Property Details
About this Property
Stabilized at a 6.26% cap, this fully renovated four-unit property in the heart of Koreatown offers strong in-place income with optional vacancy at close for owner-user or house-hack execution. The asset generates approximately $160,800 in annual gross rental income and operates at a 14.2 GRM on current performance. Tenants pay 100% of utilities with separate gas and electrical meters and individual water heaters, supporting efficient operating margins and durable cash flow. The property has undergone an extensive redevelopment delivering a near–new construction experience, including upgraded systems, modern interiors, and durable finishes throughout. Unit layouts are well sized and designed to support long-term tenant demand. Situated on a corner lot with exceptional walkability and close proximity to Wilshire Boulevard, transit, and major employment centers, the asset is well suited for investors seeking immediate cash flow with limited management risk or buyers looking to occupy one unit while preserving income.
MLS Listing Information
MLS #
CRSW26028792
MLS Source
California Regional MLS
Days on Site
1
Interior Features
Appliances
Dishwasher, Dryer, Washer
Cooling
Central Forced Air
Heating
Central Forced Air
Exterior Features
Roof
Elastomeric
Pool
None
Parking, School, and Other Information
Garage/Parking
Garage: 12 Car(s)
Contact Information
Listing Agent
Michael Onyemaobi
Compass
License #: 02179969
Phone: (424) 944-5145
Co-Listing Agent
Ryan Smagacz
Real Broker
License #: 02126879
Phone: (951) 296-8095
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 1 | 3 | 4 |
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
351 S Catalina is a Residential Income in Los Angeles, CA 90020. This – square foot property sits on a 5,488 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $2,195,000 and was built in 1921. This address can also be written as 351 S Catalina, Los Angeles, CA 90020.
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This listing information is up-to-date as of February 08, 2026. For the most current information, please contact Michael Onyemaobi, (424) 944-5145
