2515 S Catalina St - Apartments FOR SALE


Los Angeles, CA 90007
$1,355,000 USD
310-658-2668
2515 S Catalina St, Los Angeles, CA for Sale
$1,355,000 USD
Apartments - FOR SALE
1/10
null | 7.16% Cap Rate

2515 S Catalina St
Los Angeles, CA 90007


HIGHLIGHTS

  • Dual Investment Opportunity - Multi Family or Student Housing Potential
  • Could Be Delivered Fully Vacant in August 2025
  • Minimal Management - High Yield 7.16% Cap Rate
  • 12 Bedroom + 8 Bathroom Fully Turn-Key Investment + ADU Upside
  • Situated in the attractive USC/Downtown LA submarket!

OVERVIEW

The Shamooelian Real Estate Group is pleased to offer the opportunity to acquire this turn-key four (4) unit Multi-Family/Student Housing investment on 2515 S. Catalina St. , located within close proximity to the University of Southern California (USC) & Downtown LA. The property features a unit mix of one (1) 5 bedroom + 3 bathroom unit, one (1) 4 bedroom + 2 bathroom unit (delivered vacant), one (1) 2 bedroom + 2 bathroom unit, as well as one (1) non-conforming studio unit (Approximately 200sf). All four units have been recently remodeled with brand new vinyl flooring, stainless steel appliances, updated plumbing, electrical, bathrooms and kitchens! Additionally, the units are currently being rented to students with leases expiring on July 31st 2025, giving any buyer the opportunity to hand-pick their tenants with a fully vacant turnkey four-plex! The investment also allows the opportunity to further increase cash flow by adding multiple Accessory Dwelling units (ADU's- Buyer to Verify) in between the front and back units. Given the location, attractive local area amenities, and opportunity to increase rental income via development as well as impending vacancy, this investment presents an excellent opportunity for an investor to acquire a desirable apartment building in the attractive USC/Downtown LA submarket. (Property is located in the Historic Preservation Overlay Zone) Agent Remarks : PLEASE NOTE THE FOLLOWING: 1) DO NOT DISTURB THE TENANTS. 2) Submit Offer on a CAR Residential-Income Purchase Agreement. 3) Interior Inspection/Books & Records Granted with an Accepted Offer. 4) Submit Proof of Funds & Pre-Qualification Letter with Offer. 5) Seller Selects all Services Disclaimer: All information has been secured from sources we believe to be reliable. However, we make no representation or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information above and bears all risk for any inaccuracies.

FOR SALE DETAILS

PRICE

$1,355,000 USD

PRICE/SF

$408 USD /SF

# OF UNITS

4

PRICE/UNIT

$338,750

CAP RATE

7.16%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

High Yield 7.16% Cap Investment Opportunity

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1918

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.13 AC

LAND SF

5,654 SF

ZONING

LARD1.5

APN/PARCEL ID

5054-021-015

ASK ABOUT THIS PROPERTY

Adam ShamooelianKW Commercial Beverly HillsMore Info
310-658-2668

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Adam ShamooelianKW Commercial Beverly HillsMore Info
310-658-2668

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.