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148 S Normandie Avenue Los Angeles, CA $ 1,750,000
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$ 1,750,000 Get more info
148 S Normandie Avenue
$ 1,750,000
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148 S Normandie Avenue

Los Angeles, CA, 90004
$ 1,750,000
Baths1.0 Sq 3,559

Monthly Estimate*

$ 11,050

Listed by Redfin Corporation
148 S Normandie Avenue, Los Angeles, CA 90004 - Image 1
148 S Normandie Avenue, Los Angeles, CA 90004 - Image 2
148 S Normandie Avenue, Los Angeles, CA 90004 - Image 3
148 S Normandie Avenue, Los Angeles, CA 90004 - Image 4
148 S Normandie Avenue, Los Angeles, CA 90004 - Image 5
148 S Normandie Avenue, Los Angeles, CA 90004 - Image 6
148 S Normandie Avenue, Los Angeles, CA 90004 - Image 7
148 S Normandie Avenue, Los Angeles, CA 90004 - Image 8
148 S Normandie Avenue, Los Angeles, CA 90004 - Image 9
148 S Normandie Avenue, Los Angeles, CA 90004 - Image 10
148 S Normandie Avenue, Los Angeles, CA 90004 - Image 11
148 S Normandie Avenue, Los Angeles, CA 90004 - Image 12
148 S Normandie Avenue, Los Angeles, CA 90004 - Image 13
148 S Normandie Avenue, Los Angeles, CA 90004 - Image 14
148 S Normandie Avenue, Los Angeles, CA 90004 - Image 15
Studio

Multi-Family Home for sale in Los Angeles, CA

for $1,750,000 with 1 full bath. This 3,559 square foot home was built in 1942 on a lot size of 0.1365.

Prime Koreatown Covered Land Play & Value-Add Opportunity! This exceptional site features high-density LAR4 zoning with a TOC Tier 2 designation, unlocking massive density bonuses, increased FAR, and reduced parking requirements for a future luxury residential complex. Positioned within an official Qualified Opportunity Zone (QOZ), the property offers incoming investors substantial tax incentives and capital gains deferrals. Located in the highly desirable Wilshire Center/Koreatown submarket (90004), 148 S Normandie Ave is situated on a prime ±5,944 sq. ft. corner lot, perfectly pairing stable immediate cash flow with massive development upside. Operational flexibility with the current tenants are on Month-to-Month leases, delivering a frictionless path for a developer looking to break ground or a value-add buyer looking to immediately capture true market-rate stabilization. Owner overhead is kept low, as all units are individually metered for electricity and gas, strictly limiting utility exposure. Do not miss this secure, low-overhead wealth preservation vehicle in one of Los Angeles' most supply-constrained rental markets!

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Multi-Family Active

Price

$ 1,750,000

Bedrooms

Studio

Full Bath

1

Property Type

Multi-Family

Taxes

$ 0

Style

Lot Size

0.1365

Year Built

1942

Town/City

Los Angeles

County/Region

Los Angeles

MLS | Web ID

PF26141841

Days on Market

2
Features
General
Sewer Public Sewer
Heating See Remarks
Cooling See Remarks
Utilities Electricity Available Natural Gas Connected Sewer Connected See Remarks Water Connected
Roof Tile
HOA Fee 0
Garage Spaces 4
Pool Features None
Year Built 1942
View None
Stories Count 2
Levels Two
Property Subtype Duplex
Gross Income 99492
Community Features Street Lights Sidewalks
County Los Angeles
Net Operating Income 64000
Operating Expense 35700
Insurance Expense 2500
New Construction false
Property Type Residential Income
HOA false
Contingency Please submit all offers to sang.ur@redfin.com. Offers are subject to interior inspection. Interior access will be granted after offer acceptance contingent upon the buyer's walkthrough and approval. Please do not walk the property or contact the tenants. Showings will be arranged after an offer has been submitted. The property is being sold "As-Is." Buyers to verify all zoning TOC tier density bonuses and OQZ tax benefits independently with the city and their CPA. Financial report and marketing package are available upon request
MaintenanceExpense 3000
Garage Y/N true
Special Listing Conditions Standard
Status Active
Directions On Normandie Ave north of 3rd St and South of Beverly Blvd
City Los Angeles
Entry Location 1
Senior Community Y/N false
Number Of Units Total 4
MLS Area C17 - Mid-Wilshire
Lot Size Units Square Feet
Lot Size Square Feet 5944
Listing Terms Cash Conventional Submit
Spa Features None
Property Attached Y/N false
Land Lease Y/N false
Electric Expense 1
Fuel Expense 1
Trash Expense 5500
Water Sewer Expense 5500
Additional Parcels Y/N false
Rent Control Y/N true
Building Area Units Square Feet
Standard Status Active
Year Built Source Public Records
Tax Lot 1
Property Sub Type Additional Duplex
Taxes 18000
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Interior
Fireplace Features See Remarks
Total Stories 2
Common Walls No Common Walls
Air Conditioning Y/N true
Heating Y/N true
Fireplace Y/N true
Laundry Features See Remarks
Entry Level 1
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Exterior
Fencing See Remarks
Parking Features Garage
Lot Features 2-5 Units/Acre
Water Source Public
Total Parking 4
Lot Size Area 5944
Foundation Details See Remarks
Number of Buildings 2
Spa false
Building Area Total 3559
Lot Size Acres 0.1365
Private Pool false
Lot Size Source Assessor
Number of Separate Water Meters 1
Number of Separate Gas Meters 4
Number of Separate Electric Meters 4
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* Excluded Features
List By
Redfin Corporation

Broker

sang.ur@redfin.com

Email

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$11,050
Per Month
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Monthly Principal & Interest
$11,050
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Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4827338 Elementary School
4827337 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
6/30/2026$1,750,000 Listed Price

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148 S Normandie Avenue, Los Angeles, CA, 90004 is a Multi-Family Home for sale at $1,750,000 with 3,559 sqft and a lot size of 0.1365. 148 S Normandie Avenue is a studio with 1.0 baths and was built in 1942. The property's zip code is 90004 which is in Los Angeles, CA

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