Log In/Sign Up
Your email has been sent.
241 N Catalina St 0.17 Acres of Commercial Land Offered at $1,300,000 in Los Angeles, CA 90004
Investment Highlights
- Walking Distance to Vermont/Beverly Metro Station
- High Rental Demand Area
- Single Family Residence = No Rent Control or Tenant Relocation Necessary!
- Located within an Opportunity Zone!
Executive Summary
PRICE REDUCED! 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.
Property Facts
| Price | $1,300,000 | Property Subtype | Commercial |
| Sale Type | Investment | Total Lot Size | 0.17 AC |
| No. Lots | 1 | Opportunity Zone |
Yes
|
| Property Type | Land | ||
| Zoning | R3 - Restricted Density Multiple Dwelling | ||
| Price | $1,300,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Total Lot Size | 0.17 AC |
| Opportunity Zone |
Yes |
| Zoning | R3 - Restricted Density Multiple Dwelling |
1 Lot Available
Lot
| Price | $1,300,000 | Lot Size | 0.17 AC |
| Price Per AC | $7,633,856.74 |
| Price | $1,300,000 |
| Price Per AC | $7,633,856.74 |
| Lot Size | 0.17 AC |
Description
The property located at 241 N Catalina Street, Los Angeles, CA 90004 is a single-family residence with redevelopment potential. Built in 1922, the home includes three bedrooms and two full bathrooms, with an interior living area of approximately 1,718 square feet. The lot measures approximately 7,417 SF (about 0.17 acres) and is zoned LAR3, which allows for multi-family residential development.
1 1
Very walkable
80/100
Moderately drivable
70/100
Strong public transit
80/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 5518-018-020 | Improvements Assessment | $18,743 |
| Land Assessment | $356,538 | Total Assessment | $375,281 |
Property Taxes
Parcel Number
5518-018-020
Land Assessment
$356,538
Improvements Assessment
$18,743
Total Assessment
$375,281
1 of 25
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
241 N Catalina St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.