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
AVG $1.85M
$1.33M
Visits
AVG 39
51
Year Built
AVG 1932
1922

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