148 Normandie Avenue, Los Angeles, CA 90004

Los Angeles
Local realty services provided by:Better Homes and Gardens Real Estate Clarity
148 Normandie Avenue,Los Angeles, CA 90004
$1,750,000
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: sang ur
Office: redfin corporation
MLS#:PF26141841
Source:MLSListings

Price summary

  • Price:$1,750,000

About this home

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...

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Home facts

  • Year built:1942
  • Listing ID #:PF26141841
  • Added:23 day(s) ago
  • Updated:July 24, 2026 at 08:00 PM

Structure and exterior

  • Roof:Tile
  • Year built:1942
  • Lot area:0.14 Acres
  • Lot Features:Mid Block

Utilities

  • Water:District - Public

Finances and disclosures

  • Price:$1,750,000

Parking

  • Parking description:Garage
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