240 Normandie Avenue Los Angeles, CA 90004

Listing office EJP & ASSOCIATES

Listing date Jun 19, 2025

Source Corcoran

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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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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 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.