351 S Catalina, Los Angeles, California 90020, Los Angeles, 90020 - bed, bath
351 S Catalina
Los Angeles, California 90020
Property Price
SUMMARY
Analysis of 351 S Catalina, Los Angeles, California 90020 is currently available with a list price of $2,099,000. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the Los Angeles Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
Property is new construction or fully renovated.
The property has undergone a comprehensive, top-to-bottom renovation that effectively renders it as new construction. It features high-end modern finishes including matte black shaker cabinets, quartz countertops, Thor stainless steel appliances, micro-cement walk-in showers, and brushed gold fixtures. All major systems—including HVAC, electrical, plumbing, and windows—have been replaced or upgraded to current standards, leaving no deferred maintenance.
PROSSTRENGTHS & OPPORTUNITIES
- Comprehensive Turnkey Renovation
The property functions as new construction with entirely updated infrastructure, including new sewer/water lines, electrical systems, HVAC, and insulation, eliminating deferred maintenance concerns.
- Exceptional Parking Ratio
Offering 12 off-street parking spaces and 4 EV chargers for just four units is a rare and high-value asset in the dense Koreatown market, significantly boosting tenant retention.
- Strong Investment Yield
The asset delivers a competitive 6% cap rate and a 14.2 GRM with an annual income of $160,800, supported by a structure where tenants pay 100% of all utilities.
CONSRISKS & DEFICIENCIES
- Underperforming Local Schools
Most assigned public schools in the immediate vicinity have low ratings (3/10), which may deter high-income families or long-term tenants with school-aged children.
- Market Pricing Adjustments
The property has seen multiple price reductions since its initial listing, indicating that the original valuation was aggressive for the current market climate.
- Limited Visual Transparency
The use of virtually staged photos and 'do not disturb tenant' restrictions can make it difficult for buyers to gauge the true lived-in condition and layout of all units prior to an offer.
About 351 S Catalina
THIS IS BASICALLY A NEW CONSTRUCTION. ABSOLUTELY EVERYTHING INSIDE & OUT OF THIS PROPERTY HAS BEEN RENOVATED TO BRAND NEW! Fully Renovated, Turnkey 4-Unit in Prime Koreatown An exceptional, hassle-free multifamily investment in one of Los Angeles’ most desirable neighborhoods. This fully modernized four-unit property has been upgraded from top to bottom—no deferred maintenance, no guesswork. Unit Mix (2) 3 Bed / 2 Bath (1) 2 Bed / 2 Bath (1) 2 Bed / 1 Bath One 3 Bed / 2 Bath can be delivered vacant at COE Upper units feature 10-foot ceilings Complete Renovation Highlights Infrastructure: New sewer & water lines, water heaters, full electrical upgrade, and 4 onsite EV chargers Interiors: In-unit washer/dryer, brand new stainless steel appliances, dishwashers, energy-efficient central HVAC, every wall has new insulation, CAT6 ethernet in every room Finishes: Matte black shaker cabinets, quartz countertops, stainless steel appliances, LVP flooring, new doors, drywall, baseboards paint, and blinds Bathrooms: 7 fully rebuilt bathrooms with micro-cement walk-in showers & tubs, new vanities, toilets, and brushed gold fixtures Exterior: Motorized security gate, roof repairs, 33 new black Milgard double-pane windows, updated & maintained landscaping Property Highlights -2 driveways with 12 off-street parking spaces -Schlage keyless entry for building and units -Nest smart thermostats -Brand new stainless -$160,800 annual rental income -6% cap rate | 14.2 GRM -Tenants pay 100% of utilities (separate gas meters, electrical meters, and water heaters) -Walk Score: 92 Additional Notes Photos are virtually staged. Do not disturb tenants. Listing agent holds ownership interest.
Property Details
Public Facts
- Property Type
- Quadruplex
- Year Built
- 1921
- Lot Size
- 5,488 Sq. Ft.
Interior
- Total Bedrooms
- -
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Los Angeles Unified Schools
Frank Del Olmo Elementary School
Grades K-6 • 0.4 mi
Cahuenga Elementary School
Grades K-5 • 0.6 mi
Dr. Sammy Lee Medical And Health Science Magnet Elementary
Grades K-5 • 0.6 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | - | - | 0% |
| Baths | - | - | 0% |
| Square foot | - | - | 0% |
| Lot Size | - | - | 0% |
| Price | - | - | 0% |
| Price per sq ft | - | - | 0% |
| Built year | 1921 | - | 0% |
| HOA | $0 | $0 | 0% |
| Days on market | - | - | 0% |
Pricing History
Listed for Sale
Feb 11, 2026
$2,099,000
$2,195,000
-4% Price Drop
Initial Listing
Price Change
Jan 30, 2026
$2,195,000
$2,249,000
-2% Price Drop
Initial Listing
Price Change
Jan 29, 2026
$2,249,000
$2,295,000
-2% Price Drop
Initial Listing
Price Change
Jan 18, 2026
$2,295,000
Initial Listing
Sold
Mar 1, 2024
$1,490,000
Public Record
Sold
May 23, 2011
$545,000
Public Record
Sold
Mar 15, 2005
$795,000
Public Record
Sold
May 21, 2004
$715,000
Public Record