1228 S Catalina Street, Los Angeles, CA 90006
Local realty services provided by:Better Homes and Gardens Real Estate Royal & Associates
1228 S Catalina Street,Los Angeles, CA 90006
$1,099,000
- 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:$1,099,000
- Price per sq. ft.:$467.26
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....
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Home facts
- Year built:1910
- Listing ID #:CL26810135
- Added:3 day(s) ago
- Updated:May 01, 2026 at 02:33 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:$1,099,000
- Price per sq. ft.:$467.26
Features and amenities
- Laundry features:Dryer, Washer
Parking
- Parking description:Private, Uncovered Parking Space
Bay East 2026. CCAR 2026 bridgeMLS 2026. Information Deemed Reliable But Not Guaranteed. This information is being provided by the Bay East MLS, or CCAR MLS, or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website. This information is intended for the personal use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated at May 1, 2026New listings near 1228 S Catalina Street
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