$2,300,000
For Sale

144 S Catalina Street

Los Angeles, CA 90004
0.21 acres | #SR25079690
Listing OfficeSync Brokerage
Type:Purchase
Structure:Land
Zone:Residential

Description

Prime Koreatown development opportunity with RTI permits fully delivered for a 46-unit affordable housing developement. The 9,024 SF R3-zoned lot is approved 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 income is approx. $109,072 based on HACLA Section 8 rents. Located in a high-demand, transit-accessible area near Metro lines, major employers, and endless dining and retail. Strong potential for long-term cash flow and value appreciation

  • Property Details
      • ViewNeighborhood
      • CountyLos Angeles
      • Original List Price$2,300,000
      • MLS #SR25079690
      • MLS #SR25079690
      • Lot DescriptionBackYard
      • Property TypePurchase
      • Cost2300000
      • Acres0.2072
      • Utility SourcePublic
      • Property SubtypeLand

Location

RayBon MortgageReal Estate Group
OR

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10.0%

Interest Rate

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6.0%

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2.6%
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