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$1,300,000

Est. payment - /mo

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3 Beds

2 Baths

1,718 SqFt

Price Dropped by $50K

241 N Catalina ST Los Angeles, CA 90004

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Rick Lee

rickjleehomes@gmail.com +1(714) 943-1598

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Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 1,718 sqft

Price per Sqft $756

MLS Listing ID 26829703

Bedrooms 3

Full Baths 2

HOA Y/N No

Year Built 1922

Lot Size 7,418 Sqft

Property Sub-Type Single Family Residence

Property Description

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.

Location

State CA

County Los Angeles

Area C17 - Mid-Wilshire

Zoning LAR3

Rooms

Other Rooms Guest House

Interior

Heating Central

Cooling Central Air

Flooring Laminate

Fireplaces Type None

Furnishings Unfurnished

Fireplace No

Laundry Outside

Exterior

Parking Features Door-Multi, Driveway, Garage

Pool None

View Y/N No

View None

Private Pool No

Building

Entry Level One

Level or Stories One

Additional Building Guest House

New Construction No

Others

Senior Community No

Tax ID 5518018020

Special Listing Condition Standard

CRMLS Full IDX Feed (MAIN Website Search)

Listed by Daniel Shamooelian Keller Williams Beverly Hills #01984269

NEARBY SCHOOL & BUSINESS

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