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1029 S Normandie Ave
Los Angeles, CA 90006
 Redevelopment Opportunity · Land For Sale · 0.14 AC

Residential Land & Home Lots California Los Angeles 1029 S Normandie Ave, Los Angeles, CA 90006

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Investment Highlights

  • CENTER OF MID-WILSHIRE
  • BANKS AND NEW HIGHER RENTAL APARTMENTS NEARBY
  • OLYMPIC BLVD & NORMANDIE AVE CORRIDOR

Executive Summary

SEE ATTACHED DOC FOR INVESTMENT DEPRECIATION AND TAX BENEFIT FOR THE NEXT BUYER. ** BRING YOUR 1031 EXCHANGE HERE. ** NOW WITH NEW LOWERED PRICE, LOOKING FOR A SERIOUS BUYER.** NO BETTER LOCATION & ACCESSIBILITY IN TOWN. OPPORTUNITY/LUCK IS FOR THOSE WHO TAKE IT & TAKE IT QUICKLY THAN ANYONE ELSE. Current ownership purchased this property for $1,100,000.00 back in 2018. Motivated Seller. All serious offers will be considered. This DUPLEX, WILL BE DELIVERED VACANT AT CLOSE OF ESCROW. REMODEL TO GET HIGHEST RENT POSSIBLE OR REDEVELOPMENT OPPORTUNITY!! LOCATION, LOCATION, LOCATION!! R-4/1 Zoning, Center of Normandie and Olympic Blvd. Great Location with Great Possibilities!! Land Value. 14 Units By-Right Buildable sq footage 9,720sf. & 26 Potential Units with TOC Tier 3, Maximum Buildable square footage: 17,310 sf., refer to attached Document. Buyer to verify all information. There are no approved plans or RTI. Buyer/developer to draw a new plan.

Property Facts

Sale Type Investment or Owner User Property Subtype Residential
Sale Condition Redevelopment Project Proposed Use
Multifamily
  • Religious Facility
No. Lots 1 Total Lot Size 0.14 AC
Property Type Land Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning LAR4 - R-4/1
Sale Type Investment or Owner User
Sale Condition Redevelopment Project
No. Lots 1
Property Type Land
Property Subtype Residential
Proposed Use
Multifamily
  • Religious Facility
Total Lot Size 0.14 AC
Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning LAR4 - R-4/1

1 Lot Available

Lot

Price $1,090,000 Lot Size 0.14 AC
Price Per AC $8,042,084.45
Price $1,090,000
Price Per AC $8,042,084.45
Lot Size 0.14 AC

Description

LOCATION, LOCATION, LOCATION!! R-4/1 Zoning, Center of Normandie and Olympic Blvd. Great Location with Great Possibilities!! Land Value. 14 Units By-Right Buildable sq footage 9,720sf. & 26 Potential Units with TOC Tier 3, Maximum Buildable square footage: 17,310 sf., refer to attached Document. Buyer to verify all information.

Property Taxes

Parcel Number 5078-018-007 Improvements Assessment $318,589
Land Assessment $933,018 Total Assessment $1,251,607

Property Taxes

Parcel Number
5078-018-007
Land Assessment
$933,018
Improvements Assessment
$318,589
Total Assessment
$1,251,607
 

  • Listing ID: 29159727

  • Date on Market: 8/1/2023

  • Last Updated:

  • Address: 1029 S Normandie Ave, Los Angeles, CA 90006

More public record information on 1029 S Normandie Ave, Los Angeles, CA 90006

The Harvard Heights Land Property at 1029 S Normandie Ave, Los Angeles, CA 90006 is currently available. Contact The Right Realty Group for more information.

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