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
Property listed by Matthews Real Estate Investment Services, Daniel Withers 310-259-7556
Listing Snapshot
Days Online
8
Last Updated
Beds
4
Square Ft.
3,608
Lot Size
0.19 Acres
Year Built
1922
MLS Number
26659743
Additional Details
Building
Built in 1922, Living area: 3608.0, 2 buildings, Building faces East, 2 stories, Levels: MultiSplit
Cooling
None
Heating
None
Lot
0.1902 acres
Parking
9 total parking spaces, DetachedCarport, Driveway
Taxes
Parcel Number: 5518020011, Zoning: LAR3
Tenant Pays
Electricity, Gas, TrashCollection, Water
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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