$1,750,000
 $9,394 est/mo Sourced by Back At You

148 S Normandie Avenue,Los Angeles, CA 90004

Los Angeles, CA 90004

Share:

PreviousNext

Description

Prime Koreatown Covered Land Play & Value-Add Opportunity! This exceptional site features high-density LAR4 zoning with a TOC Tier 2 designation, unlocking massive density bonuses, increased FAR, and reduced parking requirements for a future luxury residential complex. Positioned within an official Qualified Opportunity Zone (QOZ), the property offers incoming investors substantial tax incentives and capital gains deferrals. Located in the highly desirable Wilshire Center/Koreatown submarket (90004), 148 S Normandie Ave is situated on a prime ±5,944 sq. ft. corner lot, perfectly pairing stable immediate cash flow with massive development upside. Operational flexibility with the current tenants are on Month-to-Month leases, delivering a frictionless path for a developer looking to break ground or a value-add buyer looking to immediately capture true market-rate stabilization. Owner overhead is kept low, as all units are individually metered for electricity and gas, strictly limiting utility exposure. Do not miss this secure, low-overhead wealth preservation vehicle in one of Los Angeles' most supply-constrained rental markets!

Details

MLS #PF26141841
Listing TypeFor Sale
StyleDuplex
Sub-TypeResale
StatusActive
Year1942
Days On Site51
Listing Provided ByRedfin Corporation | Sang Ur

Features

SQ Feet3,559
Garage4
Story(s)2
Units4
Building(s)2
Acreage0.14
Property ViewNone

Interior

CoolingSee Remarks
HeatingSee Remarks
Heating Yes / NoYes
Cooling Yes / NoYes
Fireplace Yes / NoYes

Exterior

RoofTile
Foundation DetailsSee Remarks
Lot FeaturesTwo To Five Units Acre
FencingSee Remarks

Parking

Parking FeaturesGarage
Garage Yes / NoYes

Utilities

UtilitiesElectricity Available, Natural Gas Connected, Sewer Connected, See Remarks, Water Connected
SewerPublic Sewer

Location

Community FeaturesStreet Lights, Sidewalks

Area Information

StateCA
CountyLos Angeles
CityLos Angeles
Zip Code90004
AreaC17 Mid Wilshire
Listing VS Median (in 90004)
Price:
$1,750,000
low | high
Med:
$1,799,900
47.148571428571% of Average
sqft:
3,559
low | high
Med:
6,150
22.801348693453% of Average
$ / sqft:
$492
low | high
Med:
$293
90.479961904762% of Average
On site:
51
low | high
Med:
108
47.222222222222% of Average
Sourced by Back At You

Market Activity 90004

Request a showing

Request a showing

Contact

Additional Information

Showing Information

Submit Form

Required Field
By submitting, you agree to receive promotional texts and/or calls from Coldwell Banker Home Source at the number provided. Message/data rates may apply. Consent is not a condition of purchase, and you can opt out anytime by replying STOP.
MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the California Regional MLS.

Contact

Learn More About This Property

David Hong

David Hong

Coldwell Banker Commercial

02207128 (760) 617-8885david.hong@cbcinland.com
StateCA
CountyLos Angeles
CityLos Angeles
Zip Code90004
AreaC17 Mid Wilshire
Listing VS Median (in 90004)
Price:
$1,750,000
low | high
Med:
$1,799,900
47.148571428571% of Average
sqft:
3,559
low | high
Med:
6,150
22.801348693453% of Average
$ / sqft:
$492
low | high
Med:
$293
90.479961904762% of Average
On site:
51
low | high
Med:
108
47.222222222222% of Average
Sourced by Back At You
Nearby Listings (Within 1/4 mile)
Price: $1.312M - $2.187M
sqft: 2,500 - 4,000
Nearby Listings Property ImageNearby Listings Details
165 S Catalina Street Property Photo 1
$1,150,000
165 S Catalina Street
Los Angeles, CA 90004
Listing Updated: July 10, 2026 at 3:56:19 PM PDT