674 S Catalina Street, Los Angeles, CA 90005

Los Angeles
Local realty services provided by:ERA North Orange County Real Estate
674 S Catalina Street,Los Angeles, CA 90005
$3,400,000
  • 12 Beds
  • 12 Baths
  • 7,472 sq. ft.
  • Multi-family
  • Active
Listed by: beata mandell, zo lakanwal
Office: the executive realty group310-701-3808
MLS#:26747731
Source:CRMLS

Price summary

  • Price:$3,400,000
  • Price per sq. ft.:$455.03

About this home

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.

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Home facts

  • Year built:1950
  • Listing ID #:26747731
  • Added:15 day(s) ago
  • Updated:May 03, 2026 at 10:30 AM

Rooms and interior

  • Bedrooms:12
  • Total bathrooms:12
  • Kitchen Description:Microwave, Refrigerator
  • Living area:7,472 sq. ft.

Heating and cooling

  • Heating:Wall Furnance

Structure and exterior

  • Year built:1950
  • Building area:7,472 sq. ft.
  • Lot area:0.2 Acres
  • Levels:2 Story

Finances and disclosures

  • Price:$3,400,000
  • Price per sq. ft.:$455.03

Parking

  • Total parking spaces:7
  • Parking description:Driveway, Uncovered
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