148 S Normandie AVE, Los Angeles, CA 90004
148 S Normandie AVE, Los Angeles, CA 90004
148 S Normandie AVE, Los Angeles, CA 90004
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Eric & Janelle Boyenga

Eric & Janelle Boyenga

+1(408) 373-1660
Listed by Sang Ur, DRE #01474940 • Redfin Corporation
$1,750,000
Est. payment /mo
7 Beds
6 Baths
3,559 SqFt
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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Fourplex

Listing Status Active

Purchase Type For Sale

Square Footage 3,559 sqft

Price per Sqft $491

MLS Listing ID CRPF26151135

Bedrooms 7

Full Baths 6

Year Built 1942

Lot Size 5,944 Sqft

Property Sub-Type Fourplex

Source California Regional MLS

Property 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!

Location

State CA

County Los Angeles

Area C17 - Mid-Wilshire

Interior

Cooling Other

Fireplaces Type Other

Exterior

Parking Features Garage

Garage Spaces 4.0

Pool None

View None

Building

Water District - Public

Others

Tax ID 5518006007

Special Listing Condition Not Applicable

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Eric & Janelle Boyenga

Eric & Janelle Boyenga

+1(408) 373-1660

Agent DRE01254724 / 01254725

Agent DRE01254724 / 01254725

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