674 S Catalina St, Los Angeles, CA, 90005
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Property Details
12
12
Multi-Family
Description
Property Details: • Type: Multi-Family • Bedrooms: 12 • Bathrooms: 12 • Square Feet: 7472 • Lot/Size: 8,702 sqft lot
Description: 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 enti
Location
Address
674 S Catalina St, Los Angeles, CA, 90005
City
Los Angeles
Features and Finishes
Year Built: 1950; [object Object]; [object Object]; [object Object]
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