1243 S Catalina Street, Los Angeles, California 90006, Los Angeles, 90006 - bed, bath
ACTIVE$2,950,000
1243 S Catalina Street, Los Angeles, California 90006
0Bed
0Bath
6,166Sqft
5,910Lot
Year Built
1902
Close
-
List price
$2.95M
Original List price
$2.95M
Price/Sqft
$478
HOA
-
Days on market
-
Sold On
-
MLS number
PW24025798
Home ConditionExcellent
Features
View-
About this home
We found 3 Cons,5 Pros. Rank: price - $2.95M(75th), sqft - 6166(75th), beds - undefined(50th), baths - undefined(50th).
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.
Nearby schools
/10
Mariposa-Nabi Primary Center
Public,•K-2•0.4mi
3/10
Magnolia Avenue Elementary School
Public,•K-6•0.5mi
3/10
Leo Politi Elementary School
Public,•K-5•0.5mi
3/10
Los Angeles Elementary School
Public,•K-5•0.6mi
3/10
Hobart Boulevard Elementary School
Public,•K-5•0.7mi
3/10
Rfk Community Schools - Ambassador School - Global Education
Public,•K-5•0.7mi
8/10
Hoover Street Elementary School
Public,•K-5•0.8mi
3/10
Macarthur Park Elementary School For The Visual And Performing Arts
Public,•K-5•1.1mi
5/10
Vermont Avenue Elementary School
Public,•K-5•1.2mi
2/10
Tenth Street Elementary School
Public,•K-5•1.2mi
2/10
Twenty-Fourth Street Elementary School
Public,•K-5•1.3mi
4/10
Norwood Street Elementary School
Public,•K-5•1.3mi
6/10
Carson-Gore Academy Of Enviornmental Studies
Public,•K-5•1.5mi
3/10
Berendo Middle School
Public,•6-8•0.2mi
5/10
Pio Pico Middle School
Public,•6-8•1.3mi
3/10
John H. Liechty Middle School
Public,•6-8•1.5mi
3/10
Johnnie Cochran, Jr., Middle School
Public,•6-8•1.9mi
4/10
John Adams Middle School
Public,•6-8•2.2mi
4/10
West Adams Preparatory High School
Public,•9-12•0.6mi
3/10
Rfk Community Schools-Ambassador-Global Leadership
Public,•6-12•0.8mi
4/10
Rfk Community Schools-Los Angeles High School Of The Arts
Public,•9-12•0.8mi
5/10
Rfk Community Schools- For The Visual Arts And Humanities
Public,•9-12•0.8mi
3/10
Belmont Senior High School
Public,•9-12•2.1mi
5/10
Foshay Learning Center
Public,•K-12•2.1mi
5/10
Santee Education Complex
Public,•9-12•2.3mi
3/10
Nava College Preparatory Academy
Public,•9-12•3.6mi
Price History
Date
Event
Price
05/13/21
Sold
$2,410,000
07/12/19
Sold
$720,000
Condition Rating
Excellent
Despite the original build year of 1902, the property has undergone an extensive, modern, and luxury renovation, as stated in the description and clearly depicted in the images. The kitchen features new stainless steel appliances, white shaker cabinets, modern countertops, and subway tile backsplash. Flooring throughout is a contemporary grey wood-look laminate. The exterior appears to be a new construction or a complete facade and structural overhaul. All visible components are new or virtually new, meeting current quality standards, indicating a recent and thorough renovation within the last 5 years.
Pros & Cons
Pros
Strong Income Potential: The property is explicitly categorized as 'Residential Income' and consists of two residential condominiums, offering dual rental income streams for investors.
Extensive Modern Renovation: Described as 'modern and luxury' with all kitchen appliances renovated and in-unit washer/dryer, indicating significant recent upgrades that enhance tenant appeal and property value.
Generous Living Space: With a total of 6166 sqft and two 3-bedroom, 4-bathroom units, the property offers substantial and comfortable living areas, appealing to a wider range of tenants.
Convenient Parking & Outdoor Space: Includes attached garage space and an open space at the front of the building, providing valuable and sought-after amenities in an urban Los Angeles setting.
Desirable Los Angeles Location: Situated in a central Los Angeles area (MLS C42 - Downtown L.A. adjacent), offering good access to urban amenities and proximity to several public schools, including some highly-rated options.
Cons
Advanced Age of Structure: Built in 1902, the property's original construction is over a century old, which may lead to higher long-term maintenance costs or potential unforeseen structural issues despite recent renovations.
High Capital Investment: The list price of $2.95 million represents a significant capital outlay, potentially limiting the pool of qualified buyers and requiring a strong financial commitment.
Unspecified Renovation Depth: While cosmetic and appliance upgrades are mentioned, the description lacks specific details on the renovation of critical infrastructure like plumbing, electrical, roofing, or HVAC systems, which is crucial for an older building.