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    4716 S Normandie Avenue

    Los Angeles (City), CA 90037
    • $1,795,000
    • STATUS: Active
    • ON SITE: 172 days
    • ID#: 20588500
    UPDATED: 52 min ago
    $1,795,000
    • 0
      BEDS
    • 0.11
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Type:
    Vacant Land / Lots
    County:

    School Ratings & Info

    Description

    We are pleased to present this Development Opportunity in the Vermont Square neighborhood located at 4712 and 4716 S Normandie Ave. LA, CA 90037. The site consists of two parcels (APN #5017-004-003 & APN #5017-004-025) that are currently being used as a Car Dealership. There is one structure on the parcels that is approximately 750 SF. However; both parcels can be delivered vacant upon sale or with a Sale Leaseback.Both parcels consist of a total 11,014 Lot SF zoned C2-1VL with about 90 feet of frontage on Normandie Ave. Also, the Opportunity is located in a Tier 2 Transit Oriented Community and is situated in a Community Plan Implementation Overlay for South LA. This is a fantastic opportunity to develop in one of Los Angeles's up and coming communities. An Investor could take advantage of these programs to increase the number of buildable units through density bonuses at the Site as well as look at a 100% Affordable Housing Project which would significantly reduce parking costs.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-11-30T13:32:36.98. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or RE/MAX Masters. Licensed in the State of California, USA.

    www.bestlahomefinder.com/homes/106708251
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    4716 S Normandie Avenue Los Angeles (City), CA 90037

    • Price: $1,795,000
    • Status: Active
    • Updated: 52 min ago
    • ID#: 20588500
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.11
    Acres
    Neighborhood:
    C34 - Los Angeles Southwest
    County:
    Los Angeles
    Area:
    C34 - Los Angeles Southwest
    Property Description
    We are pleased to present this Development Opportunity in the Vermont Square neighborhood located at 4712 and 4716 S Normandie Ave. LA, CA 90037. The site consists of two parcels (APN #5017-004-003 & APN #5017-004-025) that are currently being used as a Car Dealership. There is one structure on the parcels that is approximately 750 SF. However; both parcels can be delivered vacant upon sale or with a Sale Leaseback.Both parcels consist of a total 11,014 Lot SF zoned C2-1VL with about 90 feet of frontage on Normandie Ave. Also, the Opportunity is located in a Tier 2 Transit Oriented Community and is situated in a Community Plan Implementation Overlay for South LA. This is a fantastic opportunity to develop in one of Los Angeles's up and coming communities. An Investor could take advantage of these programs to increase the number of buildable units through density bonuses at the Site as well as look at a 100% Affordable Housing Project which would significantly reduce parking costs.
    Exterior Features

    Lot Size Source Other Lot Size Units Square Feet View City Lights View YN Yes

    Property Features

    Country Us Special Listing Conditions Standard Zoning Lac2

    Listing provided courtesy of Jonathan Prakash of Keller Williams Silicon Beach and Derrick Vartanian of Keller Williams Silicon Beach


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-11-30T13:32:36.98. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or RE/MAX Masters. Licensed in the State of California, USA.

     
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