237 N Catalina St Unit 2, Los Angeles, CA 90004

237 North Catalina Street is a 10-unit apartment complex located in the Koreatown submarket of Los Angeles. More than 50% of the renovated units include condo-like finishes such as quartz countertop, recessed lighting, and in-unit washer and dryer. 6 of the 10 units are large two-bedroom units and the other 4 units are one-bedroom units. The potential exists to turn the unrenovated units and capture the 31% upside in rents. Lastly, the current ownership group has ready-to-issue permits for a one (1) bedroom accessory dwelling unit. A new owner has the ability to increase the unit count and still offer parking for the other units. The asset is an attractive choice for investors looking to capitalize on both immediate and long-term growth potential in the market.