Iconic Investments is pleased to offer for sale 1315 S. Catalina St., a 7-unit apartment building located in the Pico-Union submarket of Los Angeles. Built in 1908 with additional units added in 2012 & 2021, 3 of the 7 units are not subject to Los Angeles City RSO. The unit mix is 1 one-bed/one-bath, 5 two-bed/one-bath and 1 four-bed/two bath units. 4 of the 7 units have been recently updated with new hardwood floors, kitchen cabinets & countertops, bathrooms, fixtures, lighting, stainless steel appliances and split-system air conditioning/heating units. In addition, the other 3 units were newly constructed in 2012 & 2021 and new at that time. The property is individually metered for both gas and electric, and the tenants pay for trash. All units have individual water heaters. Unit numbers 5 & 6 were built in 2012 allowing for 10% annual rent increases.
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