826 S Normandie Av Los Angeles, CA 90005

$2,665,000
Los Angeles, CA   90005
0 Beds, 0.0 Baths, 0 sq ft, 6,751 sq ft lot, Built in 0
826 S Normandie Av, Los Angeles, CA 90005 Photo 0
0 Beds,
0.0 Baths,
0 sq ft,
6,751 sq ft lot
Built in 0

Description

MLS# 19494326

There are very few opportunities such as these where 3 adjacent lots come up for sale in one of the highest density zones in the City of Los Angeles. The combined lot size measures at over 20K SQFT. This property is zoned LAR4-2 and is also located within the TOC plan. The base density allows for a 6:1 FAR by right, with the option to obtain bonuses from the Tier 3 TOC status. For those that don't know, Normandie Ave is not a main st or blvd, making it ideal for new multifamily development on a quiet Street. Located a stones throw away from 8th Street, a major artery through Koreatown, this opportunity is within walking distance of all the major restaurants, entertainment, shopping, and nightlife that Koreatown has to offer. The location boasts an impressive Walk Score of 93/100! There are 3 existing multifamily structures currently onsite, with a total of 12 occupied units. Property is currently a 4-plex. Also for sale: 832 & 836 Normandie on MLS Listed by Arin Gharibian, Keller Williams Hollywood Hill.

Description

MLS# 19494326

There are very few opportunities such as these where 3 adjacent lots come up for sale in one of the highest density zones in the City of Los Angeles. The combined lot size measures at over 20K SQFT. This property is zoned LAR4-2 and is also located within the TOC plan. The base density allows for a 6:1 FAR by right, with the option to obtain bonuses from the Tier 3 TOC status. For those that don't know, Normandie Ave is not a main st or blvd, making it ideal for new multifamily development on a quiet Street. Located a stones throw away from 8th Street, a major artery through Koreatown, this opportunity is within walking distance of all the major restaurants, entertainment, shopping, and nightlife that Koreatown has to offer. The location boasts an impressive Walk Score of 93/100! There are 3 existing multifamily structures currently onsite, with a total of 12 occupied units. Property is currently a 4-plex. Also for sale: 832 & 836 Normandie on MLS Listed by Arin Gharibian, Keller Williams Hollywood Hill.

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  • Headshot
    Mike Misquez, MBA

    NMLS# 1662824

    Direct: (909) 251-2560
    Email: mike@colonialres.com

Area
AREA: C17 - Mid-Wilshire
COUNTY: LA
Building Info
VIEW: See Remarks
Community
HOA DUES 1: 0.00
Land
ZONE: LAR4-2 TIER 3 TOC
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