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570 N Normandie Avenue, Los Angeles, CA 90004
$1,550,000
570 N Normandie Avenue, Los Angeles, CA 90004View this property at 570 N Normandie Avenue, Los Angeles, CA 90004
570 N Normandie AvenueLos AngelesCA90004
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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.
Full Property Details
Full Property Details for 570 N Normandie Ave
General
- Sold For: $1,550,000
- Status: Closed
- Type: Lots/Land
- MLS ID: SR21101767
- Added to Site: 1, 051 day(s) ago
Location
- Area: C16 - Mid Los Angeles
- County: Los Angeles
- Development Name: C16 - Mid Los Angeles
- Driving Directions: 101 Exit Normandie
- Dist. to Beach: DWP (Miles)
Utilities
- Water: Public
- Dist. to Water: DWP
Lot Features
- Property View: City Lights, Coastline, Hills, Mountain(s), Neighborhood
- Lot Size (Acres): 0.2066
- Lot Size (Sq. Ft.): 9,000
- Lot Size Source: Assessor
- Zoning: LAR3
- Lot Description: Sidewalks, Storm Drains, Street Lights, Urban
Financial Considerations
- Price Per Sq. Ft.: $172.22
Listed by Evanisko Realty & Investment, Francis Evanisko
Sold by Compass, Jesse Sanchez
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Schools
Schools serving 570 N Normandie Ave
School District:Los Angeles Unified School District
Rating | Name | Grades | Distance |
---|---|---|---|
4211 Oakwood Ave, Los Angeles, CA 90004 | K-5 | 0.2 mi | |
152 N Vermont Ave, Los Angeles, CA 90004 | 6-8 | 0.7 mi | |
1575 W 2nd St, Los Angeles, CA 90026 | 9-12 | 2.5 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 570 N Normandie Ave
Date
Details
Price
Change
Source
9/16/2021
Sold
$1,550,000
-6.06%
MLS
6/03/2021
Price Reduced
$1,650,000
-8.33%
MLS
5/12/2021
Listed
$1,800,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
570 N Normandie Avenue, Los Angeles, CA 90004 (MLS# SR21101767) is a Lots/Land property that was sold at $1,550,000 on September 16, 2021. Want to learn more about 570 N Normandie Avenue? Do you have questions about finding other Lots/Land real estate for sale in Wilshire? You can browse all Wilshire real estate or contact a Coldwell Banker agent to request more information.