1228 S Catalina Street, Los Angeles, CA 90006
Local realty services provided by:CENTURY 21 Sierra Properties
1228 S Catalina Street,Los Angeles, CA 90006
$1,091,000
- 4 Beds
- - Baths
- 2,352 sq. ft.
- Multi-family
- Active
Listed by: arthur yoon
Office: redpoint realty
MLS#:CL26810135
Source:Bay East, CCAR, bridgeMLS
Price summary
- Price:$1,091,000
- Price per sq. ft.:$463.86
About this home
1228-1230 S Catalina Street presents a rare LAR3 multifamily investment which owner can occupy and redevelopment opportunity in the heart of Koreatown, one of Los Angeles' most supply-constrained and transit-oriented rental submarkets. The property sits on an approximately 0.135 AC lot and is currently improved with a well-maintained duplex, each approximately 1,200 SF with 2 bedrooms and 2 bathrooms; one of the bathroom is not permitted, offering immediate in-place income from one unit and long-term redevelopment flexibility. One unit will be delivered vacant. Originally constructed in 1910, the property retains desirable period character, including original Art Deco fireplaces and Craftsman cabinetry, while benefiting from meaningful capital improvements such as updated electrical systems, copper plumbing, and energy-efficient tankless water heaters. Kitchens have been upgraded with ceramic tile flooring and granite countertops, positioning the asset well for continued rental performance during a hold period. The site is significantly underutilized relative to its LAR3 zoning, creating clear upside for a future multifamily redevelopment. R3 zoning allows for higher residential density, with additional potential to increase unit count through State Density Bonus, SB 423 streamlining, and TOC, Tier 3 incentives; subject to buyer verification. The property's proximity to major transit corridors, employment centers, and neighborhood amenities further supports higher-density residential development and long-term rent growth. A shared landscaped yard with mature trees enhances livability and tenant appeal, while the central location near Koreatown, public transportation, dining, and retail supports sustained demand. The property is well suited for developers, value-add investors, or 1031 exchange buyers seeking a covered land play with multiple exit strategies, including hold, reposition, or ground-up redevelopment. Offered as-is. Buyer to independently verify zoning, density, development incentives, and feasibility....
Contact an agent
Home facts
- Year built:1910
- Listing ID #:CL26810135
- Added:48 day(s) ago
- Updated:June 15, 2026 at 02:29 PM
Rooms and interior
- Bedrooms:4
- Living area:2,352 sq. ft.
Heating and cooling
- Cooling:Wall/Window Unit(s)
- Heating:Floor Furnace
Structure and exterior
- Year built:1910
- Building area:2,352 sq. ft.
- Lot area:0.14 Acres
Finances and disclosures
- Price:$1,091,000
- Price per sq. ft.:$463.86
Features and amenities
- Laundry features:Dryer, Washer
Parking
- Parking description:Private, Uncovered Parking Space
New listings near 1228 S Catalina Street
- Coming Soon
$1,645,000Coming Soon4 beds 5 baths18759 Fairfield Road, Porter Ranch, CA 91326
MLS# SR26128947Listed by: JOHNHART REAL ESTATE - New
$32,800,000Active5 beds 9 baths13,400 sq. ft.1357 Laurel Way, Beverly Hills, CA 90210
MLS# 26846365Listed by: THE AGENCY - New
$1,350,000Active8 beds 4 baths5,986 sq. ft.2156 City View Avenue, Los Angeles, CA 90033
MLS# 26847373Listed by: THE COLLECTIVE REALTY - New
$1,395,000Active3 beds 3 baths1,571 sq. ft.3622 Veteran Avenue, Los Angeles, CA 90034
MLS# 26847775Listed by: COMPASS - New
$564,999Active3 beds 3 baths1,620 sq. ft.12368 Osborne Street #1, Pacoima, CA 91331
MLS# 26847779Listed by: ESTATEX INC. - New
$499,000Active1 beds 1 baths600 sq. ft.10501 Wilshire Boulevard #1012, Los Angeles, CA 90024
MLS# 26847809Listed by: CHRISTIE'S INTERNATIONAL REAL ESTATE SOCAL - New
$1,575,000Active4 beds 4 baths2,503 sq. ft.3032 Johnston Street, Los Angeles, CA 90031
MLS# GD26130138Listed by: LAS CASAS REALTY, INC. - New
$1,499,900Active3 beds 2 baths1,169 sq. ft.2481 S Westgate Avenue, Los Angeles, CA 90064
MLS# IV26128423Listed by: ELEVATE REAL ESTATE AGENCY - New
$625,000Active2 beds 1 baths672 sq. ft.1250 1/2 W 87th, Los Angeles, CA 90044
MLS# IV26129554Listed by: SOLR REALTY - New
$848,000Active3 beds 2 baths1,472 sq. ft.3650 7th Avenue, Los Angeles, CA 90018
MLS# PW26128989Listed by: JOHNHART REAL ESTATE