240 S Normandie AVE Active Save Request In-Person Tour Request Virtual Tour
Los Angeles,CA 90004
Key Details
Property Type Vacant Land
Sub Type Other Residential Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID CROC24086104
Originating Board California Regional MLS
Lot Size 9,004 Sqft
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 FY,GDN,LW,LSR
Exterior
View Local/Neighborhood,City Lights
Building
Water District - Public
Others
Tax ID 5518007013
Special Listing Condition Not Applicable