351 S Catalina Los Angeles, CA $ 2,195,000
351 S Catalina
$ 2,195,000
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351 S Catalina

Los Angeles, CA, 90020
$ 2,195,000
Baths2.0 Sq 3,624

Monthly Estimate*

$ 13,515

Listed by Compass
351 S Catalina, Los Angeles, CA 90020 - Image 1
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Studio

Multi-Family Home for sale in Los Angeles, CA

for $2,195,000 with 2 full baths. This 3,624 square foot home was built in 1921 on a lot size of 0.126.

Stabilized at a 6.26% cap, this fully renovated four-unit property in the heart of Koreatown offers strong in-place income with optional vacancy at close for owner-user or house-hack execution. The asset generates approximately $160,800 in annual gross rental income and operates at a 14.2 GRM on current performance. Tenants pay 100% of utilities with separate gas and electrical meters and individual water heaters, supporting efficient operating margins and durable cash flow. The property has undergone an extensive redevelopment delivering a near–new construction experience, including upgraded systems, modern interiors, and durable finishes throughout. Unit layouts are well sized and designed to support long-term tenant demand. Situated on a corner lot with exceptional walkability and close proximity to Wilshire Boulevard, transit, and major employment centers, the asset is well suited for investors seeking immediate cash flow with limited management risk or buyers looking to occupy one unit while preserving income.

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Multi-Family Active

Price

$ 2,195,000

Bedrooms

Studio

Full Bath

2

Property Type

Multi-Family

Taxes

$ 0

Style

Lot Size

0.126

Year Built

1921

Town/City

Los Angeles

County/Region

Los Angeles

MLS | Web ID

SW26028792

Days on Market

3

Features
General
Sewer Public Sewer
Heating Central
Cooling Central Air
Roof Elastomeric
Appliances Dishwasher Dryer Washer
Garage Spaces 12
Pool Features None
Security Features Carbon Monoxide Detector(s) Security Gate Smoke Detector(s)
Year Built 1921
Property Subtype Quadruplex
Gross Income 160800
Community Features Curbs Park Sidewalks Urban
County Los Angeles
Net Operating Income 137475
Operating Expense 23325
Insurance Expense 3500
New Construction false
Property Type Residential Income
Garage Y/N true
Special Listing Conditions Standard
Status Active
Directions From Wilshire Blvd go south on S Catalina St. Property is on the east side at the corner of S Catalina St and W 4th St.
City Los Angeles
Entry Location front
Senior Community Y/N false
Number Of Units Total 4
MLS Area KREA - Koreatown
Lot Size Units Square Feet
Lot Size Square Feet 5488
Number of Units Leased 3
Listing Terms Cash Conventional 1031 Exchange
Property Attached Y/N true
Land Lease Y/N false
Fuel Expense 500
Trash Expense 0
Water Sewer Expense 0
Additional Parcels Y/N false
Rent Control Y/N false
Building Area Units Square Feet
Standard Status Active
Year Built Source Public Records
Tax Lot 13
Total Actual Rent 13400
Property Sub Type Additional Quadruplex
Expected Active Date 2026-02-07
Cap Rate 6.26
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Interior
Total Stories 2
Common Walls 2+ Common Walls
Air Conditioning Y/N true
Heating Y/N true
Entry Level 1
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Exterior
Exterior Amenities Rain Gutters
Lot Features 2-5 Units/Acre
Water Source Public
Total Parking 12
Lot Size Area 5488
Number of Buildings 1
Building Area Total 3624
Lot Size Acres 0.126
Private Pool false
Lot Size Source Assessor
Number of Separate Water Meters 1
Number of Separate Gas Meters 4
Number of Separate Electric Meters 4
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* Excluded Features
List By
Compass

Broker

Mike.onyemaobi@compass.com

Email

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$13,515
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Monthly Principal & Interest
$13,515
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Default based on a 30-year fixed rate of 6.25% 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.
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Nearby
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
2/8/2026$2,195,000 Listed Price

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351 S Catalina, Los Angeles, CA, 90020 is a Multi-Family Home for sale at $2,195,000 with 3,624 sqft and a lot size of 0.126. 351 S Catalina is a studio with 2.0 baths and was built in 1921. The property's zip code is 90020 which is in Los Angeles, CA