148 S Normandie Avenue

Property Overview

Prime Koreatown Covered Land Play & Value-Add Opportunity! This exceptional site features high-density LAR4 zoning with a TOC Tier 2 designation, unlocking massive density bonuses, increased FAR, and reduced parking requirements for a future luxury residential complex. Positioned within an official Qualified Opportunity Zone (QOZ), the property offers incoming investors substantial tax incentives and capital gains deferrals. Located in the highly desirable Wilshire Center/Koreatown submarket (90004), 148 S Normandie Ave is situated on a prime ±5,944 sq. ft. corner lot, perfectly pairing stable immediate cash flow with massive development upside. Operational flexibility with the current tenants are on Month-to-Month leases, delivering a frictionless path for a developer looking to break ground or a value-add buyer looking to immediately capture true market-rate stabilization. Owner overhead is kept low, as all units are individually metered for electricity and gas, strictly limiting utility exposure. Do not miss this secure, low-overhead wealth preservation vehicle in one of Los Angeles' most supply-constrained rental markets!

Home Details

Property type: Residential - Quadruplex
Year built: 1942
Living area: 3,559 sq ft
Lot size: 5,944 sq ft
Parking: 4 spaces
Garage: 4 spaces
Stories: 2
Days on market: 1
Full bathrooms: 6
MLS status: Active

Features & Amenities

Parking

Garage

Pool

None

Lot

Two To Five Units Acre

Community, Schools & Utilities

Community

Fireplace: Yes
View: None

Schools

School district: Los Angeles Unified

Utilities

Cooling: SeeRemarks
Water: Public
Sewer: PublicSewer

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Location & Neighborhood

Los Angeles, CA 90004

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Frequently Asked Questions About 148 S Normandie Avenue

Property type: Residential

The current asking price is $1,750,000. Pricing is subject to change and may vary based on market conditions, negotiations, and property updates. Contact our team to verify current pricing.

Yes. Use the Book Visit action or contact form to request an in-person or virtual tour of 148 S Normandie Avenue. Our team will confirm availability and timing.

This 7 bedrooms and 6 bathrooms property offers approximately 3,559 square feet of living space. It was built in 1942. Review the listing details and disclosures, then independently verify material features before making a decision.

The property is in Los Angeles, California. Review the map, visit at relevant times of day, and verify schools, commute routes, services, noise, hazards, and local rules for the exact address.

Financing depends on the buyer, lender, property type, condition, appraisal, insurance, and association documents. A qualified lender can confirm available programs and costs for this Los Angeles property.

The MLS currently reports the property as Active. It has been listed for 1 days. Status can change, so verify availability before relying on it.