Property Details
About this Property
Presented for sale is a centrally located prime R4-1 lot for development in Los Angeles. Property is "ED-1 eligible site" which offers affordable housing developers amazing incentives such as unlimited density & height increase bonus, zero parking requirements, 100% increase of base FAR ratio, streamlined and faster ministerial approval process and many more. This lot boasts central location minutes to Hollywood, Silver Lake, Downtown LA or Korea Town with a WalkScore of 92/100 - walker's paradise. The neighborhood has a lot of nearby conveniences, stores and restaurants. It is close to public transportation and major freeway access. Property is also located inside the Opportunity Zone, which can give major tax incentives to the right developer. Current structure is a 3-unit building which will be delivered vacant. No eviction, relocation assistance or SB8 replacement of protected units/tenants necessary. This is not to be missed! Contact listing agent today!
MLS Listing Information
MLS #
CROC24086104
MLS Source
California Regional MLS
Days on Site
233
Parking, School, and Other Information
HOA Fee
$0
Zoning
FY, GDN, LW, LSR
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
240 S Normandie Ave is in Los Angeles, CA 90004. This Land is currently priced at $2,800,000. This address can also be written as 240 S Normandie Ave, Los Angeles, CA 90004.
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This listing information is up-to-date as of October 23, 2024. For the most current information, please contact E. Jaz Pinca, (949) 373-5529
