31
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$3,800,000
Est. payment /mo
24 Baths
15,200 SqFt
Active
1475 W Adams Blvd Los Angeles, CA 90007
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Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 15,200 sqft
Price per Sqft $250
MLS Listing ID 25519941
Year Built 1928
Lot Size 6,811 Sqft
Acres 0.1563
Property Description
Casa Catalina presents an exciting opportunity to acquire a renovated and stabilized building only a half mile from the University of Southern California (USC) campus. At a going-in 6.33% cap rate, this meticulously restored 1920s-era building seamlessly blends historic charm with modern interiors, offering investors a turnkey asset with strong in-place cash flow and minimal future capital expenditure requirements. The extensive renovations include new flooring, contemporary kitchens with stainless steel appliances and stone countertops, updated bathrooms, designer lighting, and upgraded building systems. Situated just half a mile from USC and the vibrant USC Village, Casa Catalina benefits from a highly desirable location with built-in tenant demand. The unit mix consists of 6 one-bedroom apartments and 18 studio residences, each featuring modern interiors with Scandinavian-inspired aesthetics. The building's common areas have also been revitalized, featuring a newly furnished lobby, secured entry with intercom access, on-site laundry facilities, and a resident lounge in the rear courtyard. Casa Catalina stands within the USC Department of Public Safety Patrol Zone, offering an added layer of security that is highly valued by residents. With USC Village just a short walk away, tenants have immediate access to major retailers such as Trader Joe's and Target, as well as a variety of dining and fitness options. Additionally, the property's location provides easy connectivity to Downtown LA, Koreatown, and the broader Los Angeles metro area. This is a rare opportunity to acquire a fully modernized, stabilized asset that retains its original charm and character while offering contemporary comforts. Casa Catalina is perfectly positioned to deliver long-term value for investors seeking a high-quality, well-located rental property in Los Angeles.
Location
State CA
County Los Angeles
Area Mid Los Angeles
Zoning LAC2
Exterior
Roof Type Spanish Tile, Flat
Building
Story 3
Structure Type Brick
Others
Special Listing Condition Standard
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The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.
Listed by Kidder Mathews of California, Inc.