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Listed by: Beata Mandell (310) 701-3808 DRE #01392993, Zo Lakanwal DRE #02126194 | The Executive Realty Group (310) 701-3808
$2,900,000
Monthly Est:$14,434
12 Beds
12 Baths
7,472sqft
674 S Catalina St, Los Angeles, CA 90005
$2,900,000
$14,434/moEst:
Get Pre-Approved
Multi Family
Built in 1950
$-- HOA
8,702 sqft lot
$388/sq.ft
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.
- Houzeo last checked: 12 hours ago
- Listing updated: July 14, 2026 at 6:28 pm
- Source: California Regional MLS-CA | MLS#: 26747731
Property Details
Status
Active
Type
Multi Family
No. of Stories
2
County
City
Neighborhood
Year Built
1950
HOA Fees
-
Finished Area
7,472 sqft
Lot Size
8,702 sqft lot
Basement Area
- sqft
MLS Name
California Regional MLS
MLS Number
26747731
MLS Status
Active
Days on Market
200
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Location
Facts & Features
Rooms
Bedrooms & bathrooms
Bedrooms: 12
Bathrooms: 12
Interior
Appliances
Microwave, Refrigerator
Heating
Wall Furnace
Utilities & Energy
Parking Features
Driveway, Uncovered
Price History
| Date | Event | Price |
|---|---|---|
04/17/2026 Source: | Listed for Sale | $2,900,000 -14.71% $388/sqft |
04/17/2026 Source: | Price Increased | $3,400,000 +17.24% $455/sqft |
04/17/2026 Source: | Price Decreased | $2,900,000 -25.64% $388/sqft |
05/26/2025 Source: | Listed for Sale | $3,900,000 $522/sqft |
05/26/2025 Source: | Off Market | $3,900,000 $522/sqft |
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Based on information from California Regional Multiple Listing Service, Inc. as of Nov 02, 2026, 02:15PM and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This website may not include listings or property addresses of sellers who have directed their listing brokers to withhold their listing or their property address from display on the Internet. © 2026 California Regional Multiple Listing Service. All Rights Reserved.
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