3109 S Catalina St
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.
Broker Details
Keller Williams Realty Hollywood Hills (310) 623-1300
MLS ID: C114727 State License Number: 01921748
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $910,000 |
| No. of Units: | 1 |
| Year Built: | 1905 |
| Lot Size: | 1,140.00 Sq ft |
| Opportunity Zone: | No |
| Price per unit: | $910,000 |
| Property Website | Click Here |
| Number of Bedrooms: | 5 |
| Number of Bathrooms: | 4 |
ID: 3yd-CLAWCA-26834543
Investment Analyzer
Sponsored by:
Step 1Financing Calculation
Step 2Gross Rent Analysis
Please enter annual amounts.
Step 3Final Deal Analysis
Similar Properties in the Area
1017 Hyde Street
San Francisco, California
7008 Jetty Court
Jurupa Valley, CaliforniaBrokers
View All-
Remax Professionals
Re/Max Real Estate Professionals | New York
-
Jared Ennis
Central CA Commercial | California
-
Rick Recckio
Recckio Real Estate & Development
-
Eamonn McConnell
Avison Young - CA - ON - Greater Toronto
Lenders
View AllManagement
View All-
Essex Property Trust, Inc.
California
-
Josh A
California
-
Bob Tuteur
-
Andrew Schildcrout