503 S Catalina Street
Los Angeles, CA, 90020 $ 4,280,000
Bedrooms23 Baths18.0 Sq 17,365 Monthly Estimate*
$ 29,897
Listed by Keller Williams Realty Los Feliz
for $4,280,000 with 23 bedrooms and 18 full baths. This 17,365 square foot home was built in 1938 on a lot size of 0.3938.
We are pleased to present The French Eclectic Apartments, a rare and charming French Eclectic-style 12-unit multi-family investment opportunity with a 47%+ income upside potential, located in the highly desirable Mid-Wilshire submarket of Los Angeles, just north of 6th St and west of Vermont Ave. Built in 1938, the magnificently unique 2-story architectural gem is extremely well-preserved and loaded with original charming character. Architectural features include large and dramatic leaded stained glass, bay, and latticed casement windows, turret-style spires, wrought-iron gates and grillage, decorative frieze paneling, and features striking Art Deco details. It is comprised of a great unit mix of 2 (1+1), 4 (1+1.5), 2 (2+1.5 Townhome), 2 (3+1), and 2 (3+2.5 Townhome) units that average approximately 1,447+ gross square feet. The 17,365 square foot structure is situated on a 17,156 square foot, LAR4-2 zoned lot. There are 12 unassigned parking spaces in a covered garage. The property's units boast spacious and elegant interiors featuring hardwood floors, fireplaces, and large picture windows that flood the rooms with natural light. Decorative crown molding and wall insets, exposed ceiling beams, and arched doorways in select units provide a unique architectural detail and a touch of historic charm, adding to the overall character of these units. Two of the twelve units, units #6 and #8, boast two large roof decks per unit, offering tenants elevated indoor/outdoor livability, additional highly usable square footage, and views of the vibrant surrounding neighborhood. With a Walk Score of 94, proximity to the 101, 2, 10, and 110 freeways, and the property's location 0.4 miles from the Wilshire/Vermont Metro B (Red) and D (Purple) Line station, residents of The French Eclectic Apartments enjoy effortless access to the countless shopping, dining, entertainment, and recreation options of Koreatown, Westlake, Mid-Wilshire, Hollywood, revitalized Downtown Los Angeles, and the surrounding areas. The French Eclectic Apartments are well-positioned for a skilled value-add investor, potential TIC conversion, or thoughtfully add value plan as units become available.
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FeaturesGeneralInterior Features BeamedCeilings CeilingFans CrownMolding
Heating NaturalGas
Cooling None
Zoning LAR4-2
Pool Features None
Security Features GatedCommunity
Year Built 1938
View CityLights
Stories 2
Levels Two
Gross Income 355080.0
Community Features Gated
County Los Angeles
Net Operating Income 229142.0
New Construction N
Property Type ResidentialIncome
HOA / Comm Assn N
Attached Garage N
Facing Direction East
Garage Y/N N
Special Listing Conditions Standard
Status Pending
Directions Located in the Mid-Wilshire submarket of Los Angeles just 1 block North of 6th St 3 blocks west of Vermont Ave and 2 blocks south of W 3rd St.
City Los Angeles
Entry Location Ground Level w/steps
View Y/N Y
Senior Community Y/N N
Total Units 12
MLS Area C17 - Mid-Wilshire
Lot Size Square Feet 17156.0
Private Pool N
Waterfront Y/N N
Carport Y/N N
Street Name Catalina
Spa Features None
Property Attached Y/N N
Land Lease Y/N N
Home Warranty Y/N N
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Days on Market 464
Standard Status Pending
Year Built Source Assessor
Cap Rate 5.35
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InteriorFlooring Wood
Fireplace Features Decorative
Total Stories 2
Basement (Y/N) N
Air Conditioning Y/N N
Heating Y/N Y
Window Features StainedGlass
Fireplace Y/N Y
Full Baths 0
Half Baths 0
1/4 Baths 0
3/4 Baths 0
Street Suffix Street
Laundry Features CommonArea
Total Bedrooms 23
Electric On Property Y/N N
Total Baths 18
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ExteriorParking Features Covered
Lot Features Lawn Landscaped
Total Parking 12.0
Lot Size Area 17156.0
Number of Buildings 1
Spa N
Building Area Total 17365.0
Lot Size Acres 0.3938
Lot Size Units SquareFeet
Lot Size Source Assessor
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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* Excluded FeaturesList ByKeller Williams Realty Los FelizBroker
Affordability Calculator
- Monthly Principal & Interest
- $29,897
- Monthly Property Taxes
- --
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyMulti-family listings in Los Angeles, CA
Average List Price $2,243,444
Percent of Sale Price 48%
About Los Angeles, CA 3,920,026 Population
6% Since 2002
$ 55,057 Median Income
36.82 Median Age
27% Households with Children
Trends Information provided by ATTOM Data Solutions.
273443 Elementary School
272636 Middle School
Unknown High School High School
Pricing HistoryDate | Price | Price Change | Description |
---|
10/19/2023 | $4,280,000 | -0.35% | Price Down |
2/24/2023 | $4,295,000 | -7.63% | Price Down |
1/14/2023 | $4,650,000 | | Listed Price |