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144 S Catalina St - Fully RTI Approved | 46-Unit | KTOWN 0.21 Acres of Commercial Land Offered at $2,751,175 CAD in Los Angeles, CA 90004

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INVESTMENT HIGHLIGHTS

Fully RTI-Approved for 46 Units – Affordable Housing
Unit Mix: 2 Two-Bedrooms, 36 One-Bedrooms & 8 Studios
Prime Koreatown Location – High-Density, Transit-Rich 90004 Zip

Shovel-Ready Development on a 9,024 SF R3-Zoned Lot
Ideal for Developers & Investors Seeking Reliable Long-Term Cash Flow
Surrounded by Major Employment Hubs: DTLA, Hollywood, Wilshire Center

EXECUTIVE SUMMARY

Incredible opportunity to develop a fully RTI-approved 46-unit 100% affordable housing project in the heart of Koreatown—one of the most dynamic and densely populated rental markets in Los Angeles. The 9,024 SF R3-zoned lot is approved 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 rents—offering 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 LA’s hottest submarkets.

Offering Memorandum

PROPERTY FACTS

Price	$2,751,175 CAD	Property Subtype	Commercial
Sale Type	Investment	Proposed Use	Multifamily Apartment Units
Sale Condition	Redevelopment Project	Total Lot Size	0.21 AC
No. Lots	1	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Property Type	Land
Zoning	LAR3 - Multiple Dwelling R2 Uses, Apartment Houses, Multiple Dwellings, Child Care (20 max)

Price	$2,751,175 CAD
Sale Type	Investment
Sale Condition	Redevelopment Project
No. Lots	1
Property Type	Land
Property Subtype	Commercial
Proposed Use	Multifamily Apartment Units
Total Lot Size	0.21 AC
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	LAR3 - Multiple Dwelling R2 Uses, Apartment Houses, Multiple Dwellings, Child Care (20 max)

1 LOT AVAILABLE

Lot 1

Price	$2,751,175 CAD	Lot Size	0.21 AC
Price Per AC	$13,280,243.60 CAD

Price	$2,751,175 CAD
Price Per AC	$13,280,243.60 CAD
Lot Size	0.21 AC

Fully RTI-approved 46-unit affordable housing development opportunity on a flat 9,024 SF R3-zoned lot in the heart of Koreatown

DESCRIPTION

Existing Condition: Residential triplex totaling approx. 3,771 SF — to be delivered vacant at close of escrow. Existing Condition: Some properties need to be demolished that are on the property.

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