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  • 432 N NORMANDIE AVE LOS ANGELES, 
  • Listing Price: $900,000 Sold Price: $890,000
    Beds: N/A  |  Baths: N/A
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    • MLS#: 18-380146
    • APN#: 5520-014-013
    • Status: Sold
    • Lot Size: 5827
    • Sq Ft: N/A
    • Beds: N/A
    • Baths: N/A
    • Style: N/A
    • Year Built: N/A
    • Subdivision:  
    • Roof: N/A
    • Spa: N/A
    • Tennis: N/A
    • Laundry: N/A
    • Heat: N/A
    • Air: N/A
    • Property Type: Land
    • Sale Type: Standard
    • Land Type: N/A
    • Lease Amount: N/A
    • Lease Exp: N/A
    • HOD: $0.00(N/A)
    • Area: Mid-Wilshire 
    • City: LOS ANGELES
    • Zip code: 90004
    • Map: N/A
    • View: City
    • Waterfront: N/A
    • Sewer: N/A
    • Parking # N/A
    • Security: N/A
    •    
    • Amenities: N/A
    • Pool:
    • Floor: N/A
    • Rooms: N/A
    • Fireplace: N/A
    • Parking: N/A

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Remarks Community Report
We are pleased to present a 5,826 square foot rare development opportunity in Mid-Wilshire, Los Angeles. Located at 432 North Normandie Avenue, the property sits on a residential neighborhood adjacent to single-family homes and other multifamily properties. Tenants enjoy proximity to the 101 Freeway, and access to amenities on Santa Monica Boulevard, as well as Wilshire Boulevard. Currently the lot features a cash flowing duplex. The property has LAR3-1 zoning which allows for multifamily, and residential developments. This particular zoning has no Q Conditions. The unentitled offering has a potential to allow for a development of 7 units by right, and 12 units with the Tier 3 Transit-Oriented Community (TOC) density bonus. Seller has agreed to carry paper at an interest rate of 3.75%. The property presents an exciting opportunity for any investor to develop in the Mid-Wilshire market while benefiting from LAR3 Zoning in a Tier 3 TOC.
Seller's Agents
Buyer's Agents
Last Updated: 11/18/2018 8:18:37 PM
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