Franz Rodriguez - Desert Lifestyle Properties Logo
$2,900,000
 $15,568 est/mo Sourced by Back At You

674 S Catalina Street,Los Angeles, CA 90005

Los Angeles, CA 90005

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Description

***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 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 entitlement phases. Located just blocks from Wilshire Blvd, Metro stations, and major Koreatown projects. Rare offering in a dense, high-demand corridor with limited LAR5 inventory. Not currently RTI but the flat LAR5 lot and Tier 3 zoning make it a candidate for streamlined entitlement.

Details

MLS #26747731
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1950
Days On Site165
Listing Provided ByThe Executive Realty Group | Beata Mandell

Features

Bed(s)12
Bath(s)12
SQ Feet7,472
Story(s)2
Units11
Building(s)1
ZoningLAR5
Acreage0.20

Interior

HeatingWall Furnace
Heating Yes / NoYes
AppliancesMicrowave, Refrigerator

Parking

Parking FeaturesDriveway, Uncovered

Area Information

StateCA
CountyLos Angeles
CityLos Angeles
Zip Code90005
AreaC17 Mid Wilshire
Listing VS Median (in 90005)
Price:
$2,900,000
low | high
Med:
$595,000
100% of Average
sqft:
7,472
low | high
Med:
948
100% of Average
$ / sqft:
$388
low | high
Med:
$628
11.713953150007% of Average
On site:
165
low | high
Med:
90
100% of Average
Sourced by Back At You

Market Activity 90005

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Learn More About This Property

Franz Rodriguez

Franz Rodriguez

Desert Lifestyle Properties

02002804 (951) 206-8296franzpsrealtor@gmail.com
StateCA
CountyLos Angeles
CityLos Angeles
Zip Code90005
AreaC17 Mid Wilshire
Listing VS Median (in 90005)
Price:
$2,900,000
low | high
Med:
$595,000
100% of Average
sqft:
7,472
low | high
Med:
948
100% of Average
$ / sqft:
$388
low | high
Med:
$628
11.713953150007% of Average
On site:
165
low | high
Med:
90
100% of Average
Sourced by Back At You
Nearby Listings (Within 1/4 mile)
Price: $2.175M - $3.625M
sqft: 5,500 - 9,000
Nearby Listings Property ImageNearby Listings Details
749 S Berendo Property Photo 1
$1,384,000
749 S Berendo
Los Angeles, CA 90005
Listing Updated: September 29, 2026 at 1:29:55 AM PDT