674 S Catalina Street, Los Angeles, CA — listing photo 1
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FOR SALE

674 S Catalina Street

Los Angeles, CA 90005
12 Beds
12 Baths
7,472 Sq Ft
Built 1950
$2,900,000
Price ReducedWas $3,400,000 — $2,900,000 (-$500,000)

Property Overview

***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.

Home Details

Property type
Residential Income
Year built
1950
Living area
7,472 sq ft
Lot size
8,702 sq ft
Parking
7 spaces
Days on market
88
MLS status
Active

Location & Neighborhood

674 S Catalina Street

Los Angeles, CA 90005

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Frequently Asked Questions About 674 S Catalina Street

Property type: Residential Income

The current asking price is $2,900,000. 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 674 S Catalina Street. Our team will confirm availability and timing.
This 12 bedrooms and 12 bathrooms property offers approximately 7,472 square feet of living space. It was built in 1950. 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 88 days. Status can change, so verify availability before relying on it.

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“Reza was the best agent we have ever worked with.”Russell & Susan McQueen

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Listing Agent

Name: Beata Mandell
MLS ID: CLW-X58879

Available property

$2,900,000

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Data provided by California Regional Multiple Listing Service, Inc. ("CRMLS"). Information is for viewer's personal, non-commercial use. All data should be independently verified for accuracy.