Koreatown RTI Development
For Sale
$2,200,000
144 Catalina Street, Los Angeles, CA 90004
Shovel-ready 46-unit affordable housing project in prime Koreatown location.
Property SizeContact for details
Days on Market494
Property Features for 144 Catalina Street
General Information
Standard status
Active
Building Details
Year Built
1921
Listing Agency:
SYNC BROKERAGE
Listed By:
RANA KHANJANI
Source:
Corcoran
Added: May 10, 2025
Changed: Mar 16
Last Checked: Aug 25 at 5:09AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SYNC BROKERAGE
Investment Insights
Based on property information with market context.
This is an opportunity to develop a fully RTI-approved 46-unit 100% affordable housing project in Koreatown. The 9,024 square foot lot, zoned R3, is approved for 2 two-bedroom units, 36 one-bedroom units, and 8 studios, totaling approximately 15,703 square feet of rentable space and 20,510 square feet of gross building area. The projected monthly rental income is approximately $109,072, based on current HACLA Section 8 rents. The property is located in the 90004 ZIP code, a transit-rich neighborhood near Downtown LA, Hollywood, and Wilshire Center. The area features high walkability and strong tenant demand, with access to restaurants, shopping, and services.
Key Highlights
- Fully RTI‑approved for a 46‑unit 100% affordable housing project.
- Located in prime Koreatown, a dynamic and densely populated rental market.
- Projected monthly rental income of approximately $109,072 based on current HACLA Section 8 rents.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
3,046
Businesses Nearby
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Business Placement
Demographics for 90004, CA
58,585
Population
26,046
Households
2.2
Avg Household Size
37
Median Age
40%
College-Educated
78%
High-School Grad
3.1 sq mi
ZIP Area
18,898
Density / Sq Mi
$62,655
Median Household Income
$39,359
Median Earnings
$1,752
Median Rent
$1,457,200
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Apartment building - Shovel-ready 46-unit affordable housing project in prime Koreatown location.
Where is this apartment building located?
The property is located at 144 Catalina Street Los Angeles, CA.
What is the asking price?
The asking price for this property is $2,200,000.
What are key features of this property?
This property features: Fully RTI‑approved for a 46‑unit 100% affordable housing project.; Located in prime Koreatown, a dynamic and densely populated rental market.; Projected monthly rental income of approximately $109,072 based on current HACLA Section 8 rents.
