241 N Catalina Street
Los Angeles, CA 90004
- Bedrooms
- 3
- Bathrooms
- 2
- Interior
- 1,718 sq ft
- Year Built
- 1922
About this residence
We are pleased to present for sale an exceptional development opportunity in the heart of Koreatown. Located at 241 N Catalina Street, this R3-1 zoned property offers significant potential for increased density. The 7,417 SF lot (approximately 50' x 148') allows for the development of up to 9 units by right, with the potential to build up to 21 units utilizing TOC incentives (buyer to verify). The property is improved with an existing single-family residence that will be delivered vacant at closing, with no tenant relocation or RSO requirements. Property is currently permitted and licensed for residential care / group living use, offering additional operational or income potential (buyer to verify). Situated within a Qualified Opportunity Zone, the property may offer additional tax advantages for investors (buyer to verify). The site may also be well-suited for a 100% affordable housing development opportunity under ED1 guidelines (buyer to verify). Centrally located just blocks from the Vermont/Beverly Metro station, the site offers excellent access to public transportation, as well as nearby retail, dining, and neighborhood amenities. Seller is open to flexible escrow terms, making this an ideal opportunity for developers seeking time to pursue entitlements.
Property details
- Status
- For Sale
- Property type
- Single-Family Home
- Price per sq ft
- $757/sq ft
- Days on market
- 42 days
- Year built
- 1922
- View
- None
- Parking
- 0 spaces
- Furnished
- No
- Waterfront
- No
- MLS number
- 26829703
Location & neighborhood
241 N Catalina Street, Los Angeles, CA 90004
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Mortgage calculator
- Principal & interest$6,574
- Property taxes$1,972
- Insurance$542
- HOA / fees$0
Estimate only. Taxes, insurance and HOA are approximate.
Listing courtesy of Keller Williams Beverly Hills · MLS 26829703. Information deemed reliable but not guaranteed; buyers should independently verify all details.
Equal Housing Opportunity. LA Condo HQ is committed to compliance with all federal, state, and local fair housing laws. We do not discriminate on the basis of race, color, religion, sex, handicap, familial status, national origin, or any other protected class. All measurements, square footage, and financial figures are approximate and provided for informational purposes only.