7
See all 7 photos
$2,300,000
Est. payment /mo
9,025 Sqft Lot
New
144 S Catalina ST Los Angeles, CA 90004
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Key Details
Property Type Condo
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
MLS Listing ID SR25093860
HOA Y/N No
Year Built 1921
Lot Size 9,025 Sqft
Property Sub-Type Apartment
Property Description
Shovel-Ready 46-Unit RTI Development in Prime Koreatown: Incredible opportunity to develop a fully RTI-approved 46-unit 100% affordable housing project in the heart of Koreatown—one of the most dynamic and densely populated rental markets in Los Angeles. The 9,024 SF R3-zoned lot is approved for 40 one-bedroom units and 6 studios, totaling approx. 15,703 SF of rentable space and 20,510 SF of gross building area. Projected monthly rental income is approx. $109,072, based on current HACLA Section 8 rents—offering immediate and reliable long-term cash flow with significant upside. Located in the vibrant 90004 ZIP code, this transit-rich neighborhood is surrounded by major employment hubs (Downtown LA, Hollywood, Wilshire Center), Metro stations, and an endless mix of restaurants, shopping, and services. High walkability, strong tenant demand, and limited affordable housing supply make this a premier opportunity for developers and investors looking to secure a strong return in one of LA's hottest submarkets.
Location
State CA
County Los Angeles
Area Krea - Koreatown
Zoning LAR3
Interior
Cooling Central Air
Fireplaces Type None
Fireplace No
Laundry See Remarks
Exterior
Pool None
Community Features Curbs
Private Pool No
Building
Lot Description Value In Land
Story 4
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 5518023004
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Special Listing Condition Standard
Listed by Rana Khanjani • Sync Brokerage • 818-723-9071
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