503 S Catalina St Sold Save Request In-Person Tour Request Virtual Tour
Los Angeles,CA 90020
Key Details
Sold Price $4,200,0001.9%
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 17,365 sqft
Price per Sqft $241
MLS Listing ID 23-232339
Style French Normandy
Bedrooms 23
Year Built 1938
Lot Size 0.394 Acres
Property Sub-Type Multi-Family
Property Description
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.
Location
State CA
County Los Angeles
Area Mid-Wilshire
Zoning LAR4-2
Rooms
Other Rooms None
Kitchen Stone Counters, Island
Interior
Heating Natural Gas
Cooling None
Flooring Hardwood
Fireplaces Type Decorative
Equipment Ceiling Fan
Laundry Community
Exterior
Parking Features Covered Parking
Garage Spaces 12.0
Pool None
Waterfront Description None
View Y/N Yes
View City
Building
Lot Description Lawn, Landscaped
Story 2
Others
Special Listing Condition Standard