$2,425,000
SOLD JAN 28, 2025
15 Beds
18 Baths
14,514 Sq Ft
9,348 Sq Ft Lot

Recently Sold

$167 Per Sq Ft

8% Below List Price

30 Days on Market

About This Home

As of January 2025

212 South Catalina Street is an 18-unit apartment building located in the highly desirable neighborhood of Koreatown. The property is a 3-storied apartment complex built in 1925 with a two-tone colored facade and boasts three (3) studio units and fifteen (15) one bedroom units. The units are separately metered for electric and the landlord pays for the water and the gas. The units are spread across 14,514 rentable square feet which means each unit measures approximately over 700 square feet. The property is being offered for sale for the first time in close to 50 years and there is approximately 43% rental upside that can be achieved as units turnover.

Last Agent to Sell the Property

Andres Diaz

Keller Williams Downtown LA License #01956479 Listed on: 12/03/2024

Keller Williams Downtown LA

Last Buyer's Agent

Julio Ruiz

Global Platinum Properties, Inc. License #01911261

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1925

Lot Details

  • 9,348 Sq Ft Lot

Interior Spaces

  • 14,514 Sq Ft Home
  • 3-Story Property

Bedrooms and Bathrooms

  • 15 Bedrooms
  • 18 Bathrooms

Parking

  • 2 Parking Spaces
  • Gated Parking

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Heating System Mounted To A Wall or Window

Community Details

  • 18 Units

Listing and Financial Details

  • Tenant pays for electricity
  • The owner pays for water, gas, gardener
  • Assessor Parcel Number 5518-022-003

Property Details

Home Type

Multi-Family

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Levels: Three Or More
  • Street Number Display: Yes
  • Living Area: 14514
  • Lot Acreage: 0.2146
  • Stories: 3
  • Year Built: 1925
  • Number Of Photos: 9
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 15
  • Total Bathrooms: 18.00
  • Price Per S Q F T: 182.58

Exterior Features

  • Other Structures: None

Garage/Parking

  • Parking Garage: Gated
  • Total Parking: 2

Utilities

  • Cooling: Wall Unit(s)
  • Heating: Wall

Lot Info

  • Assessed Improvement Percent: 68.42
  • Assessed Improvement Value: 297363
  • Assessed Land Percent: 31.58
  • Assessed Land Value: 137231
  • Total Assessed Value: 434594
  • Assessor Parcel Number: 5518-022-003
  • Lot Size Area: 9348

Rental Info

  • Owner Pays: Water, Gas, Gardener
  • Tenant Pays: Electricity

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 9.73
  • Number Of Units: 18
  • Total Annual Expense: 122167
  • Type Of Units: Market
  • Vacancy Rate: 0%

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/28/2025 01/28/25 Sold $2,425,000 -8.5% $167 / Sq Ft
12/03/2024 12/03/24 For Sale $2,650,000 -- $183 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 24-468683

The MLS