tomo logo

$2,250,000

Beds
8
sq ft
5,322

836 S Catalina St, Los Angeles, CA 90005

836 S Catalina St

Los Angeles, CA 90005

  • 667 days on market
    • Price drop $150,000↓
We are proud to present this value-add opportunity in Koreatown. The 8-unit building which sits on a 7,249 square foot LAR4 zoned lot is located just west of Vermont Avenue and south of 8th Street. Seven of the eight units have been extensively rehabbed, featuring new flooring, bathroom fixtures, and interior lighting. The unit mix consists of all one bedroom/one bathrooms. A new buyer has the ability re-position the asset and build up to 18 units by right, and up to 34 units using TOC incentives.

Details

Property type

Est. home value

$2,779,539

Property condition

Updated/Remodeled

Lot size

7,249 sq ft

Price per sq ft

$423

Year built

1922

HOA

No

Price History

09/24/2024
CLAW

CLAW #23245953

Listed
$2,250,000
09/01/2024
CLAW

CLAW #23245953

Removed
$2,250,000
06/11/2024
CLAW

CLAW #23245953

Listed
$2,250,000

Schools & Community

Neighborhood: 

Koreatown

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Bbcn Bank

Loan start date

September 2015

Original loan amount

$875,000

Est. remaining balance

Not provided

Interest rate

3.98%

Loan type

Commercial

Seller

748 Irolo Llc

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 12/27/2024 at 4:00 AM

Listing updated: 12/04/2024 at 9:40 PM

Listed by: David Kaufman, David Ballin Kaufman Phone #: (310) 877-8600

MLS: CLAW #23245953

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