, Inc.

    Section Image
  • 1733 S New Hampshire Ave, Los Angeles, CA 90006

    $2,495,000

    • 16 Beds
    • 16 Baths
    • 5,935 Sq Ft
    • 1733 S New Hampshire Ave
    • Los Angeles, CA

    Presenting 1731-1733 S. New Hampshire Ave, a newly constructed, FULLY OCCUPIED, four-unit multifamily property built in 2023. This modern, well-maintained building is an exceptional opportunity for investors, with all four units fully occupied, generating $189,600 in yearly income and offering a strong 5.53% cap rate. The property features open-concept layouts, spacious bedrooms, and modern

    Michael Fitzgerald Power Brokers

    Section Image
  • 932 S Mariposa Ave, Los Angeles, CA 90006

    $2,450,000

    • 5 Beds
    • 16 Baths
    • 8,496 Sq Ft
    • 932 S Mariposa Ave
    • Los Angeles, CA

    We are pleased to present a sixteen (16) unit apartment building located at 932 S Mariposa Avenue in Los Angeles, California. The subject property is located in an ideal Koreatown location, south of Wilshire Boulevard and west of Vermont Avenue. This well-maintained 16-unit multifamily property offers an excellent unit mix consisting of twelve (12) studios, three (3) one-bedroom units, and one

    Jason Tuvia Marcus & Millichap

    Section Image
  • 836 S Catalina St, Los Angeles, CA 90005

    $2,250,000

    • 8 Beds
    • 8 Baths
    • 5,322 Sq Ft
    • 836 S Catalina St
    • Los Angeles, CA

    We are proud to present this value-add opportunity in Koreatown. The 8-unit building which sits on a 7,249 square foot LAR4 zoned lot is located just west of Vermont Avenue and south of 8th Street. Seven of the eight units have been extensively rehabbed, featuring new flooring, bathroom fixtures, and interior lighting. The unit mix consists of all one bedroom/one bathrooms. A new buyer has

    David Kaufman David Ballin Kaufman

    Section Image
  • 1805 S New England St, Los Angeles, CA 90006

    $3,100,000

    • 20 Beds
    • 19 Baths
    • 7,719 Sq Ft
    • 1805 S New England St
    • Los Angeles, CA

    Modern fourplex built in 2020/2021 located in the rapidly growing Pico-Union neighborhood, just minutes from USC, Downtown LA, Koreatown, and Echo Park. This non-rent-controlled property features three 5 bed/5 bath units and one 5 bed/4 bath unit, each designed with open layouts, high ceilings, stainless steel appliances, sleek cabinetry, stylish tilework, and multiple balconies. Residents enjoy

    Arash Pashaei Keller Williams Beverly Hills

    Section Image

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW24025798

California Regional Multiple Listing Service (CRMLS)

APN: 5078-031-011