1146 S Normandie Avenue

    Los Angeles (City), CA 90006
    • $1,000,000
    • STATUS: Active
    • ON SITE: 85 days
    • ID#: SB19072731
    UPDATED: 47 min ago
    $1,000,000
    • 0
      BEDS
    • 0.14
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,154
      SQFT
    • $464
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1922
    County:

    School Ratings & Info

    Description

    We are pleased to present 1146 S Normandie a 13 unit multi family development opportunity for sale in the highlysought after area of Koreatown. Located in the high demand rental area with new developments coming quickly andtransportation close by. The triplex sits on a 5,906 square foot lot Zoned R4 and is able to utilize the opportunity of theTier 2 Transit Oriented Community (TOC) incentive which allow the bonus density to build 13 units. With theseconstruction TOC construction benefits it presents a great opportunity for a builder or investor. Buyer to verify

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-06-26T21:43:10.433. 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. Licensed in the State of California, USA.
    www.hellerthehomeseller.com/homes/93263814

    1146 S Normandie Avenue Los Angeles (City), CA 90006

    • Price: $1,000,000
    • Status: Active
    • Updated: 47 min ago
    • ID#: SB19072731
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.14
    Acres
    2,154
    SQFT
    $464
    $/SQFT
    1922
    Built
    Neighborhood:
    C17 - Mid-Wilshire
    County:
    Los Angeles
    Area:
    C17 - Mid-Wilshire
    Property Description
    We are pleased to present 1146 S Normandie a 13 unit multi family development opportunity for sale in the highlysought after area of Koreatown. Located in the high demand rental area with new developments coming quickly andtransportation close by. The triplex sits on a 5,906 square foot lot Zoned R4 and is able to utilize the opportunity of theTier 2 Transit Oriented Community (TOC) incentive which allow the bonus density to build 13 units. With theseconstruction TOC construction benefits it presents a great opportunity for a builder or investor. Buyer to verify
    Exterior Features

    Garage Spaces 0.00 Lot Features 0-1 Unit/Acre Lot Size Source Assessor Lot Size Units Square Feet Parking Total 0.00 Pool Features None Pool Private YN No Property Attached YN Yes

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls 1 Common Wall Laundry Features None

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Community Features Suburban Country Us Electric Expense 2964.00 Elevation Units Feet Fuel Expense 2964.00 Gross Income 29628.00 Gross Scheduled Income 29628.00 Insurance Expense 2964.00 Land Lease YN No Laundry YN No Net Operating Income 11840.00 New Construction YN No New Taxes Expense 2964.00 Number Of Separate Electric Meters 3 Number Of Separate Gas Meters 3 Number Of Separate Water Meters 3 Operating Expense 17788.00 Rent Control YN Yes Senior Community YN No Sewer Other Special Listing Conditions Standard Total Expenses 17788.00 Trash Expense 2964.00 Water Sewer Expense 2964.00 Water Source Other Year Built Source Public Records Zoning Lar4

    Listing provided courtesy of Lucas Herbst of Lyon Stahl Investment Real Estate, Inc. and Stephen Takahashi of Lyon Stahl Investment Real Estate, Inc.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-06-26T21:43:10.433. 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. Licensed in the State of California, USA.
     
    Heller The Home Seller | Keller Williams Realty
    171 Saxony Road, Ste. 205
    Encinitas CA, 92024