Multifamily Corner Lot
148 S Normandie Avenue Los Angeles, CA 90004
148 S Normandie Avenue, Los Angeles, CA, 90004
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For Sale
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Multifamily property on a corner lot with month-to-month tenants and individually metered electric and gas utilities.
Lot Size0.14 Acres
Days on Market23
Property Features for 148 S Normandie Avenue
General Information
- Standard status
- Active
- Lot size
- 0.14 Acres
- Property subtype
- Multifamily
Listing agency
Redfin Corporation
(626) 581-1100
Listed by
Sang Ur · License #01474940
Source
Crexi
Added: Jun 30 Updated: Jul 21 at 1:03AM Checked: Jul 22 at 4:09PM
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
Location Intelligence
Current Use by Public Records
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FAQs
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 Avenue 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).
