• 240 S Normandie Avenue Los Angeles, CA 90004

  • $2,800,000
  • 0
    Sq Ft
  • 9004
    Sqft
  • Listed By: E. Jaz Pinca, EJP & Associates, DRE #01832110
  • Source: CRMLS

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 Type :

Land

County :

Los Angeles

Style :

Land

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Property Details

 

Lot Details

Lot Dimensions Source: Vendor Enhanced

Lot Size Acres: 0.2067

Lot Size Source: Assessor

Lot Size Square Feet: 9004

Listing Price Information

Original List Price: 2,800,000

Listing Contract Date: 2024-04-29

Lease Information

Listing Agreement: Exclusive Right To Sell

Tax Information

Parcel Number: 5518007013

Garage and Parking

Homeowners Association

Rental Info

Lease Term: Negotiable

Other Property Info

Source Listing Status: Active

Source Neighborhood: KREA - Koreatown

Postal Code Plus 4: 5306

Directions: From the 101 Hwy exit to Silver Lake Blvd and head west, Silver Lake Blvd will turn to Beverly Blvd then turn left to Normandie Ave, property is on the left-hand side before W 3rd St.

Zoning: LAR4

Source Property Type: Land

Area: KREA - Koreatown

Building and Construction

Year Built Source: Vendor Enhanced

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ByOwner last updated this listing 05/23/2024 @ 02:15

MLS: OC24086104
LISTED BY: E. Jaz Pinca, EJP & Associates
SOURCE: CRMLS
Buyer Agency Compensation: 2%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.

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