$4,650,000

503 S Catalina Street, Los Angeles, CA 90020

17,365

Square feet

17,156

Lot Size

12

# Of Units

Listing Agent
Matthew R. Kanner - Keller Williams Realty Los Feliz

We are pleased to present The French Eclectic Apartments, a rare and charming French Eclectic-style 12-unit Mills Act candidate multi-family investment opportunity with a 74%+ 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 to secure Mills Act benefits, potential TIC conversion, or thoughtfully add value plan as units become available.

Facts & Features

MLS® # 23232339
Price $4,650,000
Bathrooms 0.00
Square Footage 17,365
Lot Size 17,156
Year Built 1938
Type Residential Income
Status Active
# Of Units 12

Community Information

Address 503 S Catalina Street
Area C17 - Mid-Wilshire
City Los Angeles
County Los Angeles
State CA
Zip Code 90020

Amenities

Parking Spaces 12
Parking Covered
Garages Covered
View City Lights
Is Waterfront No
Has Pool No
Pool None

Interior

Interior Wood
Interior Features Beamed Ceilings, Ceiling Fan(s), Crown Molding
Heating Natural Gas
Cooling None
Has Basement No
Fireplace Yes
Fireplaces Decorative
# of Stories 2

Exterior

Lot Description Lawn, Landscaped
Windows Stained Glass

Additional Information

Date Listed January 14th, 2023
Days on Market 13
Zoning LAR4-2
Foreclosure No
Short Sale No
RE / Bank Owned No
HOA Fees 0.00

Listing Details

AgentMatthew R. Kanner
OfficeKeller Williams Realty Los Feliz

Listing Map

Request a Showing

Provide a valid email address.
When would you like to view this property?