New

$1,099,000

For Sale

4 hours ago

1228 S Catalina St, Los Angeles, CA

Name: 1228 S Catalina St, For Sale in Los Angeles - eXp Realty
Brand: Redpoint Realty
SKU: 26810135
Price: 1099000 USD

House

MLS® 26810135

4 Bed

4 Bath

2352 sqft

3 Parking

Key Facts
Description
Map

Key Facts

Type

Levels Residential Income

Size 2352 sqft

Garage

Taxes

Days Active 0

Lot Size

Approx. Age 1910

Avg. Price Per Sqft $467

MLS® Number 26810135

Property Address: 1228 S Catalina St, Los Angeles, CA, 90006-3306

Average square foot calculated using Size range provided by listing agent.

Description

1228-1230 S Catalina Street presents a rare LAR3 multifamily investment which owner can occupy and redevelopment opportunity in the heart of Koreatown, one of Los Angeles' most supply-constrained and transit-oriented rental submarkets. The property sits on an approximately 0.135 AC lot and is currently improved with a well-maintained duplex, each approximately 1, 200 SF with 2 bedrooms and 2 bathrooms; one of the bathroom is not permitted, offering immediate in-place income from one unit and long-term redevelopment flexibility. One unit will be delivered vacant. Originally constructed in 1910, the property retains desirable period character, including original Art Deco fireplaces and Craftsman cabinetry, while benefiting from meaningful capital improvements such as updated electrical systems, copper plumbing, and energy-efficient tankless water heaters. Kitchens have been upgraded with ceramic tile flooring and granite countertops, positioning the asset well for continued rental performance during a hold period. The site is significantly underutilized relative to its LAR3 zoning, creating clear upside for a future multifamily redevelopment. R3 zoning allows for higher residential density, with additional potential to increase unit count through State Density Bonus, SB 423 streamlining, and TOC, Tier 3 incentives; subject to buyer verification. The property's proximity to major transit corridors, employment centers, and neighborhood amenities further supports higher-density residential development and long-term rent growth. A shared landscaped yard with mature trees enhances livability and tenant appeal, while the central location near Koreatown, public transportation, dining, and retail supports sustained demand. The property is well suited for developers, value-add investors, or 1031 exchange buyers seeking a covered land play with multiple exit strategies, including hold, reposition, or ground-up redevelopment. Offered as-is. Buyer to independently verify zoning, density, development incentives, and feasibility.

MLS® Number26810135

Laundry Level

Central VacNo

FireplaceNo

Acreage

Exterior

Garage

Approx. Age1910

Basement

DrivewayDriveway, Gated, Private, Uncovered

Garage Spaces

Heat

A/C

Heating Fuel

Extras

Price History

-End Date

Not Sold YetSold Price

For Sale

Apr 27, 2026List Date

$1,099,000List Price

-End Date

Not Sold YetSold Price

For Sale

Feb 2, 2026List Date

$1,099,000List Price

Commute

Commute

Starting Address

Destination Address

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