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240 Normandie Avenue
Los Angeles, CA 90004
Presented for sale is a centrally located prime R4-1 lot for development in Los Angeles. Property is "ED-1 eligible site" which offers affordable housing developers amazing incentives such as unlimited density & height increase bonus, zero parking requirements, 100% increase of base FAR ratio, streamlined and faster ministerial approval process and many more. This lot boasts central location minutes to Hollywood, Silver Lake, Downtown LA or Korea Town with a WalkScore of 92/100 - walker's paradise. The neighborhood has a lot of nearby conveniences, stores and restaurants. It is close to public transportation and major freeway access. Property is also located inside the Opportunity Zone, which can give major tax incentives to the right developer. Current structure is a 3-unit building which will be delivered vacant. No eviction, relocation assistance or SB8 replacement of protected units/tenants necessary. This is not to be missed! Contact listing agent today!
PROPERTY INFORMATION
| MLS # | OC24086104 | Lot Size | 9,004 Sq. Ft. |
| HOA Fees | $0/Monthly | Property Type | N/A |
| Price | $ 2,800,000
Price Per SqFt: $ 311 |
DOM | 369 Days |
| Address | 240 Normandie Avenue | Type | Land |
| City | Los Angeles | Sq.Ft. | 9,004 Sq. Ft. |
| Postal Code | 90004 | Garage | N/A |
| County | Los Angeles | Year Built | |
| Bed / Bath | 0 / 0 | Parking | N/A |
| Built In | Status | Active | |
INTERIOR FEATURES
EXTERIOR FEATURES
WALKSCORE
Walk Score: 92 (Walker's Paradise)
Transit Score: 77 (Excellent Transit)MAP
MORTGAGE CALCULATOR
- Principal & Interest:
- Property Tax: $2,987
- Home Insurance:$119
- HOA Fees:$0
- Mortgage Insurance:
PRICE HISTORY
| Date | Event | Price |
| 04/30/2024 | Listed | $2,800,000 |
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(844)-333-8033
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Listing provided courtesy of E. Jaz Pinca, EJP & Associates. Based on information from California Regional Multiple Listing Service, Inc. as of #Date#. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
