3109 S Catalina St, Los Angeles, CA 90007
3109 S Catalina St, Los Angeles, CA 90007
3109 S Catalina St, Los Angeles, CA 90007
3109 S Catalina St, Los Angeles, CA 90007
3109 S Catalina St, Los Angeles, CA 90007
3109 S Catalina St, Los Angeles, CA 90007
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Armand Martin

Armand Martin

+1(661) 221-5011
$ 910,000
Est. payment | /mo

5 Beds

4 Baths

1,140 SqFt

Save
$ 910,000
Est. payment | /mo
Save

5 Beds

4 Baths

1,140 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 1,140 sqft

Price per Sqft $798

MLS Listing ID 26834543

Style Craftsman

Bedrooms 5

Year Built 1905

Lot Size 3,125 Sqft

Acres 0.0717

Property Sub-Type Multi-Family

Property Description

We are pleased to present the opportunity to acquire 3109 S. Catalina Street, a fully renovated 5-bedroom + 4-bathroom student housing investment located in the highly coveted West of Campus neighborhood within the USC DPS Patrol Zone. Just blocks from the University of Southern California, the property sits in one of the strongest student housing rental markets in Los Angeles, consistently achieving premium rents, full occupancy, and year-round tenant demand. Currently occupied by USC students, the property generates $6,500 per month in gross income. Backed by a proven operational history, parental guarantees, and strong in-place cash flow, the asset delivers immediate yield and stable income from day one. The offering consists of a beautifully restored 1905 Craftsman single family residence, totaling approximately 1,140 rentable square feet on a 3,125 square foot lot. The property has undergone extensive renovations with modern, high-end finishes throughout, including hardwood flooring, updated countertops, stainless steel appliances, tiled showers with glass enclosures, in-unit washers and dryers, furnished bedrooms, fully updated kitchens and bathrooms, recessed lighting, and contemporary fixtures. In addition to strong in-place cash flow, the property presents a significant value-add opportunity through the construction of an ADU at the rear of the lot. With ample remaining lot area and favorable zoning for ADU development, an incoming investor has a clear path to meaningfully increase gross income, boost overall yield, and enhance long-term property value, mirroring the proven ADU model already thriving throughout the USC student housing submarket. Operating costs are minimal, as tenants are responsible for all utilities; gas, water, trash, and electricity, allowing ownership to retain a larger share of gross income as NOI. Priced at a 7% cap rate and 11.6x GRM, the property delivers both stabilized cash flow and a clear roadmap for future growth through ADU development, making it an attractive long-term hold in a supply-constrained pocket of Los Angeles.

Location

State CA

County Los Angeles

Area Mid Los Angeles

Zoning LAR2

Rooms

Other Rooms None

Interior

Heating Other

Cooling Other

Equipment Range/Oven, Refrigerator, Dryer, Washer, Freezer, Other

Laundry Inside

Exterior

Parking Features Gated

Garage Spaces 5.0

Building

Story 2

Architectural Style Craftsman

Level or Stories Two

Others

Special Listing Condition Standard

TheMLS (CLAW)
The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026 The MLSTM/CLAW. All Rights Reserved.

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 Keller Williams Hollywood Hills

Nearby Locations

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Armand Martin

+1(661) 221-5011

armand.martin@exprealty.com

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3109 S Catalina St