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$1,750,000

  • For Sale
  • Active
  • Multi-Family
  • Updated 5 days ago
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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!

Full Property Details for 148 S Normandie Ave

General

  • Price: $1,750,000
  • Status: Active
  • Type: Multi-Family
  • Source: MRMLS
  • MLS ID: PF26141841
  • Updated: 7/1/2026
  • Days on Market: 7 days
  • Added to Site: 7 day(s) ago

Interior

  • Rooms/Areas: See Remarks
  • Fireplace(s): See Remarks

Rooms

Other Rooms

  • Laundry: See Remarks

Additional Information

  • Pool Description: None
  • Spa Description: None

Parking

  • Garage Spaces: 4
  • Parking Features: Garage
  • Parking: Garage

Location

  • Area: C17 - Mid-Wilshire
  • County: Los Angeles
  • Development Name: C17 - Mid-Wilshire
  • Driving Directions: On Normandie Ave, north of 3rd St and South of Beverly Blvd

Heating & Cooling

  • Cooling Type: See Remarks
  • Heating Type: See Remarks

Utilities

  • Sewer: Public Sewer
  • Water: Public
  • # Water Meters: 1
  • # Gas Meters: 4
  • # Electric Meters: 4

Structural Information

  • Foundation: See Remarks
  • Roof: Tile
  • Entry Location: 1
  • Stories/Levels: Two
  • Stories Description: Two
  • Square Feet: 3,559
  • Year Built: 1942

Unit Information

Unit 1

  • Number of Units: 1
  • Total Bathrooms: 1
  • Bedrooms: 1

Unit 2

  • Number of Units: 1
  • Total Bathrooms: 1
  • Bedrooms: 1

Unit 3

  • Number of Units: 1
  • Total Bathrooms: 1
  • Bedrooms: 1

Unit 4

  • Number of Units: 1
  • Total Bathrooms: 3
  • Bedrooms: 4

Lot Features

  • Property View: None
  • Lot Size (Acres): 0.1365
  • Lot Size (Sq. Ft.): 5,944
  • Lot Size Source: Assessor
  • Lot Description: 2-5 Units/Acre

Financial Considerations

  • Price Per Sq. Ft.: $491.71
  • Price Per Unit: 437500

Listed by Redfin Corporation, Sang Ur and Redfin Corporation, Anita Richards

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Listing agents

— 148 S Normandie Ave —

  • Sang Ur

    Redfin Corporation

  • Anita Richards

    Redfin Corporation

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 148 S Normandie Ave

School District:Los Angeles Unified School District
NameGradesDistance
Cahuenga Elementary School
220 South Hobart Boulevard, Los Angeles, CA 90004
K-50.3 mi
Virgil Middle School
152 North Vermont Avenue, Los Angeles, CA 90004
6-80.6 mi
Belmont Senior High School
1575 West 2nd Street, Los Angeles, CA 90026
9-122.2 mi
Miguel Contreras Learning Complex School
322 Lucas Avenue, Los Angeles, CA 90017
9-122.4 mi
Contreras Learning Center-Los Angeles School Of Global Studies
322 Lucas Avenue, Los Angeles, CA 90017
9-122.4 mi
Contreras Learning Center-School Of Social Justice
322 Lucas Avenue, Los Angeles, CA 90017
9-122.4 mi
Academic Leadership Community School
322 Lucas Avenue, Los Angeles, CA 90017
9-122.4 mi
Edward R. Roybal Learning Center
1200 Colton Street, Los Angeles, CA 90026
9-122.7 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 148 S Normandie Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
6/30/2026
Listed
$1,750,000
14.16%
MLS
12/15/2021
Sold
$1,533,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 148 S Normandie Ave

Year
Property Taxes
Change
Tax Assessment
Change
2025
$19,927
3%
$1,626,830
4%
2023
$19,307
5%
$1,563,660
2%
2022
$18,417
271%
$1,533,000
305%
2021
$4,966
-1%
$378,309
1%
2020
$5,009
4%
$374,431
2%
2019
$4,827
2%
$367,091
2%
2018
$4,737
2%
$359,894
2%
2017
$4,643
3%
$352,838
2%
2016
$4,503
1%
$345,921
2%
2015
$4,441
-1%
$340,725
2%
2014
$4,483
—
$334,052
—
2013
$4,477
—
$332,543
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost for 148 S Normandie Ave

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*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Listed by Redfin Corporation, Sang Ur and Redfin Corporation, Anita Richards

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148 S Normandie Avenue, Los Angeles, CA 90004 (MLS# PF26141841) is a Multi-Family property with 4 units containing 0 bedrooms and 0 full bathrooms. 148 S Normandie Avenue is currently listed for $1,750,000 and was received on June 30, 2026. Want to learn more about 148 S Normandie Avenue? Do you have questions about finding other Multi-Family real estate for sale in Mid-Wilshire? You can browse all Mid-Wilshire real estate or contact a Coldwell Banker agent to request more information.

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