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1029 S Normandie Ave - Redevelopment Opportunity 0.14 Acres of Residential Land Offered at $1,484,743 CAD in Los Angeles, CA 90006

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.

Attachments

Property Report Disclaimer
BENEFIT OF 1029 S. NORMANDIE AVE. LA CA 90006

Property Facts

Price $1,484,743 CAD Property Subtype Residential
Sale Type Investment or Owner User Proposed Use
Multifamily
  • Religious Facility
Sale Condition Redevelopment Project Total Lot Size 0.14 AC
No. Lots 1 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.
Property Type Land
Zoning LAR4 - R-4/1
Price $1,484,743 CAD
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 $1,484,743 CAD Lot Size 0.14 AC
Price Per AC $10,954,524.96 CAD
Price $1,484,743 CAD
Price Per AC $10,954,524.96 CAD
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.

1 1
Very walkable
80/100
Exceptionally drivable
90/100
Exceptional public transit
90/100
Fairly bikeable
50/100
Source: Local Logic®

Property Taxes

Parcel Number 5078-018-007 Improvements Assessment $433,966 CAD
Land Assessment $1,270,910 CAD Total Assessment $1,704,876 CAD

Property Taxes

Parcel Number
5078-018-007
Land Assessment
$1,270,910 CAD
Improvements Assessment
$433,966 CAD
Total Assessment
$1,704,876 CAD
(213) 434-2433

Still interested?

Contact the broker for more information about this property

Contact

  • Max Lee
    Max Lee

  • Listing ID: 29159727

  • Date on Market: 2023-08-01

  • Last Updated:

  • Address: 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.

LAND PROPERTIES IN NEARBY NEIGHBORHOODS

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1029 S Normandie Ave - Redevelopment Opportunity
(213) 434-2433 x

1029 S Normandie Ave - Redevelopment Opportunity

Max Lee
(213) 434-2433

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