674 S Catalina St, Los Angeles, CA 90005
674 S Catalina St, Los Angeles, CA 90005
674 S Catalina St, Los Angeles, CA 90005
674 S Catalina St, Los Angeles, CA 90005
674 S Catalina St, Los Angeles, CA 90005
674 S Catalina St, Los Angeles, CA 90005
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Watson Realty

Watson Realty

+1(661) 779-7017
$ 2,900,000
Est. payment | /mo

12 Beds

12 Baths

7,472 SqFt

Save
$ 2,900,000
Est. payment | /mo
Save

12 Beds

12 Baths

7,472 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 7,472 sqft

Price per Sqft $388

MLS Listing ID 26747731

Bedrooms 12

Year Built 1950

Lot Size 8,702 Sqft

Acres 0.1998

Property Sub-Type Multi-Family

Property Description

***MAJOR PRICE REDUCTION. Exceptional Koreatown LAR5 / Tier 3 TOC development opportunity. New pricing creates compelling value for developers, investors, and value-add buyers in one of LA's strongest high-density growth corridors.*** 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.

Location

State CA

County Los Angeles

Area Mid-Wilshire

Zoning LAR5

Rooms

Other Rooms None

Interior

Heating Wall

Cooling Wall Unit(s)

Equipment Range/Oven, Refrigerator, Microwave

Exterior

Parking Features Uncovered, Driveway

Garage Spaces 7.0

Building

Story 2

Level or Stories Two

Others

Special Listing Condition Standard

TheMLS (CLAW)
The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026 The MLSTM/CLAW. All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by The Executive Realty Group

Nearby Locations

Watson Realty

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674 S Catalina St