About 148 S Normandie Avenue
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!
Features of 148 S Normandie Avenue
| MLS® # | PF26141841 |
|---|---|
| Price | $1,750,000 |
| Bedrooms | 7 |
| Bathrooms | 6.00 |
| Lot Size | 5,944 |
| Year Built | 1942 |
| Type | Residential Income |
| Sub-Type | Duplex |
| Status | Active |
| # Of Units | 4 |
Community Information
| Address | 148 S Normandie Avenue |
|---|---|
| Area | C17 - Mid-Wilshire |
| City | Los Angeles |
| County | Los Angeles |
| Zip Code | 90004 |
Amenities
| Utilities | Electricity Available, Natural Gas Connected, Sewer Connected, Water Connected, See Remarks |
|---|---|
| Parking Spaces | 4 |
| Parking | Garage |
| # of Garages | 4 |
| Garages | Garage |
| View | None |
| Is Waterfront | No |
| Has Pool | No |
| Pool | None |
Interior
| Heating | See Remarks |
|---|---|
| Cooling | See Remarks |
| Has Basement | No |
| Fireplace | Yes |
| Fireplaces | See Remarks |
| # of Stories | 2 |
| Stories | Two |
Exterior
| Lot Description | TwoToFiveUnitsAcre |
|---|---|
| Roof | Tile |
| Foundation | See Remarks |
Additional Information
| Date Listed | June 30th, 2026 |
|---|---|
| Days on Market | 10 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Agent | Sang Ur |
|---|---|
| Office | Redfin Corporation |