$2,300,000
0.21 Acre Lot

144 S Catalina Street, Los Angeles, California 90004

  • Residential Income Property Type
  • 1921 Year Built
Property Description

Shovel-Ready 46-Unit RTI Development in Prime Koreatown: Incredible opportunity to develop a fully RTI-approved 46-unit 100% affordable housing project in the heart of Koreatown—one of the most dynamic and densely populated rental markets in Los Angeles. The 9,024 SF R3-zoned lot is approved for for 2 two-bedroom, 36 one-bedroom units and 8 studios,, totaling approx. 15,703 SF of rentable space and 20,510 SF of gross building area. Projected monthly rental income is approx. $109,072, based on current HACLA Section 8 rents—offering immediate and reliable long-term cash flow with significant upside. Located in the vibrant 90004 ZIP code, this transit-rich neighborhood is surrounded by major employment hubs (Downtown LA, Hollywood, Wilshire Center), Metro stations, and an endless mix of restaurants, shopping, and services. High walkability, strong tenant demand, and limited affordable housing supply make this a premier opportunity for developers and investors looking to secure a strong return in one of LA’s hottest submarkets.

Basic Details
Residential Income
For Sale
SR25093860
$2,300,000
1921
0.21 Acre
Active
1
Apartment
Features
: None
: Central Air
: None
: See Remarks
: Public Sewer
$0
Address Map
CA
Los Angeles
Los Angeles
90004
Catalina
144
Street
Vermont and Beverly
KREA - Koreatown
S
LAR3
Additional Information
$0
$0
$0
$0
$0
20510
: Curbs
1
: Value In Land
46
2025-04-29
4
: Public
Broker/Agent Information
Sync Brokerage
Rana Khanjani
Listing Information
SR207064568
SR0014706
Cash,Cash to New Loan
Active
2025-05-13T02:16:02Z
CRMLS
: Standard
2025-04-29T08:11:10Z
Agent info
Ray Millman
Mortgage Calculator
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Contact Agent
Contact Us
ray@millmanteam.com 310.375.1069