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Listed price in listed location currency (USD).
$3,400,000

12127

MLS® 26747731

  • Key Facts
  • Description
  • Map

Key Facts

Type 
Levels Residential Income
Size 7472 sqft
Garage 
Taxes 
Days Active 3
Lot Size 
Approx. Age 1950
Avg. Price Per Sqft $455
MLS® Number 26747731

Property Address: 674 S Catalina St, Los Angeles, CA, 90005-1709

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

Description

Prime Koreatown LAR5-zoned property with Tier 3 TOC designation ideal for high-density multifamily, mixed-use, or future condo/hotel development. 11-unit income-producing building, fully occupied, generating $13, 640.88/month in actual rents ($163, 690.56 annually). Cap rate ~2% | GRM 23.82 this is a land-value and entitlement play, not a cash-flow asset. Flat 8, 700 SF lot with potential for 26, 000 buildable SF by right (buyer to verify).No Ellis Act or tenant buyouts completed developers maintain full control of exit or repositioning strategy. Subject to LA Rent Stabilization (RSO); Unit 3 currently rented at $394/month under RSO. Income can support carrying costs during planning or entitlement phases. Located just blocks from Wilshire Blvd, Metro stations, and major Koreatown projects. Rare offering in a dense, high-demand corridor with limited LAR5 inventory. Not currently RTI but the flat LAR5 lot and Tier 3 zoning make it a candidate for streamlined entitlement.
MLS® Number26747731
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1950
Basement
DrivewayDriveway, Uncovered
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Apr 17, 2026List Date
$3,400,000List Price
  • Commute

Commute

Starting Address
Destination Address
674 S Catalina St, Los Angeles, CA

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