674 S Catalina Street, Los Angeles, CA 90005 (MLS # 26747731)

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PRICE $3,400,000 dsIDX morgage calculator
BEDS 12
BATHS 12
HOME SIZE 7,472 sqft
LOT SIZE 8,704 sqft

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.

DAYS ON MARKET 4 LAST UPDATED 4/17/2026
YEAR BUILT 1950 COMMUNITY C17 - Mid-Wilshire
COUNTY Los Angeles STATUS Active
PROPERTY TYPE(S) Residential Income


ADDITIONAL DETAILS
APPLIANCES Microwave, Refrigerator
AREA C17 - Mid-Wilshire
HEAT Wall Furnace
LOT 8703 sq ft
LOT DIMENSIONS 60x145
PARKING Driveway
STORIES 2
MORTGAGE CALCULATOR
   

TOTAL MONTHLY PAYMENT

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Listed with The Executive Realty Group

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