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$2,800,000

Est. payment - /mo

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9,003 Sqft Lot

Active

240 S Normandie AVE Los Angeles, CA 90004

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Nathan King Real Estate Group

info@kingrealestate.group +1(559) 396-0000

UPDATED:

10/23/2024 06:08 PM

Key Details

Property Type Vacant Land

Listing Status Active

Purchase Type For Sale

MLS Listing ID OC24086104

HOA Y/N No

Lot Size 9,003 Sqft

Acres 0.2067

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!

Location

State CA

County Los Angeles

Area Krea - Koreatown

Zoning LAR4

Interior

Fireplace No

Exterior

Community Features Street Lights, Sidewalks

Utilities Available Electricity Connected, Sewer Connected, Water Connected

View Y/N Yes

View City Lights, Neighborhood

Building

Lot Description Front Yard, Garden, Rectangular Lot

Water Public

New Construction No

Others

Senior Community No

Tax ID 5518007013

Acceptable Financing Cash, Cash to Existing Loan, Cash to New Loan, Conventional, Submit

Listing Terms Cash, Cash to Existing Loan, Cash to New Loan, Conventional, Submit

Special Listing Condition Standard

Listed by E. Jaz Pinca • EJP & Associates • 949-373-5529

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Nathan King Real Estate Group

Broker | License ID: 01878277

+1(559) 396-0000

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