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Listed by Sang Ur, DRE #01474940 • Redfin Corporation
$ 1,750,000
Est. payment /mo
New
148 S Normandie AVE Los Angeles, CA 90004
5,944 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRPF26141841
Year Built 1942
Lot Size 5,944 Sqft
Property Sub-Type Fourplex
Source California Regional MLS
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
Area C17 - Mid-Wilshire
Interior
Heating Other
Cooling Other
Exterior
Parking Features Garage
Garage Spaces 4.0
Pool 31, None
View None
Roof Type Tile
Building
Foundation Other
Water District - Public
Others
Tax ID 5518006007
Special Listing Condition Not Applicable
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