4712 S NORMANDIE AVE

Estimated Monthly Payment: $8,436/mo 4712 S NORMANDIE AVE, Los Angeles, CA 90037 MLS# 19497490 Lots and Land Listing Status: Active
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REMARKS:

We are pleased to present this Development Opportunity in the Vermont Square neighborhood located at 4712 and 4716 S Normandie Ave. LA, CA 90037. The site consists of two parcels (APN #5017-004-003 & APN #5017-004-025) that are currently being used as a Car Dealership. There is one structure on the parcels that is approximately 750 SF. However; both parcels can be delivered vacant upon sale or with a Sale Leaseback.Both parcels consist of a total 11, 014 Lot SF zoned C2-1VL with about 90 feet of frontage on Normandie Ave. Also, the Opportunity is located in a Tier 2 Transit Oriented Community and is situated in a Community Plan Implementation Overlay for South LA. This is a fantastic opportunity to develop in one of Los Angeles's up and coming communities. An Investor could take advantage of these programs to increase the number of buildable units through density bonuses at the Site as well as look at a 100% Affordable Housing Project which would significantly reduce parking costs.

OVERVIEW:

19-497490:CLAW
Lots and Land
Active
Los Angeles Southwest
On Site
2-4 Lots

FEATURES:

Other View

FINANCIAL:

$1,850,000

NEIGHBORHOOD & SCHOOL INFORMATION:

Broker Reciprocity Courtesy of Jonathan Prakash - Keller Williams Silicon Beach

 

01949460 

 

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Data last updated: 08/20/2019