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1228-1238 S Normandie Ave 0.41 Acres of Residential Land in Los Angeles, CA 90006
Investment Highlights
- Previously slated for a 5-story, 75-unit multifamily development
- Easy access to two major interstates (I-10 & I-110)
- Heavily traveled area of W. Pico Blvd. & S. Normandie Ave.
Property Facts
| Sale Type | Investment | Proposed Use | Multifamily |
| No. Lots | 1 | Total Lot Size | 0.41 AC |
| Property Type | Land | Opportunity Zone |
Yes
|
| Property Subtype | Residential | ||
| Zoning | R4-1VL | ||
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | Multifamily |
| Total Lot Size | 0.41 AC |
| Opportunity Zone |
Yes |
| Zoning | R4-1VL |
1 Lot Available
Lot
| Lot Size | 0.41 AC |
| Lot Size | 0.41 AC |
Description
February 23: Bidding Opens at 9:00 a.m. (ET) February 25: Bidding Closes at 5:00 p.m. (ET) On-Site Inspections: By Appointment Only Located within an Opportunity Zone, this assemblage of three contiguous parcels, totaling 0.41± acres, are located right off W. Pico Blvd on the edge of Koreatown and Harvard Heights. Investors and developers have an incredible opportunity to acquire nearly half an acre in a downtown Los Angeles neighborhood poised for growth, as the area is currently undergoing rapid development. Previous ownership proposed a 100% affordable housing development consisting of a five-story, elevator-served building with 75 residential units and 12 parking spaces. Future ownership can complete the project under the prior development plans or utilize the site to turn their own vision into a reality. Hilco Real Estate CA, Inc. License ID 02104676
Property Taxes
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $2,714,220 | Total Assessment | $2,714,220 |
Property Taxes
Contact the Sale Advisor
1228-1238 S Normandie Ave