We are pleased to offer the opportunity to acquire this turn-key four (4) unit Multi-Family/Student Housing investment on 2515 S. Catalina St., located within close proximity to the University of Southern California (USC) & Downtown LA. The property features a unit mix of one (1) 5 bedroom + 3 bathroom unit, one (1) 4 bedroom + 2 bathroom unit (delivered vacant), one (1) 2 bedroom + 2 bathroom unit, as well as one (1) non-conforming studio unit (Approximately 200sf). All four units have been recently remodeled with brand new vinyl flooring, stainless steel appliances, updated plumbing, electrical, bathrooms and kitchens! Additionally, the units are currently being rented to students with leases expiring on July 31st 2025, giving any buyer the opportunity to hand-pick their tenants with a fully vacant turnkey four-plex! The investment also allows the opportunity to further increase cash flow by adding multiple Accessory Dwelling units (ADU's- Buyer to Verify) in between the front and back units. Given the location, attractive local area amenities, and opportunity to increase rental income via development as well as impending vacancy, this investment presents an excellent opportunity for an investor to acquire a desirable apartment building in the attractive USC/Downtown LA submarket. (Property is located in the Historic Preservation Overlay Zone)
Sold for $1,295,000 on 04/18/25
$1,295,000
2515 S Catalina St, Los Angeles, CA 90007
12beds
8baths
3,320sqft
Multi Family
Built in 1918
-- sqft lot
$1,274,900 Zestimate®
$390/sqft
$2,337 Estimated rent
Owner options
What's special
Zillow last checked: 7 hours ago
Listing updated: April 21, 2025 at 07:51am
Listed by:
Adam Shamooelian DRE # 02116849 310-658-2668,
Keller Williams Beverly Hills 310-432-6400
Bought with:
Adam Shamooelian, DRE # 02116849
Keller Williams Beverly Hills
Source: CLAW,MLS#: 25494781
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 12
- Bathrooms: 8
Heating
- Other
Cooling
- Other
Interior area
- Total structure area: 3,320
- Total interior livable area: 3,320 sqft
Property
Parking
- Total spaces: 6
- Parking features: Other
Features
- Levels: Multi/Split
- Stories: 2
Lot
- Size: 5,614 sqft
Details
- Additional structures: Other
- Parcel number: 5054021015
- Zoning: LAR2
- Special conditions: Standard
- Other equipment: Other
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Condition
- Year built: 1918
Community & neighborhood
Location
- Region: Los Angeles
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Estimated market value
$1,274,900