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$1,300,000

241 Catalina Street

Los Angeles, CA 90004

Active

Beds

Baths

1,718

Sq. Ft.

1922

Year Built

Los Angeles

County

SingleFamilyResidence

Property Type

About this home

We are pleased to present for sale an exceptional development opportunity in the heart of Koreatown. Located at 241 N Catalina Street, this R3-1 zoned property offers significant potential for increased density. The 7,417 SF lot (approximately 50' x 148') allows for the development of up to 9 units by right, with the potential to build up to 21 units utilizing TOC incentives (buyer to verify). The property is improved with an existing single-family residence that will be delivered vacant at closing, with no tenant relocation or RSO requirements. Property is currently permitted and licensed for residential care / group living use, offering additional operational or income potential (buyer to verify). Situated within a Qualified Opportunity Zone, the property may offer additional tax advantages for investors (buyer to verify). The site may also be well-suited for a 100% affordable housing development opportunity under ED1 guidelines (buyer to verify). Centrally located just blocks from the Vermont/Beverly Metro station, the site offers excellent access to public transportation, as well as nearby retail, dining, and neighborhood amenities. Seller is open to flexible escrow terms, making this an ideal opportunity for developers seeking time to pursue entitlements.

Listed by Daniel Shamooelian · DRE #01984269 · Keller Williams Beverly Hills

MLS #1159545843

ListedMay 5, 2026

Property Details

Architecture

Stories0

StyleN/A

Total UnitsN/A

RoofN/A

Garage SpacesN/A

PoolN/A

SpaNone

Features & Amenities

Interior FeaturesN/A

Exterior FeaturesN/A

FlooringLaminate

CoolingCentral Air

HeatingCentral

FireplaceNone

LaundryOutside

Parking FeaturesDoor Multi, Driveway, Garage

Parking Total0

Patio & PorchN/A

Entry LevelN/A

Entry LocationN/A

Common WallsNo Common Walls

Property Features

Lot Size0.17 ac

Lot FeaturesN/A

ViewNone

DirectionsSouth of Beverly Blvd, North of 3rd St, East of Normandie Ave, West of Vermont Ave

Community

AreaC17 - Mid-Wilshire

School DistrictN/A

Tax & Financial

TermsN/A

Land LeaseN/A

HOA NameN/A

HOA FeeN/A

Request a Tour

Mortgage Estimate

$6,919/mo

20% down · 7% APR · 30-yr fixed

Purchase PriceDown Payment: 20%Interest Rate: 7%

Estimate only. Does not include taxes, insurance, or HOA.

Last updated: October 21, 2026 at 4:00 PM

The multiple listing data appearing on this website is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. All listing data, including but not limited to square footage and lot size, is believed to be accurate but is not guaranteed by the listing Agent, listing Broker, or CRMLS. Buyers are responsible for verifying the accuracy of all information and should independently investigate the data or retain appropriate professionals prior to making any decisions. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information herein may or may not have been the Listing and/or Selling Agent. Properties may or may not be listed by the office/agent presenting the information. The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.