$1,750,000
Est. payment /mo
7 Beds
6 Baths
5,944 Sqft Lot
New
148 S Normandie Avenue Los Angeles, CA 90004
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Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID PF26141841
Bedrooms 7
Lot Size 5,944 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
Prime Koreatown Covered Land Play & Value-Add Opportunity! This exceptional site features high-density LAR4 zoning with a TOC Tier 2 designation, unlocking massive density bonuses, increased FAR, and reduced parking requirements for a future luxury residential complex. Positioned within an official Qualified Opportunity Zone (QOZ), the property offers incoming investors substantial tax incentives and capital gains deferrals. Located in the highly desirable Wilshire Center/Koreatown submarket (90004), 148 S Normandie Ave is situated on a prime 5,944 sq. ft. corner lot, perfectly pairing stable immediate cash flow with massive development upside. Operational flexibility with the current tenants are on Month-to-Month leases, delivering a frictionless path for a developer looking to break ground or a value-add buyer looking to immediately capture true market-rate stabilization. Owner overhead is kept low, as all units are individually metered for electricity and gas, strictly limiting utility exposure. Do not miss this secure, low-overhead wealth preservation vehicle in one of Los Angeles' most supply-constrained rental markets!
Location
State CA
County Los Angeles
Zoning Public Rec
Direction On Normandie Ave, north of 3rd St and South of Beverly Blvd
Interior
Heating Other/Remarks
Cooling Other/Remarks
Fireplace No
Exterior
Fence Other/Remarks
View Y/N No
Roof Type Tile/Clay
Building
Story 2
Level or Stories 2
Others
Senior Community No
Tax ID 5518006007
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Listed by Sang Ur, DRE#01474940 Redfin Corporation
NEARBY SCHOOL & BUSINESS
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