Multifamily Corner Lot
For Sale
$1,750,000
148 S Normandie AVE, Los Angeles, CA 90004
Multifamily property on a corner lot with month-to-month tenants and individually metered electric and gas utilities.
Property Size3,559 SF
Lot Size0.14 Acres
Price / SF$491.71
Days on Market66
Property Features for 148 S Normandie AVE
General Information
Standard status
Active
Size
3,559 SF
Lot size
0.14 Acres
Property subtype
MULTI_FAMILY
Zoning
LAR4
Additional Details
Opportunity Zone
Yes
Building Details
Building Size
3,559 SF
Year Built
1942
Tenancy
Multi
Listing Agency:
Redfin Corporation
Listed By:
Sang Ur · License #01474940
(626) 581-1100
Source:
Carolinakramer
Added: Jul 3
Changed: Aug 25
Last Checked: Sep 5 at 5:43AM
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 Redfin Corporation
Investment Insights
Based on property information with market context.
This multifamily income property sits on a corner lot and is currently operating with tenants on month-to-month leases, offering near-term operational flexibility. The units are individually metered for electricity and gas, helping keep owner utility exposure limited.
The site is described as being under LAR4 zoning with a TOC Tier 2 designation, which is stated to support increased density and reduced parking requirements for a future residential development. The property is also noted as being located within a Qualified Opportunity Zone (QOZ).
The offering is positioned as a combined income-and-development use case, with the current configuration supporting stability while the zoning and TOC/QOZ designations are identified as key drivers for potential redevelopment.
The site is described as being under LAR4 zoning with a TOC Tier 2 designation, which is stated to support increased density and reduced parking requirements for a future residential development. The property is also noted as being located within a Qualified Opportunity Zone (QOZ).
The offering is positioned as a combined income-and-development use case, with the current configuration supporting stability while the zoning and TOC/QOZ designations are identified as key drivers for potential redevelopment.
Key Highlights
- 5,944 sq. ft. corner lot at 148 S Normandie Ave in Los Angeles’ Koreatown/Wilshire Center (90004).
- LAR4 zoning with TOC Tier 2 designation, including density bonuses, increased FAR, and reduced parking requirements (per provided remarks).
- Qualified Opportunity Zone (QOZ) designation for potential tax incentives and capital gains deferrals (per provided remarks).
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
3,501
Businesses Nearby
Explore this area
Business Placement
Demographics for 90004, CA
58,585
Population
26,046
Households
2.2
Avg Household Size
37
Median Age
40%
College-Educated
78%
High-School Grad
3.1 sq mi
ZIP Area
18,898
Density / Sq Mi
$62,655
Median Household Income
$39,359
Median Earnings
$1,752
Median Rent
$1,457,200
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Multifamily property - Multifamily property on a corner lot with month-to-month tenants and individually metered electric and gas utilities.
Where is this multifamily property located?
The property is located at 148 S Normandie AVE Los Angeles, CA.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: 5,944 sq. ft. corner lot at 148 S Normandie Ave in Los Angeles’ Koreatown/Wilshire Center (90004).; LAR4 zoning with TOC Tier 2 designation, including density bonuses, increased FAR, and reduced parking requirements (per provided remarks).; Qualified Opportunity Zone (QOZ) designation for potential tax incentives and capital gains deferrals (per provided remarks).
