148 S Normandie Avenue, Los Angeles, CA 90004
- $1,750,000
- 7
- BD
- 6
- BA
- 3,559
- SqFt
List Agent Sang Ur () 2139256391 Redfin Corporation; CoList ()
- List Price
- $1,750,000
- Status
- ACTIVE
- MLS#
- PF26151135
- Year Built
- 1942
- Bedrooms
- 7
- Bathrooms
- 6
- Living Sq. Ft
- 3,559
- Lot Size
- 5,944
- Lot Location
- 2-5 Units/Acre
- Days on Market
- 19
- Property Type
- Multifamily
- Property Sub Type
- Quadruplex
- Stories
- Two Levels
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!
Additional Information
- Pool Description
- None
- Fireplace Description
- See Remarks
- Cooling
- Yes
- Cooling Description
- See Remarks
- View
- None
- Garage Spaces Total
- 4
- Sewer
- Public Sewer
- Water
- Public
- School District
- Los Angeles Unified
Mortgage Calculator
Based on information from CRISNet MLS as of . All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.