165 S Catalina Street presents a Koreatown multifamily investment and development opportunity delivered with RTI-approved plans to construct four additional units, allowing investors to immediately expand the property with minimal entitlement risk.The property sits on an 8,309-square-foot R3-zoned lot within a Transit-Oriented Communities (TOC) Tier 3 incentive area, creating a… Read More clear path for increased residential density near major transit. In addition to the approved expansion, the site is in close proximity to the Vermont/Wilshire Metro Station, positioning the property for potential future density increases under SB 79 Tier 1 transit proximity incentives once implemented.The existing improvements consist of a four-unit Tudor-style multifamily building totaling approximately 3,600 square feet, with average unit sizes around 900 square feet, providing flexibility for investors to reposition the existing units while planning for long-term development potential.Located within a designated Opportunity Zone, the property benefits from strong rental demand and proximity to neighborhood amenities including Wilshire Boulevard, Larchmont Village, Hancock Park, and Silver Lake, along with convenient access to the 101 and 10 Freeways.The property is being offered AS-IS with tenants in place, providing investors with current income while evaluating expansion or redevelopment strategies. Read Less
Courtesy of Matthews Real Estate Investment Services 866-889-0550
Listing Snapshot
Days Online
24
Last Updated
Property Type
Other
Beds
4
Square Ft.
3,608
Lot Size
0.19 Acres
Year Built
1922
MLS Number
26659743
30 Days Snapshot Of 90004
$2.69M
+26%
(avg) sold price
6
+20%
homes sold
61
-56%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
None
Building
3,608 sq ft, Built in 1922, Levels: Multi/Split, Tudor
Cooling
None
Disclosures
Building Permit, As Is
Garage
Carport Detached, Driveway
Heating
None
Lot
LotAcreage: 0.1902, LotSizeArea: 8,285
Parking
TotalParking: 9
Property
NumberOfUnits: 4, Zoning: LAR3
Find The Perfect Home
'VIP' Listing Search
Whenever a listing hits the market that matches your criteria you will be immediately notified.
The information is for consumers' personal, non-commercial use and may not be used for any purpose other than identifying properties which consumers may be interested in purchasing.
Confirm your time
Fill in your details and we will contact you to confirm a time.
