Pending
503 S Catalina Street
Los Angeles CA, 90020
$4,280,000
$246.47 per sqft
Pending
23 Beds
18 Baths
17,365 sqft
Residential
Built in 1938
Listed by Matthew R. Kanner with Keller Williams Realty Los Feliz 323-300-1000
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.
23232339
MLSⓇ ID
January 14, 2023
Listed
April 22, 2024
Updated
Map
503 S Catalina Street
Los Angeles CA, 90020
Interior Features
Total Stories
2
Bedrooms
23 Beds
Bathrooms
18 Baths
Interior Features
Beamed Ceilings, Ceiling Fan(s), Crown Molding
Laundry Description
Common Area
Floor Description
Wood
Fireplace
Yes
Fireplace Description
Decorative
Cooling
No
Cooling Description
None
Heating
Yes
Heating Description
Natural Gas
Exterior/Building Features
Lot Size
0.39 Acres
Lot Features
Lawn, Landscaped
Other Property Details
Area Name
C17 - Mid-Wilshire
Days on Market
464
Garage
No
Parking
Covered
Parking Total
12
View
Yes
View Description
City Lights
County
Los Angeles
Pool
No
Pool Features
None
Zoning
LAR4-2
Buyer Agency Compensation
1.5%
Listing History
Date | Event | Price |
---|---|---|
4/22/2024 | Pending | — |
10/18/2023 | Price Change | $4,280,000 -1% |
Listing Contact: 323-300-1000
Based on information from the California Regional Multiple Listing Service (CRMLS) as of 4/22/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.
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Data last updated on 4/22/2024 at 10:10 PM UTC