Shovel-Ready 46-Unit RTI Development in Prime Koreatown: Incredible opportunity to develop a fully RTI-approved 46-unit 100% affordable housing project in the heart of Koreatown—one of the most dynamic and densely populated rental markets in Los Angeles. The 9,024 SF R3-zoned lot is approved for for 2 two-bedroom, 36 one-bedroom units and 8 studios,, totaling approx. 15,703 SF of rentable space and 20,510 SF of gross building area. Projected monthly rental income is approx. $109,072, based on current HACLA Section 8 rents—offering immediate and reliable long-term cash flow with significant upside. Located in the vibrant 90004 ZIP code, this transit-rich neighborhood is surrounded by major employment hubs (Downtown LA, Hollywood, Wilshire Center), Metro stations, and an endless mix of restaurants, shopping, and services. High walkability, strong tenant demand, and limited affordable housing supply make this a premier opportunity for developers and investors looking to secure a strong return in one of LA’s hottest submarkets.
Listed by Rana Khanjani
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License #02021891
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Sync Brokerage
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818-723-9071
Last updated November 03, 2025
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Source: CRMLS #SR25093860
Listing Facts
TypeMulti-family
NeighborhoodWilshire Center - Koreatown
Days on Prevu204
Amenities
Air Conditioning
Parking
Location
Mortgage Calculator
Listing History
11/03/2025
Price Decreased
$1,990,000
10/28/2025
Status changed to Active
$2,200,000
10/22/2025
Status changed to Removed from Feed
$2,200,000
10/17/2025
Status changed to Active
$2,200,000
10/16/2025
Status changed to Removed from Feed
$2,200,000
10/04/2025
Status changed to Active
$2,200,000
10/03/2025
Status changed to Removed from Feed
$2,200,000
09/20/2025
Status changed to Active
$2,200,000
09/19/2025
Status changed to Removed from Feed
$2,200,000
09/18/2025
Status changed to Active
$2,200,000
09/16/2025
Status changed to Removed from Feed
$2,200,000
09/16/2025
Status changed to Active
$2,200,000
09/14/2025
Status changed to Removed from Feed
$2,200,000
09/12/2025
Status changed to Active
$2,200,000
09/05/2025
Status changed to Removed from Feed
$2,200,000
09/05/2025
Status changed to Active
$2,200,000
09/03/2025
Status changed to Removed from Feed
$2,200,000
09/01/2025
Status changed to Active
$2,200,000
08/28/2025
Status changed to Removed from Feed
$2,200,000
07/30/2025
Price Decreased
$2,200,000
07/24/2025
Status changed to Active
$2,300,000
07/23/2025
Status changed to Removed from Feed
$2,300,000
06/28/2025
Status changed to Active
$2,300,000
06/27/2025
Status changed to Removed from Feed
$2,300,000
04/29/2025
Listed by Sync Brokerage
$2,300,000
Property Details for 144 S Catalina Street
Association
Amenities
Community Features: Curbs
Exterior
Construction
Number Of Units Total: 46
Property Attached: Yes
Stories Total: 4
Year Built: 1921
Common Walls: 2+ Common Walls
Entry Level: 1
Entry Location: 1
Measurements
Building Area Total: 20,510
Building Area Units: Square Feet
Lot Features: Value In Land
Lot Size Acres: 0.20
Lot Size Area: 9,024
Lot Size Source: See Remarks
Lot Size Square Feet: 9,024
Lot Size Units: Square Feet
Financial
Taxes
Parcel Number: 5518023004
Other
Location
Tax Lot: 15
Utilities
Equipment
Cooling: Central Air
Has Cooling: Yes
Laundry Features: See Remarks
Sewer: Public Sewer
Water Source: Public
Based on information from California Regional Multiple Listing Service, Inc. 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 Prevu or the MLS. Information is provided exclusively for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing.
Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.