241 N Catalina Street
Los Angeles, CA 90004
3
Bed
2
Bath
1,718Sqft
7,420Sqft(Lot)
We are pleased to present for sale an exceptional development opportunity in the heart of Koreatown. Located at 241 N Catalina Street, this R3-1 zoned property offers significant potential for increased density. The 7,417 SF lot (approximately 50' x 148') allows for the development of up to 9 units by right, with the potential to build up to 21 units utilizing TOC incentives (buyer to verify). The property is improved with an existing single-family residence that will be delivered vacant at closing, with no tenant relocation or RSO requirements. Property is currently permitted and licensed for residential care / group living use, offering additional operational or income potential (buyer to verify). Situated within a Qualified Opportunity Zone, the property may offer additional tax advanta
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Bedroom Information
Total Bedrooms: 3Bathroom Information
Total Baths: 2 Full Baths: 2 Half Baths: 0 -
Interior Features
Fireplace: None Flooring: Laminate Furnished Description: Unfurnished -
Cooling Features
Central Air Air ConditioningHeating Source
Central Has HeatingFireplace
Fireplace Features: None Has Fireplace: 0
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Building Information
Year Built: 1922 Building Area Total: 1,718 -
Pool Features
NoneLaundry Features
Outside
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Lot Details
Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 0.1703 Lot Size Dimensions: 50x120 -
Lot Size Source: Vendor Enhanced Lot Size Square Feet: 7420
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Listing Price Information
Original List Price: 1,300,000 Listing Contract Date: 2026-05-05 -
Lease Information
Listing Agreement: Exclusive Right To Sell
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Tax Information
Parcel Number: 5518018020
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Garage and Parking
Garage Description: Door-Multi,Driveway,GarageHomeowners Association
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Other Property Info
Source Listing Status: Active Source Neighborhood: C17 - Mid-Wilshire Postal Code Plus 4: 4677 Directions: South of Beverly Blvd, North of 3rd St, East of Normandie Ave, West of Vermont Ave Zoning: LAR3 Source Property Type: Residential Area: C17 - Mid-Wilshire Property SubType: Single Family Residence -
Building and Construction
Property Age: 104 Common Walls: No Common Walls Structure Type: Single Family Residence Year Built Source: Vendor Enhanced Total Square Feet Living: 1718 Levels or Stories: One Building Total Stories: 1
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 542 N Commonwealth, Los Angeles, CA, 90004 | $1,675,000 | 3 | 3 | 2,847 | 2,847 SqFt |
| 432 N Commonwealth, Los Angeles, CA, 90004 | $795,000 | 4 | 2 | 1,432 | 1,432 SqFt |
| 441 N Commonwealth Avenue, Los Angeles, CA, 90004 | $850,000 | 1 | 1 | 1,014 | 1,014 SqFt |
| 447 N Commonwealth Avenue, Los Angeles, CA, 90004 | $900,000 | 3 | -- | 1,798 | 1,798 SqFt |
| 3812 Middlebury, Los Angeles, CA, 90004 | $799,800 | 3 | 2 | 1,240 | 1,240 SqFt |
| 449 N Virgil, Los Angeles, CA, 90004 | $1,299,000 | 2 | 2 | 1,886 | 1,886 SqFt |
| 3875 Middlebury Street, Los Angeles, CA, 90004 | $699,000 | 2 | 1 | 667 | 667 SqFt |
| 3220 W 2nd Street, Los Angeles, CA, 90004 | $1,480,000 | 8 | -- | 7,985 | 7,985 SqFt |
| 210 S Commonwealth Avenue, Los Angeles, CA, 90004 | $3,590,000 | 24 | -- | 10,884 | 10,884 SqFt |
| 124 N Westmoreland Avenue, Los Angeles, CA, 90004 | $4,350,000 | -- | -- | 17,730 | 17,730 SqFt |
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ByOwner last updated this listing 06/23/2026 @ 18:23
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