854 S Normandie Avenue, Los Angeles CA, 90005
(Active)
$4,900,000
|
|
MLS# 22221437
Last Updated: 5/18/2024 2:34 PM
Description for
854 S Normandie Avenue
Los Angeles, CA 90005
We are excited to present this spectacular corner lot development opportunity in prime Koreatown! The existing building consists of seven units and includes plenty of parking. With tier 3 zoning and a lot size of over 13,000 square feet, this building can be delivered vacant for a very promising development opportunity for 90 affordable units. Plans have been submitted and property can be delivered RTI (Buyer to pay permit fees) This amazing property is located in the heart of Koreatown, a rising area for development with nearby office buildings, hotels, retail, restaurants and a very unique nightlife!
Price
$4,900,000
Los Angeles
22221437
Active
Description
We are excited to present this spectacular corner lot development opportunity in prime Koreatown! The existing building consists of seven units and includes plenty of parking. With tier 3 zoning and a lot size of over 13,000 square feet, this building can be delivered vacant for a very promising development opportunity for 90 affordable units. Plans have been submitted and property can be delivered RTI (Buyer to pay permit fees) This amazing property is located in the heart of Koreatown, a rising area for development with nearby office buildings, hotels, retail, restaurants and a very unique nightlife!
Listing Information
| Property Type: Land, Other | ||
| 0.3 Acres | ||
Neighborhood
Room Information
Exterior / Lot Features
0 Covered Parking Spaces,
LAR4
Driving Directions
Corner of south Normandie Ave and James M Wood Blvd
Financial Considerations
| 5094018001 |
Listing Price History
Los Angeles Real Estate
Los Angeles is located in California. Los Angeles, California 90005 has a population of 3,956,168.
The median household income in Los Angeles, California 90005 is $45,173. The median household income for the surrounding county is $73,262 compared to the national median of $66,222. The median age of people living in Los Angeles 90005 is 38 years.
Data provided below are primarily sourced from Public Records data.
Nearby Recent Sales (Sourced from Public Records)
| Street Address | City | Beds | Baths | Sold Price | Sold Date | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| No information is available for recently sold properties within this search. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Price History
| Date | Event | Price | Source |
|---|---|---|---|
| 7/20/2023 | Active | $4,900,000 USD 8.89% |
|
| 11/29/2022 | Active | $4,500,000 USD |
|
Tax History (Sourced from Public Records)
| year | Property Taxes | Change | Tax Assessment | Change |
|---|---|---|---|---|
| 2023 | $41,639 USD | 4.78% | $3,330,774 USD | 2.00% |
| 2022 | $39,740 USD | 0.83% | $3,265,466 USD | 1.52% |
| 2021 | $39,413 USD | -1.00% | $3,216,604 USD | - |
| 2020 | $39,810 USD | 4.07% | $3,216,604 USD | 1.04% |
| 2019 | $38,254 USD | 0.89% | $3,183,623 USD | 2.00% |