Courtesy of: Francis Evanisko 01790747 | Evanisko Realty & Investment
Purchase Type: Sale
MLS ID: SR21101767CN
Days On Market: 42
Property Type: Residential Land
Property Subtype: Lots and Land
New Construction: No
Swimming Pool: No
Address: 570 N Normandie AVE
County: Los Angeles
City: Los Angeles
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.
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