240 S Normandie Avenue, Los Angeles, CA 90004

  • $2,800,000
  • $311
240 S Normandie Avenue, Los Angeles, CA 90004
  • Land
  • Property Type
For Sale
240 S Normandie Avenue, Los Angeles, CA 90004
  • $2,800,000
  • $311

Overview

Property ID: SGR-31110134
  • Land
  • Property Type

Description

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!

  • Address 240 S Normandie Avenue
  • City Los Angeles
  • State/county CA
  • Zip/Postal Code 90004
  • Area KREA - Koreatown
  • Country United States

Details

Updated on April 30, 2024 at 11:33 pm
  • Property ID: SGR-31110134
  • Price: $2,800,000
  • Land Area: 9004.00 m²
  • Property Type: Land
  • Property Status: For Sale
  • MLS#: OC24086104
  • Office Name: EJP & ASSOCIATES
  • Agent Name: E. Jaz Pinca
  • MLS Status: Active
  • Agent State License: 01832110
  • IDX Contact Info: 949-373-5529

Additional details

  • View: City Lights,Neighborhood
  • County: Los Angeles
  • Water Source: Public

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