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 Bedrooms: 12Bathroom Information
Total Baths: 12 Full Baths: 0 Half Baths: 0 -
Interior Features
Property Appliances: Microwave,Refrigerator -
Heating Source
Wall Furnace Has Heating
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Building Information
Year Built: 1950 Building Area Total: 7,472
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Lot Details
Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 0.1998 Lot Size Dimensions: 60x145 -
Lot Size Source: Vendor Enhanced Lot Size Square Feet: 8702
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Listing Price Information
Original List Price: 2,900,000 Listing Contract Date: 2026-04-17 -
Lease Information
Listing Agreement: Exclusive Right To Sell
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Tax Information
Parcel Number: 5094007015
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Garage and Parking
Garage Description: Driveway,UncoveredHomeowners Association
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Other Property Info
Source Listing Status: Active Source Neighborhood: C17 - Mid-Wilshire Postal Code Plus 4: 1709 Directions: North of Wilshire Blvd, East of Normandie Ave, on S Catalina St between Wilshire and 7th. Zoning: LAR5 Source Property Type: Residential Income Area: C17 - Mid-Wilshire -
Building and Construction
Property Age: 76 Year Built Source: Vendor Enhanced Total Square Feet Living: 7472 Levels or Stories: Two Building Total Stories: 2
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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 | $1,199,999 | 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 |
| 743 S Berendo Street, Los Angeles, CA, 90005 | $3,200,000 | 12 | -- | 9,955 | 9,955 SqFt |
| 836 S Catalina Street, Los Angeles, CA, 90005 | $2,250,000 | 8 | -- | 5,322 | 5,322 SqFt |
| 741 S Hobart Boulevard, Los Angeles, CA, 90005 | $3,999,000 | 15 | -- | 11,230 | 11,230 SqFt |
| 3951 Ingraham Street, Los Angeles, CA, 90005 | $7,700,000 | 23 | -- | 21,100 | 21,100 SqFt |
| 705 S Gramercy Place, Los Angeles, CA, 90005 | $1,490,000 | 6 | -- | 3,640 | 3,640 SqFt |
| 838 S Gramercy Place, Los Angeles, CA, 90005 | $1,790,000 | 11 | -- | 6,324 | 6,324 SqFt |
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ByOwner last updated this listing 06/25/2026 @ 10:19
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