Address
1146 S Normandie Avenue Los Angeles, CA
Price
$ 1,325,000
Property Attributes
- MLS#PW20226680
- TypeIncome
- CountyLOS ANGELES
- CityLos Angeles
- AreaMid-Wilshire
- Zip90006
- Style
- Price$ 1,325,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage2154
- Lot Size5,907 SqFt
Listing Provided Courtesy Of:
Michael Lembeck with Re/Max Property Connection.
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 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.
| Price History | |
|---|---|
| 10/27/2020 | Listed $1,325,000 |
General Features
| Attached Structure | Attached |
|---|---|
| Community Features | Biking, Curbs, Golf, Gutters, Park, Sidewalks, Street Lights, Suburban |
| Construction Materials | Stucco |
| Cooling | None |
| Directions | 12th and Normandie |
| Garage Spaces | 0.00 |
| HOA Fee | 0.00 |
| Levels | One |
| Listagentaor | Pacific West |
| Listing Agent | Michael Lembeck - BRE#01019397 |
| Listing Agent State License | 01019397 |
| MLS Area | C17 - Mid-Wilshire |
| Pool Features | None |
| Price Per Square Foot | 615.13 |
| Property Attached Y/N | Yes |
| Sewer | Public Sewer |
| Source System | CRMLS |
| Special Listing Conditions | Standard |
| Total Units | 3 |
| Utilities | Electricity Connected, Phone Available, Sewer Connected, Water Connected |
| Zoning | LAR4 |
Interior Features
| 1st Bedroom Area Unit Type | Square Feet |
|---|---|
| 2nd Bedroom Area Unit Type | Square Feet |
| 3rd Bedroom Area Unit Type | Square Feet |
| Common Walls | 1 Common Wall |
| Fireplace Features | None |
| Laundry Features | None |
| Studio Area Unit Type | Square Feet |
Exterior Features
| Building Area Total | 2154.00 |
|---|---|
| Foundation Details | Slab |
| Lot Features | 0-1 Unit/Acre |
| Lot Size Acres | 0.1356 |
| Lot Size Area | 5906.0000 |
| Lot Size Source | Assessor |
| Lot Size Square Feet | 5906.00 |
| Lot Size Units | Square Feet |
| Number of Buildings | 1 |
| Number of Separate Electric Meters | 3 |
| Number of Separate Gas Meters | 3 |
| Number of Separate Water Meters | 1 |
| Total Parking | 0.00 |
| Water Source | Public |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Master On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Zip Code Average in 90006
Price
Visits
Year Built
Based on information from California Regional Multiple Listing Service, Inc. as of January 25, 2021 9:04 PM UTC This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
