CA > Los Angeles
Los Angeles, CA 90004,144 S Catalina Street
Los Angeles, CA 90004,144 S Catalina Street
Los Angeles, CA 90004,144 S Catalina Street
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Glen Henderson

Glen Henderson

+1(619) 500-3222
$2,200,000
Est. payment /mo
1 Bed
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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID SR25093860

Bedrooms 1

Property Sub-Type Res Income 2-4 Units

Property Description

Shovel-Ready 46-Unit RTI Development in Prime Koreatown: Incredible opportunity to develop a fully RTI-approved 46-unit 100% affordable housing project in the heart of Koreatownone of the most dynamic and densely populated rental markets in Los Angeles. The 9,024 SF R3-zoned lot is approved for for 2 two-bedroom, 36 one-bedroom units and 8 studios,, totaling approx. 15,703 SF of rentable space and 20,510 SF of gross building area. Projected monthly rental income is approx. $109,072, based on current HACLA Section 8 rentsoffering immediate and reliable long-term cash flow with significant upside. Located in the vibrant 90004 ZIP code, this transit-rich neighborhood is surrounded by major employment hubs (Downtown LA, Hollywood, Wilshire Center), Metro stations, and an endless mix of restaurants, shopping, and services. High walkability, strong tenant demand, and limited affordable housing supply make this a premier opportunity for developers and investors looking to secure a strong return in one of LAs hottest submarkets.

Location

State CA

County Los Angeles

Zoning Other

Direction Vermont and Beverly

Interior

Cooling Central Forced Air

Fireplace No

Exterior

View Y/N No

Building

Story 4

Level or Stories 4

Others

Tax ID 5518023004

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MLS Router / San Diego MLS
Listed by Rana Khanjani Sync Brokerage
agent

Glen Henderson

Broker Associate | License ID: 01384181

+1(619) 500-3222

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