148 S Normandie Avenue, Los Angeles, CA 90004
$1,750,000
Est. payment /mo
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7 Beds
6 Baths
3,559 SqFt
New

148 S Normandie Avenue Los Angeles, CA 90004

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Miles Brannan

Miles Brannan

+1(619) 332-7840

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Key Details

Property Type Single Family Home

Sub Type All Other Attached

Listing Status Active

Purchase Type For Sale

Square Footage 3,559 sqft

Price per Sqft $491

MLS Listing ID PF26151135

Bedrooms 7

Full Baths 6

Year Built 1942

Lot Size 5,944 Sqft

Property Sub-Type All Other Attached

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

Direction On Normandie Ave, north of 3rd St and South of Beverly Blvd

Interior

Cooling Other/Remarks

Fireplaces Type Other/Remarks

Fireplace No

Exterior

Parking Features Garage

Garage Spaces 4.0

View Y/N Yes

Water Access Desc Public

Total Parking Spaces 4

Building

Story 2

Sewer Public Sewer

Water Public

Level or Stories 2

Others

Senior Community No

Tax ID 5518006007

Acceptable Financing Cash, Conventional, Submit

Listing Terms Cash, Conventional, Submit

Special Listing Condition Standard

MLS Router / San Diego MLS
Listed by Sang Ur, DRE#01474940 Redfin Corporation 

NEARBY SCHOOL & BUSINESS

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Miles Brannan

Miles Brannan

Agent | License ID: 02033015

+1(619) 332-7840

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148 S Normandie Avenue