975 S CATALINA Street, Los Angeles, CA 90006
Property · 2 recorded sales since 2016
Sold January 2018
Listing Agent: John C. Pak (DRE #01898649) · Listing Office: JP Investment Real Estate Grou · Contact: 213-915-0055 · Bought with: J. Geo Kim · One Properties · MLS #17295980 · Source: CRMLS
About this property
Non-entitled development or 3-unit value-add opportunity in prime K-town location! Just North of Olympic. One of the hottest development spots in the area with multiple surrounding mixed use commercial and apartment developments currently being built steps away. Option 1 - Development: R4-1 Zoning. By right, you are allowed to build 14 units. Mixture of Studios,1 or 2 Bedroom Units.1 Floor Parking Underground, around 4-5 stories above ground. Perfect size for local developers.(Please verify with City.) Option 2 - Multi-Unit Value Add:3 Units. Under Rent Control, however, current tenants paying much under what is allowed. Quick renovation and create wonderful steady income opportunity. Due to surrounding developments currently happening, area rapidly growing in value and transforming by the minute.Walking distance to markets, restaurants, and entertainment spots. A low-slung residential block on Dewey could soon be the site of a sizable hotel with 99 guest rooms.
Listing description from the January 2018 sale, as reported to CRMLS.
Sale history
