1228 S. Catalina Street offers two spacious and identical units, each approximately 1,200 square feet with two bedrooms and two bathrooms. Built in 1910, the property retains its original character from the art deco fire places, to the original craftsman cabinetry in dining rooms. This is all while benefiting from important system upgrades that support long term value and ease of ownership.
Each kitchen features has been updated, ceramic tile flooring and granite countertops. Significant upgrades include updated electrical systems, copper plumbing and energy efficient tankless water heaters. The property sits on a 6000 square foot lot with R3 zoning. This provides potential for development of additional units or an ADU. Buyers should verify specific building options with the City of Los Angeles.
The property also features a beautiful shared common area with a spacious yard, mature trees and ample room for tenants to relax outdoors. The grounds offer generous space to enjoy the year round Los Angeles weather, creating an inviting environment for both residents and guests.
This asset is well suited for an owner user, income investor or developer seeking a centrally located property near Koreatown, public transit, dining and major Los Angeles amenities. Buyer to cooperate with a 1031 exchange at no cost to buyer. Property to be sold as is.
Some interior photos reflect a prior vacancy to present the space without personal items. Current layout and core features remain unchanged.