351 S Catalina

Fully Renovated, Turnkey 4-Unit Investment in Prime Koreatown! Discover your next perfect, hassle-free investment in one of Los Angeles’ most sought-after neighborhoods. This fully modernized four-unit multifamily property has been upgraded from top to bottom—no detail overlooked—making it an ideal addition to any portfolio. Apartment sizes consist of two 3 bed, 2 bath apartments, one 2 bed, 2 bath apartment, and one 2 bed, 1 bath apartment with one 3 bed, 2 bath being vacant at COE if needed! Complete renovations include: -Infrastructure Upgrades: New sewer lines, water lines, water heaters, and full electrical modernization (wiring, subpanels, switches, outlets, and lighting) including 4 onsite EV chargers. -Modern Comforts: In-unit washer/dryer hookups, new dishwashers hookups, and new energy-efficient central HVAC and ducting. -Stylish Finishes: New doors, blinds, drywall, fresh paint, matte black shaker kitchen cabinets with quartz countertops, premium stainless-steel appliances, and new durable LVP flooring. -Bathroom Remake: 7 new full bathrooms including new micro-cemented walk in showers & bathtubs, new toilets, new vanities, and new brushed gold plumbing fixtures. -Exterior Enhancements: Motorized, remote-controlled driveway security gate, roof repairs, and 33 all new black double pane Milgard windows. Property Highlights: -2 driveways with a total of 12 off-street parking spaces. -EV chargers, CAT6 ethernet ports in every room, full Schlage hardware keyless entry into building and all apartments, and Nest smart thermostats. -$160,800 annual rental income. -Attractive almost 6% cap rate and 14.2 GRM. -RESIDENTS PAY 100% OF ALL UTILITIES; each apartment has its own electrical meter, gas meter, and water heater. -Prime location with a Walk Score of 92. Additional Information: Photos are virtually staged with furniture. One 3 bed, 2 bath unit can be vacant at COE. Do not disturb tenants. The listing agent holds ownership in the property.