Downtown Los Angeles Redevelopment Opportunity

$2,800,000

1238 Normandie Avenue, Los Angeles, CA 90006

For Sale

Land

Active

Last Updated: 01/07/2025

Details:

Lot Area: 0.407 acres

Offered by

Jonathan Cuticelli

Managing Director

Hilco Real Estate

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Highlights:

Previously slated for a 5-story, 75-unit multifamily development
Heavily traveled area of W. Pico Blvd. & S. Normandie
Easy access to two major interstates (I-10 & I-110)

Description:

These three contiguous parcels, totaling 0.41± acres, are exceptionally located right off W. Pico Blvd, on the edge of Koreatown. The area is currently undergoing rapid growth and development. Investors have an incredible opportunity to acquire nearly half an acre in a downtown Los Angeles neighborhood poised for growth. The zoning allows for development of a mid-rise multifamily housing project. Previous ownership proposed a 100% affordable housing project consisting of a 5-story, e levator-served building with 75 residential units.

Los Angeles