Sheleneatanacio.com
Address
220 S Catalina Street Los Angeles, CA
Price
$ 5,295,000
Property Attributes
  • MLS#21700440
  • TypeIncome
  • CountyLOS ANGELES
  • CityLos Angeles
  • AreaMid-Wilshire
  • Zip90004
  • Style
  • Price$ 5,295,000
  • Bedrooms30
  • Full Bathrooms30
  • Half Bathrooms0
  • Lot Size8,381 SqFt
Listing Provided Courtesy Of:
John Cleator with James Capital Advisors, Inc.
Data Source:
CLAW
Property Description

There are currently two (2) vacant units at the property. Showings can be coordinated with the listing agent. There is significant rental upside at this property as units are rented below market. The location of the subject property supports historical strong rent growth, which will increase the total income in the future. The property is located in a Potential Qualified Opportunity Zone, which will allow for potential additional tax incentives per the Tax Cuts and Jobs Act of 2017. There is On-Site Laundry - Two (2) Washers & Two (2) Dryers for tenant use and additional owner income. The landscaping and front entryway of the building have been completely replaced. * Due to a covenant on title, 11 units at this property are subject to affordable housing restrictions. Units 7, 10, 28, 35, and 39 are restricted to Low Income market rent limits ($1,261 for 2020) and Units 1,2,6,9,20, and 30 are restricted to Very Low Income market rent limits ($966 for 2020). The Affordable Housing Group releases the maximum allowable rents and income limits each year. The covenant expires in 2039.

Price History
3/8/2021 Listed $5,295,000

General Features

MLS Area C17 - Mid-Wilshire
Parking Features On Street
Property Type Residential Income
Total Actual Rent 409560
Total Units 30
Zoning LAR3

Interior Features

Laundry Features Common Area

Exterior Features

Lot Dimensions 54x155
Lot Size Acres 0.19
Lot Size Area 8381
Lot Size Square Feet 8381
Lot Size Units Square Feet
Number of Buildings 1

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 90004

Price
AVG $2.32M
$5.3M
Visits
AVG 17
26
Year Built
AVG 1945
1926
Walkscore
AVG 89
92
Data Provided by Walkscore ® not using MLS data

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