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144 S Catalina St
Los Angeles, CA 90004
Multifamily Property For Sale
·
15 Units
Investment Highlights
- FULLY PAID PERMITS | ED1 APPROVED | SHOVEL READY
- 15,703 SF RENTABLE | 20,510 SF GROSS (POST-DEVELOPMENT)
- PRIME KOREATOWN LOCATION | HIGH WALKABILITY
- 46-UNIT ED1 DEVELOPMENT OPPORTUNITY
- DELIVERED VACANT WITH EXISTING TRIPLEX
- NO PARKING REQUIRED
Executive Summary
PERMITS FULLY PAID | ED1 APPROVED | SHOVEL READY | DELIVERED VACANT Exceptional development opportunity in the heart of Koreatown. 9,024 SF R3-zoned lot with an existing vacant triplex and RTI permits fully delivered for a 46-unit ED1 project with an approved covenant in place. Permits include 2 two-bedroom units, 36 one-bedroom units, and 8 studios, totaling approximately 15,703 SF of rentable space and 20,510 SF of gross building area. No parking required, significantly reducing construction costs and timelines. Located in a high-demand, transit-accessible area near Metro lines, major employers, and vibrant dining and retail, making this an ideal project for long-term hold or build-to-sell with strong income potential and value appreciation. Renderings may not entirely reflect final plans.
Property Facts
| Price Per Unit | $172,784 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.24 AC |
| Sale Condition | Redevelopment Project | Building Size | 10,000 SF |
| No. Units | 15 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1964 |
| Property Subtype | Apartment | Parking Ratio | 1.2/1,000 SF |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Zoning | PSR4 | ||
| Price Per Unit | $172,784 CAD |
| Sale Type | Investment |
| Sale Condition | Redevelopment Project |
| No. Units | 15 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.24 AC |
| Building Size | 10,000 SF |
| No. Stories | 2 |
| Year Built | 1964 |
| Parking Ratio | 1.2/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | PSR4 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 15 | - | 1,050 |
Property Taxes
| Parcel Number | 5735-024-008 | Improvements Assessment | $906,430 CAD |
| Land Assessment | $85,247 CAD | Total Assessment | $991,677 CAD |
Property Taxes
Parcel Number
5735-024-008
Land Assessment
$85,247 CAD
Improvements Assessment
$906,430 CAD
Total Assessment
$991,677 CAD
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