Description
We are pleased to present this Development Opportunity in the Vermont Square neighborhood located at 4712 and 4716 S Normandie Ave. LA, CA 90037. The site consists of two parcels (APN #5017-004-003 & APN #5017-004-025) that are currently being used as a Car Dealership. There is one structure on the parcels that is approximately 750 SF. However; both parcels can be delivered vacant upon sale or with a Sale Leaseback.Both parcels consist of a total 11,014 Lot SF zoned C2-1VL with about 90 feet of frontage on Normandie Ave. Also, the Opportunity is located in a Tier 2 Transit Oriented Community and is situated in a Community Plan Implementation Overlay for South LA. This is a fantastic opportunity to develop in one of Los Angeles's up and coming communities. An Investor could take advantage of these programs to increase the number of buildable units through density bonuses at the Site as well as look at a 100% Affordable Housing Project which would significantly reduce parking costs.
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School Ratings & Info
Description
We are pleased to present this Development Opportunity in the Vermont Square neighborhood located at 4712 and 4716 S Normandie Ave. LA, CA 90037. The site consists of two parcels (APN #5017-004-003 & APN #5017-004-025) that are currently being used as a Car Dealership. There is one structure on the parcels that is approximately 750 SF. However; both parcels can be delivered vacant upon sale or with a Sale Leaseback.Both parcels consist of a total 11,014 Lot SF zoned C2-1VL with about 90 feet of frontage on Normandie Ave. Also, the Opportunity is located in a Tier 2 Transit Oriented Community and is situated in a Community Plan Implementation Overlay for South LA. This is a fantastic opportunity to develop in one of Los Angeles's up and coming communities. An Investor could take advantage of these programs to increase the number of buildable units through density bonuses at the Site as well as look at a 100% Affordable Housing Project which would significantly reduce parking costs.
Based on information from California Regional Multiple Listing Service, Inc. as of 2021-01-17T17:26:49.98. 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 The Marelly Group | Compass. Licensed in the State of California, USA.