674 South Catalina Street
11-Unit Apartment | TOC Tier 3 | LAR5 Zoning | 8,702 SF Lot | Redevelopment Opportunity
Marketing description
Executive Realty Group is pleased to present 674 S. Catalina Street, an exceptional multifamily redevelopment opportunity in the heart of Koreatown. The property consists of an 11-unit apartment building situated on an 8,702-square-foot LAR5-zoned lot with TOC Tier 3 eligibility, offering significant redevelopment potential (buyer to verify all development standards and incentives).
The existing improvements provide in-place rental income while allowing an investor or developer to pursue a higher and better use. Located in one of Los Angeles’ strongest rental markets, the property benefits from proximity to Wilshire Boulevard, Metro transit, major employment centers, shopping, dining, and entertainment.
Opportunities of this size and zoning are becoming increasingly limited in Koreatown. This offering presents the chance to acquire a well-located asset with immediate cash flow and long-term upside through redevelopment.
Investment highlights
- Prime Koreatown location with strong redevelopment potential
- 11-unit apartment building on an 8,702 SF LAR5-zoned lot
- TOC Tier 3 eligible with potential for increased density and height (buyer to verify)
- Existing in-place income while pursuing redevelopment
- 7,472 SF existing improvements
- Walking distance to Metro, Wilshire Blvd., restaurants, and employment centers
- Ideal for developers, value-add investors, and multifamily builders
- Offered at $2,900,000- SM- Seller Open to Reviewing All Serious Offers
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