316 S Catalina St REDUCED! We are proud to present for sale a development opportunity in Prime Koreatown - in the middle of everything! This property was Ellis'd in 2018 and Demolished in 2021and the property has an issued SB8 ED1 RUD! With 7, 790 SF of R4-1 Tier 3 TOC vacant land, this property qualifies for SAFMR Tier 1! Utilize ED1 for a 65+/- Unit 5 Story Project in one of the most competitive rental markets in the country! Seller has Conceptual Plans for a project. Walking distance to pretty much all, including the Metro Subway Station waiting for the westward expansion to Westwood, or take the Subway to Hollywood, Downtown, or connect to practically anywhere in the Greater Los Angeles area! Walk to Vons, Ralphs, fine and casual dining, happening nightlife, entertainment, public transportationthis neighborhood is perfect for new construction with little to no parking!