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Development Opportunity Near Koreatown
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1228 1234 1238 Normandie Avenue, Los Angeles, CA 90006

Assemblage of three parcels totaling 0.41 acres in Los Angeles.

Property SizeContact for details
Lot Size0.41 Acres
Days on Market215

Property Features for 1228 1234 1238 Normandie Avenue

General Information

Standard status Active
Lot size 0.41 Acres
Property subtype Land
Zoning R4-1VL
Listing Agency: Hilco Real Estate - Corporate
Listed By: Jonathan Cuticelli
Source: Hilcorealestatesales
Added: Jan 27 Changed: Aug 28 Last Checked: Aug 26 at 5:13AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Hilco Real Estate - Corporate

Investment Insights

Based on property information with market context.

Located within an Opportunity Zone, this assemblage of three contiguous parcels totals approximately 0.41 acres. The parcels are located off West Pico Boulevard on the edge of Koreatown and Harvard Heights. The area is undergoing rapid development. A prior proposal envisioned a 100% affordable housing development, featuring a five-story building with elevator service, 75 residential units, and 12 parking spaces. The site offers easy access to two major interstates, I-10 and I-110, and is situated in a heavily traveled area of West Pico Boulevard and South Normandie. Future ownership can complete the project under the prior development plans or utilize the site to turn their own vision into a reality.

Key Highlights

  • Opportunity Zone location offering potential tax benefits.
  • Assemblage of three contiguous parcels totaling 0.41± acres.
  • Located in a downtown Los Angeles neighborhood undergoing rapid development.

Property Analytics

Current Use

Land

Suggested Use

Top Pick Tanning Salon Buffet Veterinary Clinic Carpet & Flooring Store Supermarket (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

3,955
Businesses Nearby

Demographics for 90006, CA

58,229
Population
21,475
Households
2.7
Avg Household Size
36
Median Age
22%
College-Educated
63%
High-School Grad
1.9 sq mi
ZIP Area
30,647
Density / Sq Mi
$49,847
Median Household Income
$31,645
Median Earnings
$1,396
Median Rent
$841,900
Median Home Value
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Land - Assemblage of three parcels totaling 0.41 acres in Los Angeles.
Where is this land located?
The property is located at 1228 1234 1238 Normandie Avenue Los Angeles, CA.
What are key features of this property?
This property features: Opportunity Zone location offering potential tax benefits.; Assemblage of three contiguous parcels totaling 0.41± acres.; Located in a downtown Los Angeles neighborhood undergoing rapid development.
More about this property
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