Mixed-Use Religious Conversion
1025 South Catalina Street Los Angeles, CA 90006
1025 South Catalina Street, Los Angeles, CA, 90006
$1,200,000
For Sale
$1,200,000
Front unit has been used as a church, with back units converted into multiple living units.
Property Size2,395 SF
Price / SF$501.04
Days on Market696
Property Features for 1025 South Catalina Street
General Information
- Standard status
- Active
- Size
- 2,395 SF
- Property subtype
- Commercial Sale / Mixed Use
Building Details
- Year Built
- 1904
Listing agency
Premier Realty
(213) 322-3349
Listed by
Daniel Han · License #02067331
(213) 322-3349
Source
Compass
Added: Aug 25, 2024 Updated: Jul 21 at 4:52AM Checked: Jul 21 at 4:52AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Premier Realty
Investment Insights
Based on property information with market context.
Located at 1025 South Catalina Street in the center of Historic Koreatown Los Angeles, this mixed-use property includes a front unit that has been used as a church for decades. The front unit can be converted to commercial uses based on the current configuration.
The back units are described as not permitted but are already converted for residential use, including two one-bedroom units and two studio units, plus two additional rooms. The property may be considered for mixed-use use as-is or development into a multi-story apartment, subject to applicable requirements.
Offered for sale, this is a distinctive configuration that combines an established church-use frontage with additional converted living space at the rear.
The back units are described as not permitted but are already converted for residential use, including two one-bedroom units and two studio units, plus two additional rooms. The property may be considered for mixed-use use as-is or development into a multi-story apartment, subject to applicable requirements.
Offered for sale, this is a distinctive configuration that combines an established church-use frontage with additional converted living space at the rear.
Key Highlights
- Year built: 1904
- Front unit has been used as a church for decades and can be converted for commercial use
- Back units are converted into living units: 2 one‑bedroom units and 2 extra studio units, plus 2 additional rooms
Local Financial Insights For Mixed Use
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $86.2k | $36.00 |
| − Vacancy | −$8.6k | −$3.60 |
| EGI | $77.6k | $32.40 |
| − OpEx | −$29.1k | −$12.15 |
| NOI | $48.5k | $20.25 |
2,395 SF · lease $36.00/SF/yr · vacancy 10.00% · expense 37.50%
Alternative Uses
Best Use
Apartment 5plus
$42.34M
$37.05M – $49.40M
NOI $2,963,942 @ 7.0% cap · market cap 247.00%
Second Best
Mixed Use
$692.8K
$606.2K – $808.3K
NOI $48,499 @ 7.0% cap · market cap 4.04%
Theoretical Best
Multifamily LT 5
$48.52M
$42.46M – $56.61M
NOI $3,396,488 @ 7.0% cap · market cap 283.04%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Peniel Miju Church
Church
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Front unit has been used as a church, with back units converted into multiple living units.
Where is this mixed-use property located?
The property is located at 1025 South Catalina Street Los Angeles, CA.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Year built: 1904; Front unit has been used as a church for decades and can be converted for commercial use; Back units are converted into living units: 2 one‑bedroom units and 2 extra studio units, plus 2 additional rooms
