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$1,150,000
Est. payment /mo
4 Beds
4 Baths
3,608 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 3,608 sqft
Price per Sqft $318
MLS Listing ID 26659743
Bedrooms 4
HOA Y/N No
Year Built 1922
Lot Size 8,285 Sqft
Property Description
165 S Catalina Street presents a Koreatown multifamily investment and development opportunity delivered with RTI-approved plans to construct four additional units, allowing investors to immediately expand the property with minimal entitlement risk.The property sits on an 8,309-square-foot R3-zoned lot within a Transit-Oriented Communities (TOC) Tier 3 incentive area, creating a clear path for increased residential density near major transit. In addition to the approved expansion, the site is in close proximity to the Vermont/Wilshire Metro Station, positioning the property for potential future density increases under SB 79 Tier 1 transit proximity incentives once implemented.The existing improvements consist of a four-unit Tudor-style multifamily building totaling approximately 3,600 square feet, with average unit sizes around 900 square feet, providing flexibility for investors to reposition the existing units while planning for long-term development potential.Located within a designated Opportunity Zone, the property benefits from strong rental demand and proximity to neighborhood amenities including Wilshire Boulevard, Larchmont Village, Hancock Park, and Silver Lake, along with convenient access to the 101 and 10 Freeways.The property is being offered AS-IS with tenants in place, providing investors with current income while evaluating expansion or redevelopment strategies.
Location
State CA
County Los Angeles
Area C17 - Mid-Wilshire
Zoning LAR3
Interior
Heating None
Cooling None
Fireplace No
Exterior
Parking Features Detached Carport, Driveway
Total Parking Spaces 9
Building
Faces East
Story 2
Entry Level Multi/Split
Architectural Style Tudor
Level or Stories Multi/Split
New Construction No
Others
Senior Community No
Tax ID 5518020011
Special Listing Condition Standard
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Listed by Daniel Withers Matthews Real Estate Investment Services #01325901
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