Prime R4 Lot in Los
240 Normandie Avenue, Los Angeles, CA 90004
For Sale
$2,399,000
Centrally located R4 lot for development in Los Angeles.
Property SizeContact for details
Days on Market508
Property Features for 240 Normandie Avenue
General Information
Standard status
Site & Location
Neighborhood
Listing Agency:
EJP & ASSOCIATES
Listed By:
E. JAZ PINCA
Source:
Corcoran
Added: Jun 19, 2025
Changed: Mar 16
Last Checked: Nov 6 at 10:27AM
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 EJP & ASSOCIATES
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Investment Insights
Based on property information with market context.
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.
Key Highlights
- 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.
Property Analytics
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Location Intelligence
Trade Area within ½ mile
6,632
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
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 Avenue 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.
