Los Angeles, CA 90027 1801 N Normandie Ave
$2,550,000
15 more
Presented By: Jason Tuvia with Marcus & Millichap
Home Details
We are pleased to present a large 11,389 square foot (SF) lot located at 1801 North Normandie Avenue in Los Feliz, California. The property is situated in between Hollywood Boulevard to the south and Franklin Avenue to the north. This offering is positioned on one (1) parcel totaling 11,389 square feet (SF) of land with a zoning ordinance of LAR3. This allows for fourteen units (14) units by-right. Additionally, this offering is granted ED1 eligibility, a recently passed program that allows an expedited process to 100% affordable developments. If used in conjunction with the State Density Bonus code 65915-65918, an ED1 project would have no maximum density, an allowance of three (3) additional stories and thirty-three (33) additional feet in height, and no parking requirement due to AB 2097. Five (5) additional concessions or incentives are granted under the State Density Bonus program. There is potential to stack these incentives with other programs such as TOC or the Los Angeles Density Bonus program, Buyer to verify. 1801 North Normandie currently has 5 units which offers a developer some income as they go through entitlements. The subject property is located in one of the best neighborhoods Los Angeles has to offer with quick access to the Hollywood Walk of Fame, Los Feliz Village, and Barnsdall Art Park. Tenants will enjoy having easy access to the -101 freeway and Hollywood Boulevard. Positioned in a prime Los Feliz location, this offering presents an excellent opportunity for an astute developer to capitalize on maximizing density and income with ED1 in a core market of Los Angeles.
Presented By: Jason Tuvia with Marcus & Millichap
Interior Features for 1801 N Normandie Ave
Bathrooms
1/4 Baths0
3/4 Baths0
Full Baths
Half Baths
Total Baths
Other Interior Features
Street SuffixAvenue
General for 1801 N Normandie Ave
Additional Parcels Y/NNo
CityLos Angeles
CountyLos Angeles
Days on Market8
DirectionsThe property is situated in between Hollywood Boulevard to the south and Franklin Avenue to the north.
HOA / Comm AssnNo
Land Lease Y/NNo
Lot Size Square Feet11393
Lot Size UnitsSquare Feet
MLS Area637 - Los Feliz
New ConstructionNo
Occupancy TypeTenant
PossessionClose Of Escrow
Property TypeLand
Senior Community Y/NNo
Standard StatusActive
StatusActive
ViewCity Lights, Hills, Landmark
View Y/NYes
ZoningLAR3
Exterior for 1801 N Normandie Ave
Lot FeaturesRectangular Lot, Value In Land
Lot Size Acres0.2615
Lot Size Area11393
Total Parking0
Additional Details
Price History
Stephen Pliaconis
Pliaconis Realty Group REALTOR® DRE 02015480