310-777-2888

674 S Catalina Street, Los Angeles, CA 90005

$2,900,000 Approx. USD 12 beds, 12 baths
7,472 sqft

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Marketed By St. James + Canter

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Marketed By Cristie St. James REALTOR® - Broker Associate 310-291-1029 m
310-777-2888 o
Lic#: 00949711
NRDS ID: 175502141
cristie@stjamescanter.com Beverly Hills Office
131 South Rodeo Drive, Ste. 100
Beverly Hills, CA 90212
Phone: 310-777-7800
Fax: 310-858-1295

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Listing Agent

Beata Mandell | unabella9@yahoo.com
Lic#: 01392993
Broker: Courtesy of The Executive Realty Group
Phone: 310-701-3808

Co Listing Agent

Zo Lakanwal | homeswithzo@gmail.com
Lic#: 02126194
Broker: Courtesy of The Executive Realty Group
Phone: 818-388-4305

Agent Remarks

***MAJOR PRICE REDUCTION. Exceptional Koreatown LAR5 / Tier 3 TOC development opportunity. New pricing creates compelling value for developers, investors, and value-add buyers in one of LA's strongest high-density growth corridors.*** 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.

Listing Details

Property type: (Multi-Family)

Status: Active

MLS# 26747731

List price is $2,900,000 Reduced by $500,000 on 5/13/2026

Price: $2,900,000

Beds: 12

Baths: 12

Built in 1950

7,472 sqft

2 stories

0.20 acres

Lot size: 0.1998

County: Los Angeles

Zoning: LAR5

Appliances: Microwave,Refrigerator

Parking description: Driveway,Uncovered

Heating description: Wall Furnace

MLS area: C17 - Mid-Wilshire

Last Updated: 5/13/2026

Days On Market (DOM): 64

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This listing belongs to the C17 - Mid-Wilshire MLS area

Lat/Long: 34.060743, -118.295044.
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