$1,449,888

165 S Catalina Street, Los Angeles, CA 90004

8,309

Lot Size

165 Catalina is one of the LARGEST R3 development sites in the area priced $174.5/SF and $145,000/by-right buildable unit or 76,00 per TOC unit. This unique opportunity to build 10 units by right or 19 with TOC Density Bonus, as opposed to most other projects offering 8 or 9 units buildable. Area consistently benefits with Tons of new developments in the area from the growth of East Hollywood and given our property's close proximity to an abundance of wealth in Hancock Park, Silverlake, Larchmont, and Vermont Blvd in Koreatown. The property sits on an attractive frontage of 57 FT x 146 FT on flat land with over 8 tandem parking spaces and a 4 car garage. Passage of the new ADU ordinances, developer may have the opportunity to build an extra 2 Accessory Dwelling Units. Existing 4plex with month to month tenants producing $3,400/mo. Plenty of amenities along 3rd St and Vermont Ave and public/private funded new developments. Subject property sits North of Wilshire Blvd in the OPPORTUNITY ZONE and is easily accessible by the 101 Fwy and 10 Fwy. This is an AS-IS sale delivered with tenants in place. Cross-listed as Income Property. Buyer is advised to do their own due dilligence and independently verify the accuracy of all marketed information through personal inspection and with the appropriate professional.

Facts & Features

MLS® # 21746216
Price $1,449,888
Bathrooms 0.00
Lot Size 8,309
Type Land
Status Active

Community Information

Address 165 S Catalina Street
Area C17 - Mid-Wilshire
City Los Angeles
County Los Angeles
State CA
Zip Code 90004

Amenities

View None
Is Waterfront No
Has Pool No

Interior

Has Basement No
Fireplace No

Additional Information

Date Listed June 8th, 2021
Days on Market 16
Zoning LAR3
Foreclosure No
Short Sale No
RE / Bank Owned No
HOA Fees 0.00

Listing Details

AgentAlex Shin
OfficeKeller Williams Downtown LA

Listing Map

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