241 N Catalina Street

Property Overview

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 advantages for investors (buyer to verify). The site may also be well-suited for a 100% affordable housing development opportunity under ED1 guidelines (buyer to verify). Centrally located just blocks from the Vermont/Beverly Metro station, the site offers excellent access to public transportation, as well as nearby retail, dining, and neighborhood amenities. Seller is open to flexible escrow terms, making this an ideal opportunity for developers seeking time to pursue entitlements.

Home Details

Property type: Residential - Single Family Residence
Year built: 1922
Living area: 1,718 sq ft
Lot size: 7,420 sq ft
Days on market: 72
Full bathrooms: 2
MLS status: Active
Zoning: LAR3

Features & Amenities

Parking

Door Multi
Driveway
Garage

Pool

None

Community, Schools & Utilities

Community

View: None

Utilities

Heating: Central
Cooling: CentralAir

Browse more homes for sale in Los Angeles

Location & Neighborhood

Los Angeles, CA 90004

Open in Google Maps Open in Apple Maps

Frequently Asked Questions About 241 N Catalina Street

Property type: Residential

The current asking price is $1,295,000. Pricing is subject to change and may vary based on market conditions, negotiations, and property updates. Contact our team to verify current pricing.

Yes. Use the Book Visit action or contact form to request an in-person or virtual tour of 241 N Catalina Street. Our team will confirm availability and timing.

This 3 bedrooms and 2 bathrooms property offers approximately 1,718 square feet of living space. It was built in 1922. Review the listing details and disclosures, then independently verify material features before making a decision.

The property is in Los Angeles, California. Review the map, visit at relevant times of day, and verify schools, commute routes, services, noise, hazards, and local rules for the exact address.

Financing depends on the buyer, lender, property type, condition, appraisal, insurance, and association documents. A qualified lender can confirm available programs and costs for this Los Angeles property.

The MLS currently reports the property as Active. It has been listed for 72 days. Status can change, so verify availability before relying on it.