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    570 N Normandie Avenue

    Los Angeles (City), CA 90004
    • $1,650,000
    • STATUS: Active
    • ON SITE: 38 days
    • ID#: SR21101767
    UPDATED: 81 min ago
    $1,650,000
    • 0
      BEDS
    • 0.21
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Vacant Land / Lots
    County:

    School Ratings & Info

    Description

    Evanisko is pleased to offer for sale this extremely rare multifamily zoned lot. The property is well aligned for new multifamily development due to a slew of advantageous factors. This is not an RTI project. The concept conveyed (in collaboration with Aaron Brumer and Assoc., Architects) takes advantage of an approximate 9 grade differential by placing the garage entrance at the lowest point. Without leveraging TOC height increase, 18 units could still potentially average +/ 800 SF.Reasons why this is one of the most compelling single lot development sites we've come across:1. Uncommonly large size for a single lot. .almost like a very small double lot in size.2. Raised corner site. Project ingress/egress, views, and project visibility are all maximized.3. R3-1. Perhaps the most attractive multifamily zone. 4. Transit Oriented. Tier 1. 5. Located in the Opportunity Zone.6. Non RSO. No recognized historic potential.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-06-20T11:32:44.81. 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 deemed reliable but is not guaranteed accurate by the MLS or Twiss Realty. Licensed in the State of California, USA.
    www.twissrealty.com/homes/117113696
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    570 N Normandie Avenue Los Angeles (City), CA 90004

    • Price: $1,650,000
    • Status: Active
    • Updated: 81 min ago
    • ID#: SR21101767
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.21
    Acres
    Neighborhood:
    C16 - Mid Los Angeles
    County:
    Los Angeles
    Area:
    C16 - Mid Los Angeles
    Property Description
    Evanisko is pleased to offer for sale this extremely rare multifamily zoned lot. The property is well aligned for new multifamily development due to a slew of advantageous factors. This is not an RTI project. The concept conveyed (in collaboration with Aaron Brumer and Assoc., Architects) takes advantage of an approximate 9 grade differential by placing the garage entrance at the lowest point. Without leveraging TOC height increase, 18 units could still potentially average +/ 800 SF.Reasons why this is one of the most compelling single lot development sites we've come across:1. Uncommonly large size for a single lot. .almost like a very small double lot in size.2. Raised corner site. Project ingress/egress, views, and project visibility are all maximized.3. R3-1. Perhaps the most attractive multifamily zone. 4. Transit Oriented. Tier 1. 5. Located in the Opportunity Zone.6. Non RSO. No recognized historic potential.
    Exterior Features

    Lot Features 0-1 Unit/Acre16-20 Units/Acre11-15 Units/Acre2-5 Units/Acre21-25 Units/Acre26-30 Units/Acre36-40 Units/Acre31-35 Units/Acre6-10 Units/AcreCorner LotRectangular LotTear Down View City LightsCoastlineHillsMountain(S)Neighborhood View YN Yes

    Property Features

    Additional Parcels YN No Association Fee 0 Association YN No Common Interest None Community Features Storm Drain(S)Street LightsSidewalksUrban Land Lease YN No Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash To New Loan1031 Exchange New Construction YN No Senior Community YN No Special Listing Conditions Standard Water Source Public Zoning Lar3

    Listing provided courtesy of Francis Evanisko of Evanisko Realty & Investment


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-06-20T11:32:44.81. 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 deemed reliable but is not guaranteed accurate by the MLS or Twiss Realty. Licensed in the State of California, USA.
     
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