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$2800000   Price Analysis
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240 S Normandie Ave
Los Angeles, CA 90004
Unknown bed 0 bath unknown SqFt ($0/SqFt)
9004SqFt lot.
Listed 2024-04-30, Taxes $3740
Ⓧ USDA Ineligible
due to property

near Los Angeles

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 astounding incentives such as unlimited density and height increase bonus, zero parking requirements, 100% increase of base FAR ratio, streamlined and faster ministeril 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 plenty of nearby conveniences, stores and restaurants. It is close to public transportation and major freeway access. Prop erty 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!


Presented by E. Jaz Pinca at
EJP & Associates.
Listing Agent Photo

Property MLS #OC24086104 from CRMLS

Lot Description: Front Yard, Garden, Lot 6500-9999, Rectangular Lot
Lot Size Acres: 0.2067034
Lot Size Source: Assessor
Lot Size Square Feet: 9004

View: City Lights, Neighborhood

Calculated Total Monthly Association Fees: 0

Community Features: Sidewalks, Street Lights

Source Listing Status: Active
County: Los Angeles
Directions: From the 101 Hwy exit to Silver Lake Blvd and head west, Silver Lake Blvd will turn to Beverly Blvd then turn left to Normandie Ave, property is on the left-hand side before W 3rd St.
Source Property Type: Land
Area: KREA - Koreatown
Source Neighborhood: KREA - Koreatown
Parcel Number: 5518007013
Postal Code Plus 4: 5306
Zoning: LAR4
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2022$24828 + $253794
$278622
$3740
2021$24342 + $248818
$273160
$3675
2020$24093 + $246267
$270360
$3704
2019$23621 + $241439
$265060
$3574
2018$23158 + $236705
$259863
$3429
2017$22704 + $232064
$254768
$3361
2016$11170 + $227514
$238684
$3117
2015$11003 + $224097
$235100
$3075
2014$10788 + $219708
$230496
$3106
2013$10740 + $218716
$229456
$3100
2012$10530 + $214428
$224958
$3138
2010$10324 + $210224
$220548
$3094
2009$10272 + $209149
$219421
$2981
2009$10247 + $208653
$218900
$2981
2008$10071 + $205049
$215120
$2865
2007$9874 + $201029
$210903
$2762

Listed 2024-04-30
$2800000
CRMLS
Sold 1982-12-07
$135000
Public Record

Electricity Connected
Sewer Connected
Water Connected
Water Source: Public

Cahuenga Elementary School is a public elementary school located approximately 0.3 miles away.
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Virgil Middle School is a public middle school located approximately 0.6 miles away.
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Belmont Senior High School is a public high school located approximately 2.2 miles away.
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Enopi Academy is a private elementary school located approximately 0.5 miles away.
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.