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 Koreatown—one of the most dynamic and densely populated rental markets in Los Angeles. The 9,024 SF R3-zoned lot is approved for 40 one-bedroom units and 6 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 rents—offering 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 LA’s hottest submarkets.
Property Details
Price:
$2,300,000
MLS #:
SR25093860
Status:
Active
Baths:
0
Address:
144 S Catalina Street
Type:
Residential Income
Subtype:
Apartment
Neighborhood:
kreakoreatown
City:
Los Angeles
Listed Date:
Apr 29, 2025
State:
CA
ZIP:
90004
Lot Size:
9,024 sqft / 0.21 acres (approx)
Year Built:
1921
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Schools
Interior
Cooling
Central Air
Fireplace Features
None
Exterior
Community Features
Curbs
Garage Spaces
0.00
Lot Features
Value In Land
Parking Spots
0.00
Pool Features
None
Sewer
Public Sewer
Stories Total
4
Water Source
Public
Financial
Map
Community
- Address144 S Catalina Street Los Angeles CA
- AreaKREA – Koreatown
- CityLos Angeles
- CountyLos Angeles
- Zip Code90004
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144 S Catalina Street
Los Angeles, CA
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