148 S Normandie Avenue
Los Angeles, CA 90004
Listing broker / agent: Redfin Corporation · Sang Ur · CRMLS
MLS # PF26141841 · Last checked Oct 20, 2026 23:16 UTC
About this property
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!
Property details
- MLS number
- PF26141841
- Status
- Active
- Type
- Residential Income
- Subtype
- Duplex
- Lot size
- 0.1365 acres
- County
- Los Angeles
- Year built
- 1942
- Stories
- 2
More property detailsCollapse
Listing
- Days on market
- 10
Building
- Year built
- 1942
- Year built source
- Public Records
- Stories
- 2
- Building stories
- 2
- Levels
- Two
- Entry level
- 1
- Roof
- Tile
- Foundation
- See Remarks
Rooms & interior
- Rooms
- Other
- Heating
- See Remarks
- Cooling
- See Remarks
- Fireplace
- See Remarks
- Laundry
- See Remarks
Exterior & parking
- Total parking spaces
- 4
- Garage spaces
- 4
- Parking
- Garage
- Pool
- None
- Spa
- None
- Lot features
- Two To Five Units Acre
- Lot size source
- Assessor
- Fencing
- See Remarks
- Property outlook
- None
Utilities & community
- Water
- Public
- Sewer
- Public Sewer
- Utilities
- Electricity Available, Natural Gas Connected, Sewer Connected, See Remarks, Water Connected
- Community features
- Street Lights, Sidewalks
Fees & lease terms
- Association
- No
- Association fee
- $0.00
Nearby public schools
Nearby does not mean assigned. These are approximate straight-line distances from the property, not walking or driving routes. Confirm attendance boundaries, enrollment eligibility, grades and current school status directly with the district.
| School / district | Grades | Distance |
|---|---|---|
| Cahuenga Elementary (school website, opens in a new tab) Los Angeles Unified · Los Angeles | K–5 | 0.3 mi |
| Frank del Olmo Elementary (school website, opens in a new tab) Los Angeles Unified · Los Angeles | K–5 | 0.4 mi |
| Alexandria Avenue Elementary (school website, opens in a new tab) Los Angeles Unified · Los Angeles | K–5 | 0.5 mi |
| Harvard Elementary (school website, opens in a new tab) Los Angeles Unified · Los Angeles | K–5 | 0.5 mi |
| Charles H. Kim Elementary (school website, opens in a new tab) Los Angeles Unified · Los Angeles | K–5 | 0.5 mi |
| Virgil Middle (school website, opens in a new tab) Los Angeles Unified · Los Angeles | 6–8 | 0.5 mi |
| Rise Kohyang High (school website, opens in a new tab) Los Angeles Unified · Los Angeles | 9–12 | 0.6 mi |
| Camino Nuevo Charter Academy #2 (school website, opens in a new tab) Los Angeles Unified · Los Angeles | K–8 | 0.7 mi |
Source: California Department of Education · 2025-26 school locations. Downloaded Oct 2, 2026 UTC. This annual snapshot may not reflect later changes. Public schools only; not a complete list of education options. No ratings or attendance assignments are provided.
Check the California School Directory ↗Price and tax history
Asking price
- Current asking price
- $1,750,000
- MLS-reported original asking price
- $1,750,000
| Observed (UTC) | Asking price |
|---|---|
| Oct 2, 2026 05:31 | $1,750,000 |
MLS values are reported for this listing, not prior sales. Observation dates show when our importer saw an asking price, not when the MLS changed it. Up to 24 observations are retained; changes between refreshes may be missed. This is not a complete price or sales history.
Property taxes
Tax history is not available from the imported listing data.
Source: MLS feed. Only supplied tax years are shown, up to 10 years; this is not a county tax archive. Amounts may be corrected and taxes may change after purchase. Verify assessments and current taxes with the county. These values do not automatically fill the payment calculator.
Market trends in Los Angeles
Active residential homes for sale in Los Angeles, CA, available through this website's authorized feed. Includes residential subtypes; excludes rentals. Not the entire market or a valuation of this property.
Observed price activity · past 30 days
553 currently active listings have an observed price-change pair ending in this period. A listing can appear in both counts.
Calculated 2026-10-20 23:24 UTC. Source: this website's authorized MLS inventory. Import progress, freshness rules and coverage affect the figures. Medians exclude missing/invalid values; price per sq ft is the median of individual listing ratios. Price observations are limited to the last 24 per listing and may miss changes between refreshes. This is not a complete 30-day market report, historical inventory trend, appreciation measure, or sold-price analysis.
Payment calculator
Explore a fixed-rate loan scenario. The price comes from this listing; a 20% down payment and 30-year term are starting assumptions, not requirements. Enter your own interest rate—not APR—and estimated costs.
Illustration only—not a rate quote, preapproval, lending offer or affordability determination. Assumes equal monthly payments on a fully amortizing fixed-rate loan; no adjustable rates, interest-only periods or balloon payments. Excludes closing costs, utilities, maintenance, special assessments and other unentered costs. Actual payments and escrow can differ. Review a Loan Estimate with your lender.
Understanding homeownership costs — CFPB ↗