226 N Catalina St
Los Angeles, CA 90004
The Overlook LA - Shovel Ready 17 Unit TOC · Terrain À vendre · 0,18 AC

Evanisko Realty & Investment, Inc., as exclusive advisor, is pleased to present the opportunity to acquire 226 N. Catalina St.; a 7,780 SF transit-oriented single lot development opportunity. The site is 950 feet from the entrance to the Vermont/Beverly Redline Station and is currently entitled for 17 apartment units utilizing TOC by Warren Techentin Architecture.
While perhaps contrarian to lead with the TOC entitlement based on the market’s feverish rush to produce affordable housing leveraging compelling policy changes (of which this property is certainly also the beneficiary of), we believe the entitled 17-unit TOC project provides the most holistic basis for understanding the real estate’s potential, the available critical work product, and the capacities of the surrounding supportive infrastructure. Not to mention, it is a rare opportunity to break ground now - allowing a builder to take advantage of five years of entitlement work.
The location is marked by substantial urban growth while still maintaining the quincentennial Los Angeles palm-lined street vibe. Many factors demonstrate the continual rise of the location’s valuation potential as new supply in the area enables clarity on future rents. The Overlook LA project will be an asset located within the path of imminent continual growth and urbanization. If you are a builder aiming to build and hold well designed and located apartment assets this could be one to consider.
The project is at the perfect stage to pass the baton…speaking of which, this project can be completed prior to the Olympics…made possible by almost five years of entitlement work leading to this point which required a traverse of the SNAP Specific Plan, LADBS, and the Housing Department.