Vacant Land $ 2,000,000

6617 S Normandie AVE

Los Angeles, CA 90044

  • 0.48 Lot Size
  • - Year Built
Presenting 6601-6617 S Normandie Avenue, an expansive land spanning a full city block from 66th Street to 67th Street, with a total square footage of 20,817 square feet of commercially zoned land (C2-1VL-CPIO). This land opportunity opens the door to various development options, from retail commercial ventures to a multifamily development.

Determining the highest and best use of this property is subjective and will vary for each potential buyer. Nevertheless, this unique property stands out as a one-of-a-kind development opportunity at the core of South Los Angeles. Assembling a property of these many parcels is exceptionally rare, and saves a tremendous amount of time and resources for an investor. Its substantial size eliminates hurdles often associated with demolishing and replacing old units, especially in the current complex political climate for new developments in Los Angeles. This unique opportunity allows developers to take advantage of newly proposed density bills, enhancing the potential for additional doors and major rentable upside. Situated amidst R1 single-family lots to the rear and facing a main thoroughfare with great visibility, this lot benefits from a welcoming neighborhood ambiance, contributing to its overall appeal.
Listed by Christopher Martinez Diaz of Vinco Vinco Realty & Investments Inc

PROPERTY DETAIL

  • Key Details

    Property Type Vacant Land

    Listing Status Active

    Purchase Type For Sale

    MLS Listing ID SR25102197

    HOA Y/N No

    Lot Size 0.478 Acres

  • Location

    State CA

    County Los Angeles

    Area C34 - Los Angeles Southwest

    Zoning LAC2

  • Building

    Lot Description 36-40 Units/Acre, Corner Lot

    Water Public

    New Construction No

  • Interior

    Fireplace No

  • Exterior

    Community Features Storm Drain(s), Street Lights, Sidewalks, Urban

    Utilities Available Electricity Available

    View Y/N Yes

    View City Lights, Neighborhood

  • Others

    Senior Community No

    Tax ID 6015016004

    Acceptable Financing Cash, 1031 Exchange

    Listing Terms Cash, 1031 Exchange

    Special Listing Condition Standard

CONTACT

Christopher Martinez Diaz
Christopher Martinez Diaz

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