241 N Catalina Street, Los Angeles, California 90004, Los Angeles, 90004 - 4 bed, 2 bath
ACTIVE$1,399,000
241 N Catalina Street, Los Angeles, California 90004
4Beds
2Baths
1,733Sqft
7,420Lot
Year Built
1922
Close
-
List price
$1.4M
Original List price
$1.5M
Price/Sqft
$807
HOA
-
Days on market
-
Sold On
-
MLS number
24440487
Home ConditionFair
Features
View-
About this home
We found 2 Cons,3 Pros. Rank: price - $1.40M(26th), sqft - 1733(31th), beds - 4(56th), baths - 2(42th).
Zoned R3. Prime development area. Many surrounding properties have been developed to units. This property has been used as a care facility so, it's move-in ready or the zoning possibilities are here for any number of opportunities. Buyer to conduct his/her own investigations to determine usage. Broker does not guarantee any of the above information.
Condition Rating
Fair
The property was built in 1922 and appears to have been maintained but not recently renovated. The kitchen and bathrooms show their age with older appliances and fixtures. While functional, they are outdated. The property requires minor updates or repairs.
Pros & Cons
Pros
Development Potential: Zoned R3, offering significant development opportunities for multi-unit construction, aligning with the trend in the surrounding area.
Prime Location: Located in Los Angeles, specifically Mid-Wilshire (C17), providing access to urban amenities and transportation.
Existing Structure: Previously used as a care facility, the property is move-in ready, offering immediate usability while exploring development options.
Cons
Age of Property: Built in 1922, the property may require updates or renovations to meet modern standards and building codes.
Buyer Due Diligence Required: The listing emphasizes the buyer's responsibility to conduct thorough investigations regarding usage and zoning, potentially adding complexity and cost.