Listing Agent: Sang Ur Broker/Office: Redfin Corporation
148 Normandie Avenue S Los Angeles CA 90004
$ 1,750,000
7
| 6
| 3559 Sq Feet
Listing ID
#PF26151135
Status
Active
Property Type
Quadruplex
County
Los Angeles
Year Built
1942
Days on website
2
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
Financial Information
List Price:
$ 1750000
Property Features
Community Features:
Sidewalks
High School District:
Los Angeles Unified
Levels:
Two
Parking Features:
Garage
Senior Community YN:
false
Structure Type:
Quadruplex
Water Source:
Public
High School District:
Los Angeles Unified
Senior Community YN:
false
MLS Area Major:
C17 - Mid-Wilshire
City:
Los Angeles
Listed By:
Sang Ur
Redfin Corporation
Co-listed by Anita Richards
CA Lic#
Co-listed by Anita Richards
CA Lic#