2659 S Catalina St

Prime 10-Unit Income Property Near USC with Vacancy & Rental Upside
Located just minutes from USC, Exposition Park, and Downtown LA, this is a value-add investor’s dream in the highly desirable University Park neighborhood. This charming 10-unit multifamily asset offers both stable income and clear upside potential through turnover and repositioning.
The unit mix includes:
• 2 x 2-Bedroom Units
• 7 x 1-Bedroom Units
• 1 x Studio/Single
Offering a rare opportunity to immediately begin increasing revenue. Two of the units have projected market rents of $2,400/month, and existing rents across the property are substantially below market, leaving room for meaningful income growth.
The property is located in a Tier 3 TOC and CPIO overlay zone, and is zoned LARD1.5, presenting potential for ADU conversion, redevelopment, or additional density (buyer to verify). On-site parking and individual unit layouts add to its long-term appeal.
With high rental demand driven by proximity to transit, USC, and major employment centers, this is an exceptional opportunity to acquire a centrally located Los Angeles multifamily property with strong fundamentals and value-add potential.