148 S Normandie Avenue, Los Angeles, CA, US, 90004
148 S Normandie Avenue, Los Angeles, CA, US, 90004Basics
- Date added: Added 1 month ago
- Category: Residential
- Type: Quadruplex
- Status: Active
- Bedrooms: 7
- Bathrooms: 6
- Area: 3559 sq ft
- Lot size: 5944, 5944 sq ft
- Year built: 1942
- View: None
- County: Los Angeles
- MLS ID: PF26151135
Description
-
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!
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Location
- Directions: On Normandie Ave, north of 3rd St and South of Beverly Blvd
- Lot Size Acres: 0.1365 acres
Building Details
- Structure Type: Quadruplex
- Water Source: Public
- Lot Features: TwoToFiveUnitsAcre
- Sewer: PublicSewer
- Common Walls: NoCommonWalls
- Garage Spaces: 4
- Levels: Two
Amenities & Features
- Pool Features: None
- Parking Features: Garage
- Parking Total: 4
- Cooling: SeeRemarks
- Fireplace Features: SeeRemarks
- Laundry Features: SeeRemarks
Nearby Schools
- High School District: Los Angeles Unified
Expenses, Fees & Taxes
- Association Fee: 0
Agent info
- Agent name: Sang Ur
- Agent MLS: Pf24758m
- Agent email: sang.ur@redfin.com
- Agent officephone: 310-409-2885
- Agent direct phone: 2139256391
Miscellaneous
- List Office Name: Redfin Corporation
- Listing Terms: Cash,Conventional,Submit
- Common Interest: None
- Community Features: StreetLights,Sidewalks
