165 S Catalina St, Los Angeles, CA 90004

$1,565,000
List Price
$1,565,000
Price Change
▼ $30,000 1600131157
MLS#
20-607668
Lot Size
8,309
Days on Market
48
Property Type
Land

Property Description

PRICE REDUCTION!! Now the cheapest price per sq ft and cheapest per MAXIMUM buildable unit utilizing TOC III R3 zoning. Developer has the right to build 10 units BY right or 19 with TOC Density Bonus. This is the largest lot for sale with this zoning in the immediate area and now for the lowest price!! Developer can choose to build ten (10) large 3-story townhome style small lot subdivision Single Family Residences. Average comps for similar product is $975,000 of multi-level with parking on bottom and sometimes rooftop patio. Developer also has the opportunity to build 19 units with TOC(decent sized 800SF+). Koreatown is an exceptionally strong market due to its economic activity in the region through employment, with less than a 15 minute commute to Downtown Los Angeles, Silverlake, Echo Park, Hollywood & more. Not to mention the PHENOMENAL amenities this part of town has to offer including world-renowned restaurants, bars, nightlife, and retail shopping.

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Courtesy of , Alex Shin - CA DRE#

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