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7 Beds
6 Baths
3,559 sqft

$1,750,000

148 S Normandie Avenue, Los Angeles CA, 90004

Price per sqft$491.71
Built in1942
Property size3,559 sqft
Property typeMulti-family
Listed by Sang Ur CA DRE# 01474940 with Redfin Corporation 2139256391

Overview

Active

Listed Jul 10, 2026

Updated Aug 25

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!

$11,643/mo

Est. mortgage payment based on a $1,750,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
PF26151135

Interior Features

Bedrooms
7
Bathrooms
6
Fireplace
Yes
Cooling
Yes
Basement
No

Exterior Features

Lot Size
0.14 Acres

Other Property Details

Garage
Yes
55+/Senior Community
No
MLS provider logo

Listed by Sang Ur CA DRE# 01474940 with Redfin Corporation 2139256391

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 8/25/2026. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

©2026 California Regional Multiple Listing Service (CRMLS) all rights reserved.

Data last updated on 8/25/2026 at 1:37 AM UTC Last Checked: 1:37 AM UTC

 

 

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