1322 S Catalina St, Los Angeles, CA 90006

The Subject property is an 18-unit, true value-add investment opportunity located in Koreatown; the property is located just south of Pico Boulevard, between Normandie Avenue & Vermont Avenue. The property property presents an impressive unit mix throughout consisting of 14 singles and four one-bedrooms; the majority of the units are currently at below market rent offering an investor a the chance to increase cash flow dramatically to a 7.91% pro forma CAP rate when stabilized. 1322 South Catalina Street is being offered at a low price per unit of $130,556; significant loss-to-lease of over 44%.High walk score of 92 and is within walking distance to the Metro Purple Line, multiple bus stops and Loyola High School; nearby amenities give tenants many options for nightlife, employment and education. Koreatown is one of the most densely populated submarkets in all of Los Angeles with rising rents year-over-year.