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    240 Normandie Ave Los Angeles, CA 90004

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    For Sale
    $2,399,000

    Centrally located R4 lot for development in Los Angeles.

    Property Features for 240 Normandie Ave

    General Information

    Standard status
    Active

    Source: EJP & ASSOCIATES Agent E. JAZ PINCA

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Prime R4 Lot in Los Angeles

    This centrally located prime R4 lot is presented for sale and offers development opportunities in Los Angeles. The property is an "ED-1 eligible site", providing affordable housing developers with incentives. This vacant lot is situated in the heart of Los Angeles, offering the opportunity to build a project without the need for evictions, relocation assistance, or SB8 replacement of protected units. The location is minutes from Hollywood, Silver Lake, Downtown LA, and Korea Town, with a WalkScore of 92/100, indicating a walker's paradise. The neighborhood provides conveniences, stores, and restaurants. Public transportation and major freeway access are nearby. The property is located inside an Opportunity Zone, potentially offering tax incentives to the developer. The current structure is a 3-unit building.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.30017
    Latitude
    34.06992

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    FAQs

    What type of property is this?
    Residential land & home lot - Centrally located R4 lot for development in Los Angeles.
    Where is this residential land & home lot located?
    The property is located at 240 Normandie Ave Los Angeles, CA.
    What is the asking price?
    The asking price for this property is $2,399,000.
    What are key features of this property?
    This property features: - Prime R4 lot in central Los Angeles, ideal for development.; - "ED-1 eligible site" offering significant incentives for affordable housing developers.; - Delivered vacant with no evictions, relocation assistance, or SB8 replacement required.
    Request Owner's contact information
    240 Normandie Ave Los Angeles, CA 90004
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    Los Angeles, CA 90004
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    240 Normandie Ave Los Angeles, CA 90004
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