Active

1228 S Catalina Street

Los Angeles, CA 90006
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Bed 4

Bed

Bath 0

Bath

SqFt2,352

Sqft

SqFt5,906

Sqft(Lot)

1228-1230 S Catalina Street presents a rare LAR3 multifamily investment which owner can occupy and redevelopment opportunity in the heart of Koreatown, one of Los Angeles' most supply-constrained and transit-oriented rental submarkets. The property sits on an approximately 0.135 AC lot and is currently improved with a well-maintained duplex, each approximately 1,200 SF with 2 bedrooms and 2 bathrooms; one of the bathroom is not permitted, offering immediate in-place income from one unit and long-term redevelopment flexibility. One unit will be delivered vacant. Originally constructed in 1910, the property retains desirable period character, including original Art Deco fireplaces and Craftsman cabinetry, while benefiting from meaningful capital improvements such as updated electrical syste ms, copper plumbing, and energy-efficient tankless water heaters. Kitchens have been upgraded with ceramic tile flooring and granite countertops, positioning the asset well for continued rental performance during a hold period. The site is significantly underutilized relative to its LAR3 zoning, creating clear upside for a future multifamily redevelopment. R3 zoning allows for higher residential density, with additional potential to increase unit count through State Density Bonus, SB 423 streamlining, and TOC, Tier 3 incentives; subject to buyer verification. The property's proximity to major transit corridors, employment centers, and neighborhood amenities further supports higher-density residential development and long-term rent growth. A shared landscaped yard with mature trees enhances livability and tenant appeal, while the central location near Koreatown, public transportation, dining, and retail supports sustained demand. The property is well suited for developers, value-add investors, or 1031 exchange buyers seeking a covered land play with multiple exit strategies, including hold, reposition, or ground-up redevelopment. Offered as-is. Buyer to independently verify zoning, density, development incentives, and feasibility.

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Detail Ic Property Details

Property Type : Residential Income

Price : $1,091,000

AD Id : 77771676

MLS Id : 26810135

Beds : 4

Lot Size : 5,906 Sqft

Living Area Size : 2,352

Year Built : 1910

County : Los Angeles

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Feature Features

  • Bedroom Information

    Total Bedrooms: 4

    Bathroom Information

    Total Baths: 4 Full Baths: 0 Half Baths: 0
  • Interior Features

    Property Appliances: Refrigerator,Dryer,Washer
  • Cooling Features

    Wall/Window Unit(s) Air Conditioning

    Heating Source

    Floor Furnace Has Heating

  • Building Information

    Year Built: 1910 Building Area Total: 2,352

  • Lot Details

    Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 0.1356
  • Lot Size Source: Vendor Enhanced Lot Size Square Feet: 5906

  • Listing Price Information

    Original List Price: 1,091,000 Listing Contract Date: 2026-04-27
  • Lease Information

    Listing Agreement: Seller Reserved

  • Tax Information

    Parcel Number: 5078030020

  • Garage and Parking

    Garage Description: Driveway,Gated,Private,Uncovered

    Homeowners Association

  • Other Property Info

    Source Listing Status: Active Source Neighborhood: C17 - Mid-Wilshire Postal Code Plus 4: 3306 Directions: North of Pico, West of Vermont Ave, South of 12th St and East of Dewey Ave. The property at 1228 S Catalina St is west-facing toward S Catalina Street, with its main entrance and street-facing facade oriented to the west for excellent curb appeal. Zoning: LAR3 Source Property Type: Residential Income Area: C17 - Mid-Wilshire
  • Building and Construction

    Property Age: 116 Common Walls: 1 Common Wall Year Built Source: Vendor Enhanced Total Square Feet Living: 2352 Property Attached: Yes Levels or Stories: Two Building Total Stories: 2
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Nearby Home Value

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1333 Arapahoe Street, Los Angeles, CA, 90006 $995,000 5 3 2,626 2,626 SqFt
1415 Arapahoe Street, Los Angeles, CA, 90006 $1,600,000 6 4 3,641 3,641 SqFt

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ByOwner last updated this listing 06/25/2026 @ 13:36

MLS: 26810135 LISTED BY: Arthur Yoon, Redpoint Realty 213-380-1500 SOURCE: CRMLS

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