316 S Catalina St
Los Angeles, CA 90020
REDUCED - Koreatown - Build 65± Units · Land For Sale
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0.18 AC
Investment Highlights
- Vacant Land - Demo’d in 2021 and Ellis’d in 2018
- Half mile from Metro station!
- 50x155.5 Lot Dimensions
- Do an ED1 Project and Build 65± Units over 5 stories - Concept Plans Available
- Walker’s Paradise per Walk Score - Walk to Fine and Casual Dining, Shopping, Nightlife and More!
- Tier 1 SAFMR
Property Facts
Description
REDUCED! Partners CRE is proud to present for sale a development opportunity in Prime Koreatown - in the middle of everything! This property was Ellis’d in 2018 and Demolished in 2021…and the property has an issued SB8 ED1 RUD! With 7,790 SF of R4-1 Tier 3 TOC vacant land, this property qualifies for SAFMR Tier 1! Utilize ED1 for a 65± Unit 5 Story Project in one of the most competitive rental markets in the country! Seller has Conceptual Plans for a project. Walking distance to pretty much all, including the Metro Subway Station waiting for the westward expansion to Westwood, or take the Subway to Hollywood, Downtown, or connect to practically anywhere in the Greater Los Angeles area! Walk to Vons, Ralphs, fine and casual dining, happening nightlife, entertainment, public transportation…this neighborhood is perfect for new construction with little to no parking!
Property Taxes
| Parcel Number | 5502-006-004 | Improvements Assessment | $0 |
| Land Assessment | $1,650,000 | Total Assessment | $1,650,000 |
Property Taxes
