600 N NORMANDIE AVENUE, LOS ANGELES, CA 90004

  • 6 beds
  • 2.00 baths
  • 2,196 sqft
  • Lot Size: 6,983 sqft
  • Built in 1923
  • MLS #SR21232405
For Sale $1,575,000

Description

We are pleased to offer for sale this extremely rare multifamily zoned lot. The property is well aligned for new multifamily development due to a slew of advantageous factors. This is not an entitled or RTI project. This is a marketing brochure which articulates one potentially viable way of developing the property. 1. Corner site. Project ingress/egress, view potential, and overall project visibility are all maximized. 2. R3-1. Perhaps the most attractive multifamily zone. 3. Transit Oriented. Tier 1. 4. Located in the Opportunity Zone. 5. Beautifully remodeled 6-bedroom SFR. 6. Highest and best use will not require a discretionary planning action as a TOC project can potentially be executed without height increase. More value... In addition to being a viable 14-unit development site, the subject property is currently improved with a beautifully remodeled six-bedroom single family home. This will ensure a purchaser with a turn-key residence or rental property while processing entitlements with the City of Los Angeles. All bedrooms, bathrooms, and other areas of the house have been remolded.Title depicts the property as a 2,196 SF 4 bed/2 bath SFR built in 1923. Hence, it is most likely that two of the bedrooms were created without permits.The property is not identified as having historic potential.

FACTS / FEATURES

  • Residential, Single Family Residence
  • Built in 1923
  • Lot Size: 6,983 sqft
  • View: City Lights, Hills, Mountain(s), Neighborhood
  • Cooling: Central Air
  • Heating: Central
  • Parking: 2 spaces total

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Listing Provided by Francis Evanisko, Evanisko Realty & Investment
Based on information from California Regional Multiple Listing Service, Inc. as of January 20, 2022. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.