44
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$1,091,000
Est. payment /mo
4 Beds
2,352 SqFt
Active
1228 S Catalina Street Los Angeles, CA 90006
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Key Details
Property Type Single Family Home
Sub Type OTHER
Listing Status Active
Purchase Type For Sale
Square Footage 2,352 sqft
Price per Sqft $463
MLS Listing ID CL26810135
Bedrooms 4
HOA Y/N No
Year Built 1910
Lot Size 5,906 Sqft
Acres 0.14
Property Sub-Type OTHER
Property Description
1228-1230 S Catalina Street presents a rare LAR3 multifamily investment which owner can occupy and redevelopment opportunity in the heart of Koreatown, one of Los Angeles' most supply-constrained and transit-oriented rental submarkets. The property sits on an approximately 0.135 AC lot and is currently improved with a well-maintained duplex, each approximately 1,200 SF with 2 bedrooms and 2 bathrooms; one of the bathroom is not permitted, offering immediate in-place income from one unit and long-term redevelopment flexibility. One unit will be delivered vacant. Originally constructed in 1910, the property retains desirable period character, including original Art Deco fireplaces and Craftsman cabinetry, while benefiting from meaningful capital improvements such as updated electrical systems, copper plumbing, and energy-efficient tankless water heaters. Kitchens have been upgraded with ceramic tile flooring and granite countertops, positioning the asset well for continued rental performance during a hold period. The site is significantly underutilized relative to its LAR3 zoning, creating clear upside for a future multifamily redevelopment. R3 zoning allows for higher residential density, with additional potential to increase unit count through State Density Bonus, SB 423 streamlining, and TOC, Tier 3 incentives; subject to buyer verification. The property's proximity to major transit corridors, employment centers, and neighborhood amenities further supports higher-density residential development and long-term rent growth. A shared landscaped yard with mature trees enhances livability and tenant appeal, while the central location near Koreatown, public transportation, dining, and retail supports sustained demand. The property is well suited for developers, value-add investors, or 1031 exchange buyers seeking a covered land play with multiple exit strategies, including hold, reposition, or ground-up redevelopment. Offered as-is. Buyer to independently verify zoning, density, development incentives, and feasibility.
Location
State CA
County Los Angeles
Zoning LAR3
Interior
Heating Floor Furnace
Cooling Wall/Window Unit(s)
Fireplace No
Laundry Dryer, Washer
Exterior
View Y/N false
View None
Total Parking Spaces 3
Building
New Construction No
Others
Tax ID 5078030020
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Listed by Arthur Yoon • Redpoint Realty
NEARBY SCHOOL & BUSINESS
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