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4624 Normandie Avenue - RTI Project | 100 Units 0.3 Acres of Commercial Land Offered at $3,450,000 in Los Angeles, CA 90037
Investment Highlights
- Fully entitled RTI project for 100 residential units in South Los Angeles.
- 79 units allocated for Low Income Housing and 20 units for Moderate Income Housing.
- Bicycle parking includes 76 long-term and 7 short-term spaces; no vehicle parking required.
- Five-story design with four levels of residential over ground-floor amenities.
- Located within a Tier 2 Transit Oriented Community zone, promoting accessibility.
- Corner lot location with ±48,849 SF buildable area on 13,169 SF lot.
Executive Summary
? 5-story ,100 unit ED1 project 4 stories type V-A residential over 1 story type I-A residential and amenities at grade
? 79 units for Low Income Housing, 20 units for Moderate Income Housing and one unit for manager
? No parking
? Bicycle parking: 76 long-term and 7 short-term
? RTI Project - Ready to pull the permit and start construction
? Lot area: 13,068 square feet
? Project building area: 48,849 square feet
? Corner lot location
? 79 units for Low Income Housing, 20 units for Moderate Income Housing and one unit for manager
? No parking
? Bicycle parking: 76 long-term and 7 short-term
? RTI Project - Ready to pull the permit and start construction
? Lot area: 13,068 square feet
? Project building area: 48,849 square feet
? Corner lot location
Property Facts
| Price | $3,450,000 | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 0.30 AC |
| Property Type | Land | ||
| Zoning | LAC2-1VL-CPIO | ||
| Price | $3,450,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 0.30 AC |
| Zoning | LAC2-1VL-CPIO |
1 Lot Available
Lot
| Price | $3,450,000 | Lot Size | 0.30 AC |
| Price Per AC | $11,500,000.00 |
| Price | $3,450,000 |
| Price Per AC | $11,500,000.00 |
| Lot Size | 0.30 AC |
13,068 square feet lot. Zoned LAC2-1VL-CPIO. TOC Tier 2
1 1
Moderately walkable
60/100
Very drivable
80/100
Good public transit
70/100
Fairly bikeable
50/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $468,180 | |
| Land Assessment | $1,144,440 | Total Assessment | $1,612,620 |
Property Taxes
Parcel Numbers
Land Assessment
$1,144,440
Improvements Assessment
$468,180
Total Assessment
$1,612,620
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4624 Normandie Avenue - RTI Project | 100 Units
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