$2,900,000

674 S Catalina Street, Los Angeles, CA 90005

  • 7,472 sqft
  • Property Icon other
  • Property Year Built Icon Built in 1950
  • Property Lot Size Icon8,703sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $388/sqft
  • Property List Date Icon Listed 1 month ago

Property Description

***MAJOR PRICE REDUCTION. Exceptional Koreatown LAR5 / Tier 3 TOC development opportunity. New pricing creates compelling value for developers, investors, and value-add buyers in one of LA's strongest high-density growth corridors.*** Prime Koreatown LAR5-zoned property with Tier 3 TOC designation ideal for high-density multifamily, mixed-use, or future condo/hotel development. 11-unit income-producing building, fully occupied, generating $13,640.88/month in actual rents ($163,690.56 annually). Cap rate ~2% | GRM 23.82 this is a land-value and entitlement play, not a cash-flow asset. Flat 8,700 SF lot with potential for 26,000 buildable SF by right (buyer to verify).No Ellis Act or tenant buyouts completed developers maintain full control of exit or repositioning strategy. Subject to LA Rent Stabilization (RSO); Unit 3 currently rented at $394/month under RSO. Income can support carrying costs during planning or entitlement phases. Located just blocks from Wilshire Blvd, Metro stations, and major Koreatown projects. Rare offering in a dense, high-demand corridor with limited LAR5 inventory. Not currently RTI but the flat LAR5 lot and Tier 3 zoning make it a candidate for streamlined entitlement.

Listing Status:
Active
Date Added:
April 17, 2026
Data Last Updated:
May 20, 2026 at 7:06AM
Listing Office:
The Executive Realty Group : 310-701-3808
Listing Agent:
Beata Mandell : 310-701-3808
MLS ID:
CL26747731
  • Heating: Wall Furnace
  • Parking: OtherUncovered Parking Space
  • County: Los Angeles
  • Zoning: LAR55094007015

This listing courtesy of Beata Mandell , The Executive Realty Group

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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