144 S Catalina Street, Los Angeles, CA 90004 - MLS#SR25093860

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Arash Rokni

arash@roknigroup.com +1(619) 762-0777

$2,300,000

Est. payment - /mo

1 Bed

9,024 Sqft Lot

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID SR25093860

Bedrooms 1

HOA Y/N No

Lot Size 9,024 Sqft

Property Sub-Type Res Income 2-4 Units

Property Description

Shovel-Ready 46-Unit RTI Development in Prime Koreatown: Incredible opportunity to develop a fully RTI-approved 46-unit 100% affordable housing project in the heart of Koreatownone of the most dynamic and densely populated rental markets in Los Angeles. The 9,024 SF R3-zoned lot is approved for 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 rental income is approx. $109,072, based on current HACLA Section 8 rentsoffering immediate and reliable long-term cash flow with significant upside. Located in the vibrant 90004 ZIP code, this transit-rich neighborhood is surrounded by major employment hubs (Downtown LA, Hollywood, Wilshire Center), Metro stations, and an endless mix of restaurants, shopping, and services. High walkability, strong tenant demand, and limited affordable housing supply make this a premier opportunity for developers and investors looking to secure a strong return in one of LAs hottest submarkets.
Shovel-Ready 46-Unit RTI Development in Prime Koreatown: Incredible opportunity to develop a fully RTI-approved 46-unit 100% affordable housing project in the heart of Koreatownone of the most dynamic and densely populated rental markets in Los Angeles. The 9,024 SF R3-zoned lot is approved for 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 rental income is approx. $109,072, based on current HACLA Section 8 rentsoffering immediate and reliable long-term cash flow with significant upside. Located in the vibrant 90004 ZIP code, this transit-rich neighborhood is surrounded by major employment hubs (Downtown LA, Hollywood, Wilshire Center), Metro stations, and an endless mix of restaurants, shopping, and services. High walkability, strong tenant demand, and limited affordable housing supply make this a premier opportunity for developers and investors looking to secure a strong return in one of LAs hottest submarkets.

Location

State CA

County Los Angeles

Area Los Angeles (90004)

Zoning Other

Interior

Cooling Central Forced Air

Building

Lot Description Curbs

Story 4

Lot Size Range 7500-10889 SF

Others

Monthly Total Fees $54

Miscellaneous Value in Land

Acceptable Financing Cash

Listing Terms Cash

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Listed by Rana Khanjani • Sync Brokerage

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Arash Rokni

REALTOR® | CADRE# 02005305

+1(619) 762-0777 | arash@roknigroup.com

San Diego Communities

144 S Catalina Street Los Angeles, CA 90004

Arash Rokni

Key Details

Location

Interior

Building

Others

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