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    4716 S Normandie Ave

    Los Angeles, CA 90037
    • $1,850,000
    • STATUS: Active
    • ON SITE: 28 days
    • ID#: 20-588500
    UPDATED: 47 min ago
    $1,850,000
    • 0
      BEDS
    • 0.11
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Vacant Land / Lots
    County:

    School Ratings & Info

    Description

    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.

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-07-15T07:42:21.147. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
    www.randyplaice.com/homes/106894086
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    4716 S Normandie Ave Los Angeles, CA 90037

    • Price: $1,850,000
    • Status: Active
    • Updated: 47 min ago
    • ID#: 20-588500
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.11
    Acres
    Neighborhood:
    Los Angeles Southwest
    County:
    Los Angeles
    Area:
    Los Angeles Southwest
    Property Description
    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.
    Exterior Features

    Lot Size Area 11014 View Description City View YN Yes

    Property Features

    Cable YN No Potential Usage Multi-Family. Mixed Use. Retail. Present Use Car Sales. Sale Type Standard Source Lot Size Area Other Zoning Lac2

    Listing provided courtesy of Jonathan Prakash DRE#01483131 of Keller Williams Silicon Beach.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-07-15T07:42:21.147. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
     
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    Randy Plaice and Associates | RE/MAX
    27720 Dickason Drive
    Valencia CA, 91355