$ 1,350,000
-
$1,350,000
Price -
3
Bed -
2
Bath -
1,718
SqFt
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About the Listing X74054 - C126012
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.
Listing Highlights
Status
Active
Days on Site
1
Property Type
Residential
MLS ®
26829703
Year Built
1922
Total Square Footage
1,718
Lot/Acreage
0.17
County
Los Angeles
Interior Details
- Bedrooms: 3
- Bathrooms: 2 Full
- Appliances:
- Air Cond: Central,Air Conditioning
- Heating: Central
- Fireplaces:
- Floor: Laminate
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other: Unfurnished,Dining Area,Living Room,Center Hall
- Water:
Exterior Details
- Garage Capacity: N/A
- Parking Spaces: 0
- Lot Dimensions: 50x120
- Zoning: LAR3
- Roof:
- Others:
- Sewer:
- Parking Features: Garage - 2 Car,Driveway
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: N/A
Payment Calculator
Monthly Payment
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- in Taxes
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Questions About..
241 N Catalina St Los Angeles, CA 90004
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