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1127 N Normandie Ave
Los Angeles, CA 90029
1127 Normandie Ave · Land For Sale
·
0.12 AC
Investment Highlights
- No rent control on the future project!
- Large (5,352 SF) flat lot, ideal for a new construction project.
- New construction in this neighborhood commands premium rents and high resale value.
- Opportunity Zone, major tax benefits (consult CPA)
- Vacant SFR currently on lot. No relocations needed!
- LARD1.5 zoning
Executive Summary
The Land Specialists are pleased to present 1127 N Normandie Ave, a prime development opportunity adjacent to Silver Lake, one of LA’s most sought-after Eastside neighborhoods. Situated on a 5,352 SF flat lot within an Opportunity Zone and not subject to rent control, this asset offers significant upside for developers and investors alike.
The property is currently improved with a vacant SFR, allowing for a streamlined development process with no tenant relocations required. Zoned LARD1.5, the site offers by-right development potential in a high-demand rental market where new construction commands premium rents.
Centrally located near major employment hubs including Kaiser Permanente, Netflix, Paramount Studios, and the Hollywood Media District, the property attracts a strong tenant base of young professionals and students. Residents will enjoy a highly walkable location near top dining, coffee, and retail, along with
easy access to the Vermont/Sunset Metro and surrounding hubs like Silver Lake, Los Feliz, and Hollywood.
With limited inventory and continued rental demand in this submarket, 1127 N Normandie presents a compelling opportunity to develop in a proven, high-growth location.
The property is currently improved with a vacant SFR, allowing for a streamlined development process with no tenant relocations required. Zoned LARD1.5, the site offers by-right development potential in a high-demand rental market where new construction commands premium rents.
Centrally located near major employment hubs including Kaiser Permanente, Netflix, Paramount Studios, and the Hollywood Media District, the property attracts a strong tenant base of young professionals and students. Residents will enjoy a highly walkable location near top dining, coffee, and retail, along with
easy access to the Vermont/Sunset Metro and surrounding hubs like Silver Lake, Los Feliz, and Hollywood.
With limited inventory and continued rental demand in this submarket, 1127 N Normandie presents a compelling opportunity to develop in a proven, high-growth location.
Property Facts
| Sale Type | Investment | Proposed Use | Multifamily |
| No. Lots | 1 | Total Lot Size | 0.12 AC |
| Property Type | Land | Opportunity Zone |
Yes
|
| Property Subtype | Residential | ||
| Zoning | LARD1.5 | ||
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | Multifamily |
| Total Lot Size | 0.12 AC |
| Opportunity Zone |
Yes |
| Zoning | LARD1.5 |
1 Lot Available
Lot
| Price | $1,356,642 CAD | Lot Size | 0.12 AC |
| Price Per AC | $11,041,729.05 CAD |
| Price | $1,356,642 CAD |
| Price Per AC | $11,041,729.05 CAD |
| Lot Size | 0.12 AC |
Property Taxes
| Parcel Number | 5537-017-018 | Improvements Assessment | $271,070 CAD |
| Land Assessment | $1,089,728 CAD | Total Assessment | $1,360,798 CAD |
Property Taxes
Parcel Number
5537-017-018
Land Assessment
$1,089,728 CAD
Improvements Assessment
$271,070 CAD
Total Assessment
$1,360,798 CAD
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