225 N Catalina Street
Los Angeles, CA 90004

225 North Catalina Street, in Los Angeles, CA 90004. Built in 1950, this 8-unit property totals 5,134 SF on a 7,409 SF lot zoned R3 in a Tier 3 TOC in the middle of Koreatown. The building features singles and one-bedroom units and includes six parking spaces at the rear of the property.This offering presents an investor the opportunity to purchase a value-add investment with true rental upside located in a Qualified Opportunity Zone. At the asking price, the price per unit is $218,750 with a pro forma 6.35% CAP rate. In addition, the ability to install laundry on-site can further increase cash flow. With separately metered utilities including individual water heaters and individual trash bins, the building is well run providing ease of management.