Los Angeles, CA 90007 2659 S Catalina Street

2659 S Catalina Street Los Angeles, CA - Image 12659 S Catalina Street Los Angeles, CA - Image 22659 S Catalina Street Los Angeles, CA - Image 3
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2659 S Catalina Street Los Angeles, CA - Image 4
Presented By: Helen Johnson with Dynamic Realty& Investments;
  • California Regional MLS (CRMLS) - 25 - CA
  • MLS# SR25139354
  • 06/23/2025
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Disclaimer: The information contained in this listing has not been verified by Sell Buy OC Homes and should be verified by the buyer.
  • Beds • 110
  • Full/Half Baths • 10 / 2
  • SQFT • 6,464

Home Details

Prime 10-Unit Income Property Near USC with Vacancy & Rental Upside Located just minutes from USC, Exposition Park, and Downtown LA, this is a value-add investor’s dream in the highly desirable University Park neighborhood. This charming 10-unit multifamily asset offers both stable income and clear upside potential through turnover and repositioning. The unit mix includes: • 2 x 2-Bedroom Units • 7 x 1-Bedroom Units • 1 x Studio/Single Offering a rare opportunity to immediately begin increasing revenue. Two of the units have projected market rents of $2,400/month, and existing rents across the property are substantially below market, leaving room for meaningful income growth. The property is located in a Tier 3 TOC and CPIO overlay zone, and is zoned LARD1.5, presenting potential for ADU conversion, redevelopment, or additional density (buyer to verify). On-site parking and individual unit layouts add to its long-term appeal. With high rental demand driven by proximity to transit, USC, and major employment centers, this is an exceptional opportunity to acquire a centrally located Los Angeles multifamily property with strong fundamentals and value-add potential.
Presented By: Helen Johnson with Dynamic Realty& Investments;

Interior Features for 2659 S Catalina Street

Other Interior Features

Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsTwoCommonWallsOrMore
Fireplace Y/NNo
FlooringCarpet
Heating Y/NYes
Interior AmenitiesBedroomOnMainLevel
Laundry FeaturesNone
Total Stories2
Window FeaturesBlinds

Other Rooms

Entry Level1

General for 2659 S Catalina Street

AccessibilityNone
Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Cap Rate5.71
Carport Spaces10.0
Carport Y/NYes
CityLos Angeles
Community FeaturesStreetLights, Sidewalks, Urban
Construction MaterialsDrywall, Stucco
CountyLos Angeles
Current FinancingNone
DirectionsVermont/ 24th street
DisclosuresFamilialRelation, RentControl
ElectricElectricityOnProperty
Electric Expense19590.0
Electric On Property Y/NNo
Entry LocationStairs
Fuel Expense398.0
Garage Spaces0.0
Garage Y/NNo
Gross Income0.0
HOANo
HOA Fee$0.0
HeatingNaturalGas, WallFurnace
Home Warranty Y/NNo
Insurance Expense8080.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Listing TermsCashToNewLoan
Lot Size Square Feet7921.0
Lot Size UnitsSquareFeet
MLS AreaC37 - Metropolitan South
MaintenanceExpense7500.0
MobileHomeRemainsYNNo
Net Operating Income91114.0
New ConstructionNo
Number Of Units Total10
Number of Units Leased8
Operating Expense59321.0
Pool FeaturesNone
PossessionCloseOfEscrow, SeeRemarks
Property Attached Y/NYes
Property ConditionTurnkey
Property Sub Type AdditionalApartment
Property SubtypeApartment
Property TypeResidentialIncome
Rent Control Y/NYes
RoofComposition
Senior Community Y/NNo
SewerPublicSewer
Spa FeaturesNone
Special Listing ConditionsTrust
Standard StatusActive
StatusActive
Stories2
Tax Annual Amount2910.0
Tax Lot13
Tax Year2002
Taxes$19,938
Tenant PaysElectricity, None
Total Actual Rent9324.08
Trash Expense392.0
UtilitiesElectricityConnected, NaturalGasConnected, PhoneAvailable, SewerConnected, WaterConnected
ViewNone
Water Sewer Expense2481.0
Year Built1964
Year Built SourceAssessor
ZoningLAR2

Exterior for 2659 S Catalina Street

Building Area Total6464.0
Crops Included Y/NNo
FencingNone
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesZeroToOneUnitAcre
Lot Size Acres0.1818
Lot Size Area7921.0
Lot Size SourceAssessor
Number of Buildings1
Number of Separate Electric Meters0
Number of Separate Gas Meters0
Number of Separate Water Meters0
Open Parking Y/NNo
Parking FeaturesAttachedCarport, Concrete, Covered, Carport
Private PoolNo
Road Frontage TypeCityStreet
SpaNo
Total Parking10.0
Water SourcePublic
Waterfront Y/NNo

Additional Details

Price History

Hal Schlegel

Broker Associate
Price $1,725,000
MLS#SR25139354
List Date 06/23/2025
Property Type Multi-Family
Phone 714.742.6515
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