351 S Catalina Street, Los Angeles, California 90020, Los Angeles, 90020 - 0 bed, 0 bath
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Los Angeles, California 90020
Analysis of 351 S Catalina Street, Los Angeles, California 90020 is currently available with a list price of $1,995,000. 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.
Property is new construction or fully renovated.
This property underwent a comprehensive, top-to-bottom renovation within the last 5 years, effectively bringing it to like-new construction standards. It features entirely new systems (HVAC, electrical, sewer, and water lines), modern kitchens with matte black shaker cabinets and quartz countertops, and seven fully rebuilt bathrooms with contemporary fixtures. With no deferred maintenance and high-end turnkey finishes, it meets all criteria for the excellent rating.
This turnkey quadruplex has undergone a complete 'top-to-bottom' renovation including new infrastructure, energy-efficient HVAC, and high-end finishes, effectively offering a new-construction experience with zero deferred maintenance.
Extremely rare for the high-density Koreatown area, the property features 12 off-street parking spaces and four onsite EV chargers, significantly increasing tenant desirability and rental value.
With a 6.26% cap rate and a utility structure where tenants pay 100% of costs via separate meters, this asset provides a high-yield, low-overhead opportunity in a prime Los Angeles submarket.
The majority of the assigned public schools carry low ratings (3/10), which may limit the property's appeal to families and impact long-term appreciation compared to areas with higher-rated districts.
Despite the extensive renovation, the 1921 original build date and 5,488 sqft lot size may present inherent architectural or density limitations compared to modern ground-up multifamily developments.
AS CLOSE TO A NEW CONSTRUCTION YOU WILL GET! 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 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 appliances in every unit -$160,800 annual rental income -6.26% 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.
No exterior & parking available.
Grades K-6 • 0.4 mi
Grades K-5 • 0.6 mi
Grades K-5 • 0.6 mi
No sensitive facilities data found.
| 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% |
May 30, 2026
$1,995,000
Initial Listing
Mar 1, 2024
$1,490,000
Public Record
May 23, 2011
$545,000
Public Record
Mar 15, 2005
$795,000
Public Record
May 21, 2004
$715,000
Public Record