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351 S Catalina, Los Angeles, California 90020, Los Angeles, 90020 - bed, bath

351 S Catalina, Los Angeles, California 90020 home-pic-0
ACTIVE$2,295,000$3,624/sqft
351 S Catalina, Los Angeles, California 90020
0Bed
0Bath
3,624Sqft
5,488Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Extensive Modernization: The property has undergone a 'top to bottom' renovation, including new infrastructure (sewer, water, electrical, HVAC), modern finishes, and updated bathrooms, offering a turnkey investment.
Top Cons:
Age of Original Structure: Despite extensive renovations, the building was constructed in 1921, which may present inherent challenges or require specific maintenance considerations for an older foundation and framework.

Compared to the nearby listings

Compared against 0 nearby listings

More Insights

Built in 1921 (105 years old).
Condition: This property, though built in 1921, has undergone a 'fully renovated, turnkey' transformation with extensive modernization. The description explicitly states 'top to bottom' upgrades including new infrastructure (sewer, water, electrical, HVAC), new energy-efficient windows, and roof repairs. The kitchens feature modern matte black shaker cabinets, quartz countertops, premium stainless-steel appliances (including a Thor refrigerator), and new LVP flooring. Bathrooms are equally modern with micro-cemented showers/tubs, new vanities, and brushed gold fixtures. All components appear new or virtually new, meeting current quality standards with no deferred maintenance, aligning perfectly with the 'excellent' criteria for a property extensively renovated within 5 years.
Year Built
1921
Close
-
List price
$2.29M
Original List price
$2.29M
Price/Sqft
$633
HOA
-
Days on market
-
Sold On
-
MLS number
DW26012688
Home ConditionExcellent
Features
View-

About this home

Fully Renovated, Turnkey 4-Unit Investment in Prime Koreatown! Discover your next perfect, hassle-free investment in one of Los Angeles’ most sought-after neighborhoods. This fully modernized four-unit multifamily property has been upgraded from top to bottom—no detail overlooked—making it an ideal addition to any portfolio. Apartment sizes consist of two 3 bed, 2 bath apartments, one 2 bed, 2 bath apartment, and one 2 bed, 1 bath apartment with one 3 bed, 2 bath being vacant at COE if needed! Complete renovations include: -Infrastructure Upgrades: New sewer lines, water lines, water heaters, and full electrical modernization (wiring, subpanels, switches, outlets, and lighting) including 4 onsite EV chargers. -Modern Comforts: In-unit washer/dryer hookups, new dishwashers hookups, and new energy-efficient central HVAC and ducting. -Stylish Finishes: New doors, blinds, drywall, fresh paint, matte black shaker kitchen cabinets with quartz countertops, premium stainless-steel appliances, and new durable LVP flooring. -Bathroom Remake: 7 new full bathrooms including new micro-cemented walk in showers & bathtubs, new toilets, new vanities, and new brushed gold plumbing fixtures. -Exterior Enhancements: Motorized, remote-controlled driveway security gate, roof repairs, and 33 all new black double pane Milgard windows. Property Highlights: -2 driveways with a total of 12 off-street parking spaces. -EV chargers, CAT6 ethernet ports in every room, full Schlage hardware keyless entry into building and all apartments, and Nest smart thermostats. -$160,800 annual rental income. -Attractive almost 6% cap rate and 14.2 GRM. -RESIDENTS PAY 100% OF ALL UTILITIES; each apartment has its own electrical meter, gas meter, and water heater. -Prime location with a Walk Score of 92. Additional Information: Photos are virtually staged with furniture. One 3 bed, 2 bath unit can be vacant at COE. Do not disturb tenants. The listing agent holds ownership in the property.

R
Ryan Smagacz
Listing Agent

Nearby schools

4/10
Frank Del Olmo Elementary School
Public,•K-6•0.4mi
5/10
Cahuenga Elementary School
Public,•K-5•0.6mi
7/10
Dr. Sammy Lee Medical And Health Science Magnet Elementary
Public,•K-5•0.6mi
3/10
Rfk Community Schools - Ambassador School - Global Education
Public,•K-5•0.7mi
6/10
Charles H. Kim Elementary School
Public,•K-5•0.7mi
4/10
Alexandria Avenue Elementary School
Public,•K-5•0.7mi
5/10
Commonwealth Avenue Elementary School
Public,•K-5•0.8mi
3/10
Harvard Elementary School
Public,•K-5•0.8mi
8/10
Hoover Street Elementary School
Public,•K-5•1.0mi
/10
Mariposa-Nabi Primary Center
Public,•K-2•1.0mi
3/10
Hobart Boulevard Elementary School
Public,•K-5•1.2mi
3/10
Wilton Place Elementary School
Public,•K-5•1.2mi
3/10
Leo Politi Elementary School
Public,•K-5•1.3mi
6/10
Wilshire Park Elementary School
Public,•K-5•1.3mi
3/10
Los Angeles Elementary School
Public,•K-5•1.4mi
6/10
Van Ness Avenue Elementary School
Public,•K-5•1.5mi
8/10
Third Street Elementary School
Public,•K-5•2.3mi
6/10
Carson-Gore Academy Of Enviornmental Studies
Public,•K-5•2.3mi
7/10
Queen Anne Place Elementary School
Public,•K-5•2.3mi
4/10
Young Oak Kim Academy
Public,•6-8•0.4mi
5/10
Virgil Middle School
Public,•6-8•0.5mi
3/10
Berendo Middle School
Public,•6-8•1.2mi
5/10
Pio Pico Middle School
Public,•6-8•2.0mi
6/10
Thomas Starr King Middle School
Public,•6-8•2.1mi
7/10
John Burroughs Middle School
Public,•6-8•2.4mi
3/10
Johnnie Cochran, Jr., Middle School
Public,•6-8•2.5mi
3/10
Rfk Community Schools-Ambassador-Global Leadership
Public,•6-12•0.5mi
4/10
Rfk Community Schools-Los Angeles High School Of The Arts
Public,•9-12•0.5mi
5/10
Rfk Community Schools- For The Visual Arts And Humanities
Public,•9-12•0.5mi
3/10
Belmont Senior High School
Public,•9-12•1.9mi
4/10
West Adams Preparatory High School
Public,•9-12•1.9mi
4/10
Los Angeles Senior High School
Public,•9-12•2.3mi
8/10
John Marshall Senior High School
Public,•9-12•3.0mi
7/10
Fairfax Senior High School
Public,•9-12•3.9mi

Price History

Date
Event
Price
03/01/24
Sold
$1,490,000
05/23/11
Sold
$545,000
03/15/05
Sold
$795,000
05/21/04
Sold
$715,000
Condition Rating
Excellent
This property, though built in 1921, has undergone a 'fully renovated, turnkey' transformation with extensive modernization. The description explicitly states 'top to bottom' upgrades including new infrastructure (sewer, water, electrical, HVAC), new energy-efficient windows, and roof repairs. The kitchens feature modern matte black shaker cabinets, quartz countertops, premium stainless-steel appliances (including a Thor refrigerator), and new LVP flooring. Bathrooms are equally modern with micro-cemented showers/tubs, new vanities, and brushed gold fixtures. All components appear new or virtually new, meeting current quality standards with no deferred maintenance, aligning perfectly with the 'excellent' criteria for a property extensively renovated within 5 years.
Pros & Cons

Pros

Extensive Modernization: The property has undergone a 'top to bottom' renovation, including new infrastructure (sewer, water, electrical, HVAC), modern finishes, and updated bathrooms, offering a turnkey investment.
Strong Investment Metrics: Boasts an attractive 'almost 6% cap rate' and '14.2 GRM' with a substantial '$160,800 annual rental income,' indicating robust financial performance.
Prime Koreatown Location: Situated in a 'Prime Koreatown' neighborhood with an excellent 'Walk Score of 92,' ensuring high tenant demand and potential for long-term appreciation.
Tenant-Friendly & Owner-Advantageous Features: Features like in-unit W/D hookups, EV chargers, smart thermostats, and individual utility metering (tenants pay 100% of utilities) enhance tenant appeal and reduce owner operating costs.
Ample Off-Street Parking: Provides '12 off-street parking spaces' across two driveways, a significant advantage in a dense urban area like Los Angeles.

Cons

Age of Original Structure: Despite extensive renovations, the building was constructed in 1921, which may present inherent challenges or require specific maintenance considerations for an older foundation and framework.
Virtually Staged Photos: The listing explicitly states photos are 'virtually staged,' which may create a discrepancy between online presentation and the actual, unfurnished appearance of the units.
Listing Agent's Ownership Stake: The disclosure that 'The listing agent holds ownership in the property' could be perceived as a potential conflict of interest by some buyers, requiring careful consideration.
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