Kidder Mathews, as exclusive listing agent, is pleased to present Casa Catalina, a fully renovated and stabilized 24-unit 1920s-era apartment building located just half a mile from USC within the Public Safety Patrol Zone. Priced at a 6.75% cap rate and 8.91 GRM, the property offers investors strong in-place cash flow, a 7.46% cash-on-cash return at list price, and minimal future capital requirements in one of Los Angeles' most supply-constrained rental markets.
The unit mix consists of 6 one-bedroom units and 18 studios, with 19 of 24 units fully renovated. Interior upgrades feature hardwood-style flooring, granite countertops, stainless steel appliances, custom bathroom vanities, and designer lighting.
Recent building improvements include a newly furnished lobby, secured entry with intercom access, on-site laundry facilities, and a resident lounge in the rear courtyard.
With a Walk Score of 91, residents enjoy a highly walkable location near USC Village, offering immediate access to national retailers, dining, and fitness amenities. Its central positioning also provides excellent connectivity to Downtown LA, Koreatown, and West Adams/Mid-City.
This is a rare opportunity to acquire a fully modernized, stabilized asset that retains its original charm while offering contemporary comforts — perfectly positioned to deliver long-term value for investors seeking a high-quality, well-located rental property in Los Angeles.