109 S Catalina Street, Los Angeles, California 90004, Los Angeles, 90004 - 0 bed, 0 bath
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Los Angeles, California 90004
This Value-Add Quadruplex Asset represents a Strong Value Opportunity with a List Price of $1,600,000—positioned well below the $1,699,179 Fair Market Value by 5%. This strategic pricing provides $99,179 in Instant Equity. While maintaining a Condition Rating of 4, the property features exceptionally spacious 1,360 sqft units and a large 8,529 sqft lot with significant ADU Potential. Located in the high-demand Mid-Wilshire/Koreatown corridor, the asset offers substantial upside through modernization and market-rate rent adjustments. It is a premier acquisition for Buy-and-Hold Investors and Value-Add Developers.
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 | $307 | - |
A 328 N Mariposa Pending | $1,350,000 List Price | 0 | 0 | 5,782 | $233 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1921, this century-old quadruplex is functional and fully occupied but shows clear signs of aging infrastructure. While the exterior appears maintained, the lack of interior photos combined with the 'value-add' description and below-market rents suggests that the kitchens, bathrooms, and internal systems are outdated and require modernization to meet current market standards.
The expansive 8,529 sqft lot provides a prime opportunity for ADU (Accessory Dwelling Unit) additions, while the current below-market rents offer substantial upside for future income growth.
Each 2-bedroom unit spans approximately 1,360 sqft and includes formal dining rooms, family rooms, and fireplaces, offering a scale and layout rarely found in standard rental stock.
Centrally located near Koreatown and Downtown LA, the property benefits from high rental demand, excellent transit accessibility, and proximity to popular dining and entertainment hubs.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 5540, other record living area = 5400.
Built in 1921, the property likely requires significant capital expenditure for modernizing systems and maintaining the structural integrity of a century-old building.
The presence of long-term tenants in a high-demand Los Angeles submarket means the owner must navigate RSO (Rent Stabilization Ordinance) regulations, which can slow the realization of market-rate returns.
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 | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 5,540 | 3,464 | 67% |
| Lot Size | 8,529 | 7,607 | 67% |
| Price | $1.60M | $1.10M | 67% |
| Price per sq ft | $289 | $296 | 33% |
| Built year | 1921 | 1921 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 51 | 51 | 67% |
Mar 2, 2026
$1,600,000
Initial Listing