240 S Normandie Avenue

Los Angeles, CA 90004

$2,800,000

List Price

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Property Description

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!

Listing Information

List Price $2,800,000
Status Active
MLS OC24086104
HOA $0
Type Land
Lot Size 9,004
Structure Size N/A
DOM 176
Courtesy Of EJP & Associates
Listing Agent E. Jaz Pinca DRE#01832110

Interior Features

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Maps

Listing information courtesy of: E. Jaz Pinca, EJP & Associates 949-373-5529. *Based on information from the Association of REALTORS/Multiple Listing as of Oct 23rd, 2024 at 6:08 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.