674 S Catalina Street
Los Angeles, CA 90005
12
Bed
0
Bath
7,472Sqft
8,702Sqft(Lot)
***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 repositionin
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Bedroom Information
Total beds: 12Bathroom Information
Total Baths: 12 -
Interior Features
Appliances: Microwave, Refrigerator -
Heating & Cooling
Has Heating: Yes Heating: Wall Furnace
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Building Information
Year Built: 1950Building Area Total: 7472Stories: 2Private Pool: No
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Lot Information
Lot Dimensions: 60x145 Main Square Feet: 8702 Lot Size Acres: 0.1998 Lot Size Square Feet: 8,702
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Listing Price Information
Listing Price: $2900000Original Price: $3400000
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Tax Information
Parcel Number: 5094007015
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Virtual Tour
Parking Information
Parking Total: 7 Driveway, Uncovered
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Location Information
Direction: North of Wilshire Blvd, East of Normandie Ave, on S Catalina St between Wilshire and 7th.
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 830 S Hoover Street, Los Angeles, CA, 90005 | $2,495,000 | 6 | -- | 8,080 | 8,080 SqFt |
| 2939 Leeward #212, Los Angeles, CA, 90005 | $1,099,999 | 3 | 3 | 1,690 | 1,690 SqFt |
| 681 Shatto Place, Los Angeles, CA, 90005 | $5,299,000 | -- | -- | 24,642 | 24,642 SqFt |
| 2961 W 8th Street, Los Angeles, CA, 90005 | $1,250,000 | 6 | 2 | 3,001 | 3,001 SqFt |
| 811 S Vermont Avenue, Los Angeles, CA, 90005 | $1,699,000 | -- | -- | 4,676 | 4,676 SqFt |
| 747 S New Hampshire Ave.., Los Angeles, CA, 90005 | $3,495,000 | -- | -- | 14,188 | 14,188 SqFt |
| 810 S Berendo Street, Los Angeles, CA, 90005 | $4,500,000 | 30 | 30 | 12,747 | 12,747 SqFt |
| 749 S Berendo, Los Angeles, CA, 90005 | $1,384,000 | 1 | 2 | -- | |
| 836 S Catalina Street, Los Angeles, CA, 90005 | $2,250,000 | 8 | 8 | 5,322 | 5,322 SqFt |
| 869 Irolo Street, Los Angeles, CA, 90005 | $1,999,000 | 4 | 2 | 3,214 | 3,214 SqFt |
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ByOwner last updated this listing 08/11/2026 @ 11:40
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