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David Martinez & Lee Ziff Sell Multifamily Property In Los Angeles For $2.09M

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SOLD
$2,093,000

California

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MultiFamily6,647 SF
Sold 05/31/2024
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Property Image
SOLD

David Martinez & Lee Ziff Sell Multifamily Property In Los Angeles For $2.09M

139 North Catalina Street

See Similar Deals
MultiFamily6,647 SF
Sold 05/31/2024
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Summary

CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$314
Total Square Footage:6,647 SF
Transaction Type:Sale

An elegant multifamily property located in the sought-after "Catalina Heights" of Los Angeles has been recently sold for $2,093,000. The property, situated at 139 North Catalina Street, features three units with a total square footage of 6,647 and a price per unit of $697,667. The sale also included updated amenities such as stainless steel appliances, in-unit laundry, spacious living areas, original hardwood floors, bay windows, and crown moldings.

Summary of transation details:

  • Property Type: Multifamily
  • Transaction Amount: $2,093,000
  • Units: 3
  • Price Per Unit: $697,667
  • Square Footage: 6,647
  • Market: Los Angeles
  • Address: 139 North Catalina Street

Lee Ziff and David Martinez of Keller Williams Beverly Hills represented the parties involved in the sale of this historic multifamily property. The property is well-known for its charming and comfortable living experience and its prime location near Metro access and various city attractions.

Players

Lee Ziff
3 deals$7.5M volume(310) 991-3977
BROKER

David Martinez
Keller Williams Realty
2 deals$4.7M volume(310) 991-3977
BROKER

Details

SOLD
IMAGE: David Martinez & Lee Ziff DATE: 05/31/2024 ADDRESS: 139 North Catalina Street MARKET: Los Angeles ASSET TYPE: Multifamily BROKERS: David Martinez & Lee Ziff (@LeeZiffLA) - Keller Williams Beverly Hills (@KWOfBeverlyHills) SALE PRICE: $2,093,000 UNITS: 3 ~ PPU: $697,667 SF: 6,647 ~ PPSF: $315 NOTE: Located in the sought-after "Catalina Heights" of Los Angeles, a historic multifamily property at 139 North Catalina Street, boasting three units, has been sold for $2,093,000, with Lee Ziff and David Martinez of Keller Williams Beverly Hills acting as brokers. The property offers a timeless, elegant design with updated amenities, including stainless steel appliances and in-unit laundry, showcasing spacious living areas, original hardwood floors, bay windows, and exquisite crown moldings, providing tenants with a charming and comfortable living experience in a prime location near Metro access and various city attractions.

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Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$7,436.00
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,921.89
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