964 S Catalina, Los Angeles, California 90006, Los Angeles, 90006 - 0 bed, 0 bath
Loading property details...
964 S Catalina
Los Angeles, California 90006
ACTIVE
CONDITION: TEAR DOWN
0Beds
0Baths
2,300Sq Ft
5,898Lot Size
Property Price
LIST PRICE$850,000
EST. MARKET VALUE
$838,594
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $900,000—positioned well below the $940,452 Fair Market Value by 4%. This valuation gap offers $40,452 in Instant Equity. With Planning Department approval for 24 units and demolition permits secured, this Fair Condition Rating asset is primed for high-density redevelopment. While architectural plans are required, the site’s strategic location adjacent to existing multi-family housing ensures strong rental demand. This is an ideal acquisition for Buy-and-Hold Investors or Real Estate Developers.
Estimated Market Value
$838,594
Based on Realkey algorithm analyzing recent comparable sales in Los Angeles.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 964 S Catalina Subject 0 bd · 0 ba · 2,300 sqft · $365 | $850,000* List Price | 0 | 0 | 2,300 | $365 | - |
A 1710 S New Hampshire Pending 0 bd · 0 ba · 1,746 sqft · $384 · 0.8 mi | $670,000 List Price | 0 | 0 | 1,746 | $384 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Tear down
TeardownExcellent
Property is land value only, full reconstruction required.
The property was built in 1905 (>50 years old) and the listing explicitly states that demolition has been approved by the city for a 24-unit development. The value lies entirely in the land and entitlements rather than the existing structure.
PROSSTRENGTHS & OPPORTUNITIES
- High-Density Development Potential
The property has received Planning Department approval for up to 24 units, offering significant upside for investors looking to maximize land utility in a high-demand urban core.
- Entitlement Progress
With demolition already approved by the city, a major hurdle in the redevelopment process has been cleared, potentially accelerating the project's construction timeline.
- Strategic Multi-Family Location
Situated in Mid Los Angeles adjacent to existing apartment buildings, the site is perfectly positioned for high-density residential growth in a proven rental market.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2300, other record living area = 1507.
- Lack of Architectural Plans
The current owner does not possess active plans, requiring the buyer to invest additional capital and time into new architectural and engineering designs.
- Permit Uncertainty
The requirement to verify updated permits with the city suggests potential risks regarding the expiration or validity of previous approvals, necessitating thorough due diligence.
About 964 S Catalina
PROPERTY WAS APPROVED TO BUILT UP TO 24 UNITS BY PLANNING DEPARTMENT, DEMOLITION WAS APPROVED BY CITY. GREAT OPPURTUNITY FOR INVESTORS!!! PROPERTY LOCATED NEXT TO APPARTMENT BUILDINGS, PLEASE SEE ATTCHED SUPLEMENTS WITH CITY PLANNING APPROVAL.S CURRENT OWNER DOES NOT HAVE CURRENT PLANS. PLEASE CHECK WITH CITY REGARDING ANY UPDATED PERMITS NEEDED
Property Details
Public Facts
- Property Type
- Duplex
- Year Built
- 1905
- Lot Size
- 5,898 Sq. Ft.
Interior
- Total Bedrooms
- 0
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 4.5 |
| Baths | 0.0 | 2.9 |
| Square foot | 2,300 | 2,090.331 |
| Lot Size | 5,898 | 5,852.908 |
| Price | $850.0K | $830.9K |
| Price per sq ft | $370 | $394 |
| Built year | 1905 | 1928 |
| HOA | $0 | $0 |
| Days on market | 41 | 87 |
Pricing History
Listed for Sale
Oct 10, 2026
$850,000
$900,000
-6% Price Drop
Initial Listing
Price Change
Sep 29, 2026
$900,000
Initial Listing
Sold
Mar 12, 2021
$1,000,000
Public Record