New Listing – 13-Unit Development Opportunity in Koreatown
Lucas Herbst of Lyon | Stahl Investment Real Estate is proud to present 1146 S Normandie Ave, a 13-unit development opportunity for sale in Los Angeles!
This property is offered at $995,000
This multi-family development opportunity for sale in the highly sought after area of Koreatown. Located in the high demand rental area with new developments coming quickly and transportation close by. The triplex sits on a 5,906 square foot lot Zoned R4 and is able to utilize the opportunity of the Tier 3 Transit Oriented Community (TOC) incentive which allow the bonus density to build 14 units. With these construction TOC construction benefits it presents a great opportunity for a builder or investor. Buyer to verify.
- Prime location
- Opportunity zone
- Zoned R4
- 5,906 square foot lot
Los Angeles is always evolving, but some neighborhoods change faster than others. Projecting a few years forward, it’s hard to imagine any part of the city looking as different as Koreatown. With new buildings going up left and right, entire blocks could be nearly unrecognizable in a relatively short amount of time.
Much of the area’s development activity is concentrated around the Wilshire corridor, but a number of projects are also popping up to the north and south.
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