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Résumé de l'annonce

Rare ±8,699 SF LAR3 development opportunity located within a TOC Tier 3 corridor with potential eligibility for ED1 and AB 1287 incentives, subject to buyer verification. Preliminary studies suggest potential for a future multifamily development project utilizing mixed-income or affordable housing strategies; however, buyer is advised to independently verify all zoning, density, entitlement, incentive program eligibility, and development assumptions with the City of Los Angeles. Existing renovated residence provides immediate usability and potential interim income while pursuing redevelopment plans.

Pièces jointes

40569836_686848421

Faits sur la propriété

Prix 2 552 815 $ CAD
Type de vente Investissement
Condition de vente Projet de redéveloppement
Nombre de lots 1
Type de propriété Terrain
Sous-type de propriété Résidentiel
Utilisation proposée Unités d’appartements
Taille totale du lot 0,20 AC
Zone de développement économique Oui
Zonage LAR3 - LAR3-zoned TOC Tier 3 development site with potential ED1 and AB 1287 eligibility. Buyer to verify all zoning and development potential.

1 Lot disponible

Lot

Prix 2 552 815 $ CAD
Prix par AC 12 582 075,09 $ CAD
Taille du lot 0,20 AC

Rare ±8,699 SF LAR3-zoned development opportunity in Melrose Hill with TOC Tier 3 incentives and potential ED1/AB 1287 eligibility. Existing renovated residence offers immediate usability while pursuing future multifamily redevelopment potential.

Description

564 N Normandie Avenue presents a rare opportunity to acquire a beautifully maintained estate property with significant multifamily redevelopment potential in one of Central Los Angeles’ most compelling emerging corridors. Positioned at the intersection of Melrose Hill, Larchmont Village, East Hollywood, and Koreatown, the property offers a unique blend of historic neighborhood character, creative energy, walkability, and long-term growth fundamentals. Currently improved with a thoughtfully renovated single-family residence, the property can be enjoyed, leased, or held while pursuing future development plans. The site is zoned LAR3 and located within a TOC Tier 3 area, with potential eligibility for ED1 and AB 1287 incentives, creating the opportunity for increased density, reduced parking requirements, and expedited approvals, subject to buyer verification. Preliminary studies suggest the potential for a 6-story multifamily project with mixed-income or affordable housing strategies. 564 N Normandie is not simply a development site. It is a chance to own property in a neighborhood actively being rediscovered and reshaped by new housing, hospitality, dining, and creative investment. A property that can be lived in today, with a vision toward tomorrow. A great income producing asset to use until plans have been approved.

Très accessible à pied
80/100
Exceptionnellement adapté aux voitures
100/100
Bons transports en commun
70/100
Plutôt accessible en vélo
40/100

Impôts fonciers

Impôts fonciers

Numéro de lot
5520-011-024
Évaluation du terrain
2 131 426 $ CAD
Évaluation des bâtiments
532 857 $ CAD
Évaluation totale
2 664 283 $ CAD
  • ID d’inscription: 40681266

  • Date de mise sur le marché: 2026-05-27

  • Dernière mise à jour:

  • Adresse: 564 N Normandie Ave, Los Angeles, CA 90004

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