148 S Normandie AVE, Los Angeles, CA 90004
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148 S Normandie AVE, Los Angeles, CA 90004
148 S Normandie AVE, Los Angeles, CA 90004
148 S Normandie AVE, Los Angeles, CA 90004
148 S Normandie AVE, Los Angeles, CA 90004
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Ethan Tran

Ethan Tran

+1(626) 862-6119
$ 1,750,000
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148 S Normandie AVE Los Angeles, CA 90004

5,945 Sqft Lot

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

MLS Listing ID PF26141841

HOA Y/N No

Year Built 1942

Lot Size 5,945 Sqft

Property Sub-Type Duplex

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 See Remarks

Cooling See Remarks

Fireplaces Type See Remarks

Fireplace Yes

Laundry See Remarks

Exterior

Parking Features Garage

Garage Spaces 4.0

Garage Description 4.0

Fence See Remarks

Pool None

Community Features Street Lights, Sidewalks

Utilities Available Electricity Available, Natural Gas Connected, Sewer Connected, See Remarks, Water Connected

View Y/N No

View None

Roof Type Tile

Total Parking Spaces 4

Private Pool No

Building

Lot Description 2-5 Units/Acre

Story 2

Entry Level Two

Foundation See Remarks

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 5518006007

Energy Description 1.0

Acceptable Financing Cash, Conventional, Submit

Listing Terms Cash, Conventional, Submit

Special Listing Condition Standard

CRMLS Full IDX Feed (MAIN Website Search)
Listed by Sang Ur Redfin Corporation #01474940
Ethan Tran

Ethan Tran

Agent | License ID: 1522444

+1(626) 862-6119

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