503 South Catalina Street
Los Angeles, CA, 90020 $ 4,280,000
Baths0.0 Sq 17,365 Monthly Estimate*
$ 29,897
Studio
for $4,280,000. This 17,365 square foot home was built in 1938 on a lot size of 0.39.
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 Crown Molding Ceiling Fan(s) Beamed Ceilings
Zoning LAR4-2
Security Features Gated Community
Year Built 1938
View City Lights
Levels Two
County Los Angeles
Net Operating Income 229142.0
New Construction No
Property Type C
HOA / Comm Assn No
Facing Direction East
Status Active
City Los Angeles
Buyer Agent Compensation 1.50
Entry Location Ground Level w/steps
View Y/N Yes
Senior Community Y/N No
MLS Area C17 - Mid-Wilshire
Lot Size Square Feet 17156.0
Street Name Catalina
Structure Type None
Standard Status Active
Year Built Source Assessor
Buyer Agent Compensation Type %
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InteriorFlooring Wood
Heater Fuel Type Natural Gas
Fireplace Features Decorative
Total Stories 2
Air Conditioning Y/N No
Heating Y/N Yes
Window Features Stained Glass
Fireplace Y/N Yes
Street Suffix Street
Laundry Features Community
Total Baths 0
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ExteriorParking Features Covered
Lot Features Lawn Landscaped
Lot Size Area 17156.0
Foundation Details None
Spa No
Pool Y/N? No
Building Area Total 17365.0
Lot Size Acres 0.39
Lot Size Units Square Feet
Land Lease Type Fee
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* Excluded FeaturesList ByMatthew R. KannerListing Agent
Keller 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 $2,000,821
Percent of Sale Price 53%
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.
793437 Elementary School
793428 Middle School
Unknown High School High School
Pricing HistoryDate | Price | Price Change | Description |
---|
10/18/2023 | $4,280,000 | -0.35% | Price Down |
2/24/2023 | $4,295,000 | -7.63% | Price Down |
1/15/2023 | $4,650,000 | | Listed Price |