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    1146 S Normandie Avenue

    Los Angeles, CA 90006
    • $1,325,000
    • STATUS: ACTIVE
    • ON SITE: 83 days
    • ID#: 302953572
    UPDATED: 29 min ago
    $1,325,000
    • 1
      BEDS
    • 0.14
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1922
    County:

    School Ratings & Info

    Description

    DEVELOPMENT OPPORTUNITY: Build a 15 unit multi-family with the possibility to build up to 24 units (buyer to verify) for sale in the highly sought after area of Koreatown. Located in the high demand rental area with new developments coming quickly and transportation close by. Existing 5,906 square foot lot Zoned R4 with the opportunity to utilize the Tier 2 Transit Oriented Community (TOC) incentive which allows the bonus density to build 15 units. With these TOC construction benefits it presents a great DEVELOPMENT OPPORTUNITY: Build a 15 unit multi-family with the possibility to build up to 24 units (buyer to verify) for sale in the highly sought after area of Koreatown. Located in the high demand rental area with new developments coming quickly and transportation close by. Existing 5,906 square foot lot Zoned R4 with the opportunity to utilize the Tier 2 Transit Oriented Community (TOC) incentive which allows the bonus density to build 15 units. With these TOC construction benefits it presents a great opportunity for a builder or investor. The current structure on the lot consists of three 1 bedroom 1 bath units with a $2,469 monthly income. Current development two doors north of subject is combined approx. 3 lots. Grading is in process. See images.

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    This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2021 San Diego MLS, Inc. Licensed in the state of California.
    www.lajollaagent.com/homes/111394128
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    1146 S Normandie Avenue Los Angeles, CA 90006

    • Price: $1,325,000
    • Status: ACTIVE
    • Updated: 29 min ago
    • ID#: 302953572
    1
    Beds
    0
    Baths
    0
    ½ Baths
    0.14
    Acres
    1922
    Built
    Neighborhood:
    Los Angeles (90006)
    County:
    Los Angeles
    Area:
    Los Angeles (90006)
    Property Description
    DEVELOPMENT OPPORTUNITY: Build a 15 unit multi-family with the possibility to build up to 24 units (buyer to verify) for sale in the highly sought after area of Koreatown. Located in the high demand rental area with new developments coming quickly and transportation close by. Existing 5,906 square foot lot Zoned R4 with the opportunity to utilize the Tier 2 Transit Oriented Community (TOC) incentive which allows the bonus density to build 15 units. With these TOC construction benefits it presents a great DEVELOPMENT OPPORTUNITY: Build a 15 unit multi-family with the possibility to build up to 24 units (buyer to verify) for sale in the highly sought after area of Koreatown. Located in the high demand rental area with new developments coming quickly and transportation close by. Existing 5,906 square foot lot Zoned R4 with the opportunity to utilize the Tier 2 Transit Oriented Community (TOC) incentive which allows the bonus density to build 15 units. With these TOC construction benefits it presents a great opportunity for a builder or investor. The current structure on the lot consists of three 1 bedroom 1 bath units with a $2,469 monthly income. Current development two doors north of subject is combined approx. 3 lots. Grading is in process. See images.
    Exterior Features

    Exterior Stucco Pool N/K Site CurbsSidewalks

    Interior Features

    Cooling N/K Stories 1 Story Total Baths Unit1 1

    Property Features

    Annual Expense Actual 0 Buildings 1 Gross Scheduled Income Actual 29628 Home Owners Fees 0.0 Possession Close Of Escrow Terms Cash Unit Number For Unit1 1 Unit1 Rent Actual 2469.0 Water Meter On Property Zoning Lar4

    Listing provided courtesy of Re/Max Property Connection. Listing information © 2021 San Diego MLS Inc. Source: CRMLS
    This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2021 San Diego MLS, Inc. Licensed in the state of California.
     
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    La Jolla CA, 92037