4
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$2,800,000
Est. payment /mo
9,003 Sqft Lot
Active
240 S Normandie AVE Los Angeles, CA 90004
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UPDATED:
12/05/2024 02:31 AM
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID OC24086104
HOA Y/N No
Lot Size 9,003 Sqft
Property 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!
Location
State CA
County Los Angeles
Area Krea - Koreatown
Zoning LAR4
Interior
Fireplace No
Exterior
Community Features Street Lights, Sidewalks
Utilities Available Electricity Connected, Sewer Connected, Water Connected
View Y/N Yes
View City Lights, Neighborhood
Building
Lot Description Front Yard, Garden, Rectangular Lot
Water Public
New Construction No
Others
Senior Community No
Tax ID 5518007013
Acceptable Financing Cash, Cash to Existing Loan, Cash to New Loan, Conventional, Submit
Listing Terms Cash, Cash to Existing Loan, Cash to New Loan, Conventional, Submit
Special Listing Condition Standard
Listed by E. Jaz Pinca • EJP & Associates • 949-373-5529
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