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- LoopNet Team
165 S Catalina St
Los Angeles, CA 90004
4 Unit Multifamily · Land For Sale
·
0.19 AC
INVESTMENT HIGHLIGHTS
- Tons of new developments from East Hollywood to other desired locations being adjacent to Hancock Park, Silverlake, and Koreatown.
- North of Wilshire, near a plethora of amenities along 3rd St and Vermont Ave. Near 101 Fwy and 10 Fwy
- ADU conversion of 4 car garage
- Attractive frontage of 57 SF X 146 SF on flat land in OPPORTUNITY ZONE
- This rare offering provides the developer to build up to 10 units by right and 19 with TOC. Most other projects are 8 or 9 units buildable
PROPERTY FACTS
DESCRIPTION
Existing 4plex with a Tudor-style architecture, sitting on one of the largest lots in the neighborhood. There's a decent sized front yard area as well as a massive space for parking in the rear alongside the 4 car garage and backyard area. Many exit strategies can be explored through Value Add, ADU conversions, add ons, redevelopment by right, Small lot subdivision, or building a TOC apartment. Preserve your capital by holding an asset with inherent land value with multiple exits, in a location burgeoning with new constructions and wealth. Not to mention the 270 degree views of some of the most iconic landmarks in LA: Hollywood sign, DTLA skyline, Koreatown skyline, and palm trees lining the streets. There's plenty to do in the area- Koreatown walkability and nightlife blossoms East of Normandie.
PROPERTY TAXES
| Parcel Number | 5518-020-011 | Improvements Assessment | $348,173 |
| Land Assessment | $800,802 | Total Assessment | $1,148,975 |
PROPERTY TAXES
