109 S Catalina Street, Los Angeles, California 90004, Los Angeles, 90004 - 0 bed, 0 bath
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Los Angeles, California 90004
This High-Potential Investment Opportunity is a Quadruplex listed at $1,600,000, positioned above the $1,304,714 Fair Market Value. While the list price exceeds current market estimates, the property offers significant upside through its 8,529 sqft lot and ADU potential. With a Condition Rating of 5, the asset requires rehabilitation, yet the spacious 1,360 sqft units provide a strong foundation for value-add strategies. This is a strategic acquisition for Buy-and-Hold Investors or Value-Add Developers targeting long-term rental growth in the high-demand Mid-Wilshire area.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 109 S Catalina Street Subject | $1,600,000* List Price | 0 | 0 | 5,540 | $236 | - |
A 102 N Oxford Avenue Sold | $1,143,000 | 0 | 0 | 5,517 | $207 | 0.7 mi |
B 519 N Alexandria Sold | $1,130,000 | 0 | 0 | 3,464 | $326 | 0.5 mi |
C 328 N Mariposa Active | $1,350,000 List Price | 0 | 0 | 5,782 | $233 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Originally built in 1921, the property shows significant signs of deferred maintenance and aged systems. The bathrooms feature tiling and vanities that appear over 30-40 years old with visible wear, and the reliance on window AC units indicates a lack of modern central HVAC. While some rooms have been cosmetically touched up, the core systems and wet areas require a full rehabilitation to reach modern standards.
The property features a large 8,529 sqft lot with ADU potential and current rents well below market value, offering substantial upside for long-term equity growth.
Each 1,360 sqft unit is unusually spacious, featuring a fireplace, formal dining room, and dedicated laundry room, which enhances tenant retention and premium rent potential.
Situated in the high-demand Mid-Wilshire/Koreatown area near downtown LA and public transit, the property benefits from a high-density location with historically low vacancy rates.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 5540, other record living area = 5400.
Current rents are significantly lower than market rates, which may impact immediate cap rates and debt-coverage ratios for investors seeking day-one returns.
Built in 1921, the property likely requires ongoing maintenance or capital improvements to modernize aging systems and ensure compliance with current building standards.
Centrally located in Mid-Wilshire and Koreatown areas. It is a four-unit complex of 2 bedrooms and 1 bath each. Each unit is about 1360 square ft with a fireplace, living room, dining room, laundry room and family room. It is a perfect investment with a big lot and potential for ADU'S addition. Very low vacancy, minutes away from the freeway and downtown LA. near to local hotspots, dining, and public transportation, offering tenants comfort and accessibility. Long term and cooperative tenants. Four garages and ample parking area in back for tenants and guests. A high demand rental area. A lot of potential for rent increase as current rents are very low compared to market rent.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 5.0 |
| Baths | 0.0 | 3.0 |
| Square foot | 5,540 | 2,250 |
| Lot Size | 8,529 | 5,864 |
| Price | $1.60M | $826.7K |
| Price per sq ft | $289 | $395 |
| Built year | 1921 | 1925 |
| HOA | $0 | $0 |
| Days on market | 142 | 83 |
Mar 2, 2026
$1,600,000
Initial Listing