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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

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.
More about this property
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