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SOLD 12/3/2020
221 N Catalina Street, Los Angeles, CA 90004
10
beds
8
baths
6965
ft2
· 7407
ft2 lot
$2,315,000
$330 / ft2
Listing provided courtesy of Listing Broker: Sean Rosenzweig, Marcus & Millichap.
Source CRMLS.
I am pleased to offer for sale a nine unit apartment community located at 221-223 North Catalina Street. The subject property is located in Koreatown just south of Beverly Boulevard between Normandie Avenue and Vermont Avenue. Situated on a 7,407 square foot lot, zoned R3in a Tier 3 TOC, 221-223 North Catalina Street consists of seven one-bedroom units and two two bedroom units. Constructed in 1958, the subject property is separately metered for electricity and gas and features on-site parking for tenants. The building will be delivered 89% vacant, offering an excellent opportunity for an astute investor to immediately enhance the asset through exterior and interior renovations without the risk or hassle of relocating tenants.
HOA
$—/month
On market
15 days
Year built
1958
Property type
Multi-Family
Parking
MLS
20651888
Price / Sq.Ft.
$330 / ft2
Status
Closed
Flyhomes Cash Offer
Based on a price of $2,300,000
Rebate:
Cash Offer Costs:
Net Rebate:
Negotiating Power:
Flyhomes Cash Offer
$0
$0
+$447/day
$0
Best
Flyhomes Guaranteed Offer
$11,500
- -
$11,500
Better
Discount Brokerage
$8,930
not offered
$8,930
Average
Traditional Brokerage
$0
not offered
$0
Variable
Legal Disclaimer: The Savings Calculator is intended for planning and educational purposes only, and should not be solely relied upon in your decision to participate in Flyhomes’ Cash Offer or other programs.Read more
Property Details
Interior Features & Layout
Interior Size
•   
Building Area Total: 6965.00
Property, Lot, Community & Exterior Features
Parking Info
•   
Parking Available: 1
•   
Parking Features: Covered
Lot Info
•   
Zoning: LAR3
•   
Lot Size Source: Assessor
•   
Lot Size Acres: 0.1700
•   
Lot Size Area: 7407.0000
•   
Lot Size Units: Square Feet
Community Info
•   
Number Of Buildings: 1
•   
Total Units: 9
Building Info
•   
Stories Total: 2
Listing Details, Costs & Financing Information
Financial Info
•   
Gross Operating Income: 186403.00
•   
Total Expenses: 57322.00
•   
Gross Multiplier: 11.97
Tax/Assessment Info
•   
Gross Income: 192168.00
•   
Tax Year: 2020
•   
Taxes: 7160.0
Lease Info
•   
Net Operating Income: 129081.00
Listing Info
•   
Status: Closed
Multi Unit Information
Unit 3 Information
•   
Unit 3 Bedrooms: 1
•   
Unit 3 Actual Rent: 0.00
•   
Unit 3 Total Units: 1
•   
Unit 3 Furnished Units: Unfurnished
•   
Unit 3 Bathrooms: 1
•   
Unit 3 Total Rent: 0.00
Unit 7 Information
•   
Unit 7 Bathrooms: 1
•   
Unit 7 Actual Rent: 0.00
•   
Unit 7 Total Units: 1
•   
Unit 7 Total Rent: 0.00
•   
Unit 7 Bedrooms: 1
•   
Unit 7 Furnished Units: Unfurnished
Unit 2 Information
•   
Unit 2 Actual Rent: 0.00
•   
Unit 2 Bedrooms: 1
•   
Unit 2 Total Units: 1
•   
Unit 2 Furnished Units: Unfurnished
•   
Unit 2 Bathrooms: 1
•   
Unit 2 Total Rent: 0.00
Unit 8 Information
•   
Unit 8 Bathrooms: 1
•   
Unit 8 Actual Rent: 939.00
•   
Unit 8 Total Units: 1
•   
Unit 8 Total Rent: 0.00
•   
Unit 8 Bedrooms: 2
•   
Unit 8 Furnished Units: Unfurnished
Unit 1 Information
•   
Unit 1 Bedrooms: 1
•   
Unit 1 Total Units: 1
•   
Unit 1 Furnished Units: Unfurnished
•   
Unit 1 Bathrooms: 1
•   
Unit 1 Actual Rent: 0.00
•   
Unit 1 Total Rent: 0.00
Unit 4 Information
•   
Unit 4 Actual Rent: 0.00
•   
Unit 4 Total Units: 1
•   
Unit 4 Furnished Units: Unfurnished
•   
Unit 4 Total Rent: 0.00
•   
Unit 4 Bathrooms: 1
•   
Unit 4 Bedrooms: 1
Unit 5 Information
•   
Unit 5 Actual Rent: 0.00
•   
Unit 5 Total Units: 1
•   
Unit 5 Furnished Units: Unfurnished
•   
Unit 5 Total Rent: 0.00
•   
Unit 5 Bathrooms: 1
•   
Unit 5 Bedrooms: 2
Multi Unit Information
•   
# Of Units: 13
Unit 6 Information
•   
Unit 6 Actual Rent: 0.00
•   
Unit 6 Total Units: 1
•   
Unit 6 Total Rent: 0.00
•   
Unit 6 Furnished Units: Unfurnished
•   
Unit 6 Bedrooms: 1
•   
Unit 6 Bathrooms: 1
School Neighborhood & Directions
Location
•   
Directions: The subject property is located in Koreatown just south of Beverly Boulevard between Normandie Avenue and Vermont Avenue.
Other
Calculation
•   
Dom: 16
•   
Cdom: 16
The information contained in this listing has not been verified by Flyhomes and should be verified by the buyer.

Data last updated: May 11, 2021 4:44pm
Neighborhood snapshot
120
Properties for sale
21
Median days on market
$618.13
Median sold price/sqft
99.64%
Sold/List %
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Property History
12/03/2020
12/03/2020
Public Record
sold
Public Record
$2,315,000
+0.65%
12/03/2020
12/03/2020
CRMLS #20651888
sold
CRMLS #20651888
$2,300,000
11/11/2020
11/11/2020
CRMLS #20651888
pending
CRMLS #20651888
$2,300,000
10/26/2020
10/26/2020
CRMLS #20651888
active
CRMLS #20651888
$2,300,000
+2321.05%
05/01/1972
05/01/1972
Public Record
sold
Public Record
$95,000
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