Description:
The subject property is a forty-five (45) unit apartment building located on Catalina Street one and a half blocks north of Wilshire Blvd, between West fifth and Sixth Streets in Koreatown. The building sits on the East side of the street facing West and is in the middle of the block. It is a four story building with groud level gated parking and a staircase in the center leading up to the first floor of units. There is a small courtyard in the center of the building. Upon entering the security entrance, the first units #101 & 102 are on the left and right, a stairwell leading to the second level of units is on the left just up the steps and the door straight ahead leads to the hallway of the first floor of units. The entry has just been re-done with non-slip white ceramic tile and gold painted railings, which gives it an elegant look and feel. The unit mix consists of six (6) singles, seventeen (17) one-bedroom/one-baths, three (3) one-bedroom/two-bath&dens, eleven (11) two-bedroom/two-baths and Eight (8) two-bedroom/two-baths with balconies . Each apartment is spacious and the units are range from good condition to excellent condition with many of the units having pergo wood floors. These spacious units include mirrored closet doors and new floors. The front units which consist of (2) 1+1s, (3) 1+2+dens, and (3) 2+2s all have large balconies. The building was constructed in 1971 and is built of a wood frame with steel posts and a stucco exterior painted pink in color with a flat roof. The roof was redone in 2004. There is gated security with cameras for the subteranean parking on the ground floor which can handle 54 cars, only a couple of which are tandem. The building has nice amenities, like the courtyard in the center of the building, the swimming pool situated in the rear of the of the building and the laundry room complete with new machines. There is a key card system for laundry usage. Along with the abundant parking on the ground, towards the rear, there is a storage area which provides additional income to the property. Overall the building is in very good condition. PLEASE NOTE: Page 5 in the package outlines 14 units which may be able to be turned via eviction of the current tenants and the reason this may be possible. THIS PROPERTY HAS BEEN SOLD AND IS NO LONGER AVAILABLE.
Disclaimer:
This information has been secured from sources we believe to be reliable, but make no representation or warranties, expressed or implied as to the accuracy of the information. References to square footage and/or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies.
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