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148 S Normandie Avenue, Los Angeles, CA 90004

$1,750,000 Approx. USD 0 beds, 0 baths

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Berkshire Hathaway HomeServices California Properties 11828 Rancho Bernardo Rd, Ste 210
San Diego, CA 92128 888-995-7575

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Listing Agent

Sang Ur | sang.ur@redfin.com
Lic#: 01474940
Broker: Courtesy of Redfin Corporation
Phone: 2139256391

Co Listing Agent

Anita Richards | anita.richards@redfin.com
Lic#: 02095888
Broker: Courtesy of Redfin Corporation

Agent Remarks

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!

Listing Details

Property type: Duplex (Multi-Family)

Status: Active

MLS# PF26141841

Price: $1,750,000

HOA Fee is $0.00

Beds: 0

Baths: 0

See Remarks fireplaces

Built in 1942

2 stories

0.14 acres

Lot size: 0.1365

County: Los Angeles

Parking description: Garage

Lot description: TwoToFiveUnitsAcre

Heating/cooling: See Remarks

Heating description: See Remarks

MLS area: C17 - Mid-Wilshire

Last Updated: 7/11/2026

Days On Market (DOM): 23

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This listing belongs to the C17 - Mid-Wilshire MLS area

Lat/Long: 34.071346, -118.300077.
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Source: CRM. Also Available in PF26151135,

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