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 Details
Price:
$2,800,000
MLS #:
OC24086104
Status:
Active
Baths:
0
Address:
240 S Normandie Avenue 5518007013
Type:
Land
Neighborhood:
kreakoreatown
City:
Los Angeles
Listed Date:
Apr 29, 2024
State:
CA
ZIP:
90004
Lot Size:
9,004 sqft / 0.21 acres (approx)
See this Listing
Mortgage Calculator
Schools
Interior
Exterior
Community Features
Sidewalks, Street Lights
Lot Features
Front Yard, Garden, Lot 6500-9999, Rectangular Lot
View
City Lights, Neighborhood
Water Source
Public
Financial
Association Fee
0.00
Utilities
Electricity Connected, Sewer Connected, Water Connected
Map
Community
- Address240 S Normandie Avenue 5518007013 Los Angeles CA
- AreaKREA – Koreatown
- CityLos Angeles
- CountyLos Angeles
- Zip Code90004
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Courtesy of EJP & Associates. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than include the name of the listing broker. Neither the listing company nor shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. California Regional Multiple Listing Service. All rights reserved.240 S Normandie Avenue 5518007013
Los Angeles, CA
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