Homes for sale - 674 S Catalina St, Los Angeles, CA 90005

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Sharlotte Blake

sharlotteblake@me.com +1(323) 219-1101

$3,900,000

Est. payment - /mo

12 Beds

12 Baths

7,472 SqFt

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 7,472 sqft

Price per Sqft $521

MLS Listing ID 25543419

Bedrooms 12

Year Built 1950

Lot Size 8,702 Sqft

Acres 0.1998

Property Sub-Type Multi-Family

Property Description

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.

Location

State CA

County Los Angeles

Area Mid-Wilshire

Zoning LAR5

Rooms

Other Rooms None

Interior

Heating Wall

Cooling Wall Unit(s)

Equipment Range/Oven, Refrigerator, Microwave

Exterior

Parking Features Uncovered, Driveway

Garage Spaces 7.0

Building

Story 2

Level or Stories Two

Others

Special Listing Condition Standard

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Listed by The Executive Realty Group

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Sharlotte Blake

+1(323) 219-1101

Broker Associate | License ID: 02035876

Broker Associate License ID: 02035876

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Los Angeles, CA

674 S Catalina St Los Angeles, CA 90005

Sharlotte Blake

Key Details

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Rooms

Interior

Exterior

Building

Others

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674 S Catalina St