Listed by Myunits.com, Myunits.com Inc.
$849,000
1127 N Normandie Ave
Details
APN 5537017018
Property Type Land
Sub Type Lots/Land
Units 3
Tenancy Vacant
Price per SqFt $187
Acreage 0.123
Zoning LARD1.5
Investment Type Redevelopment
Land | 0.123 acres
Marketing description
1127 N Normandie Ave is a prime development opportunity adjacent to Silver Lake, one of LAs most sought-after Eastside neighborhoods. Situated on a 5,352 SF flat lot within an Opportunity Zone and not subject to rent control, this asset offers significant upside for developers and investors alike. The property is currently improved with a vacant SFR, allowing for a streamlined development process with no tenant relocations required. Zoned LARD1.5, the site offers by-right development potential in a high-demand rental market where new construction commands premium rents. Centrally located near major employment hubs including Kaiser Permanente, Netflix, Paramount Studios, and the Hollywood Media District, the property attracts a strong tenant base of young professionals and students. Residents will enjoy a highly walkable location near top dining, coffee, and retail, along with easy access to the Vermont/Sunset Metro and surrounding hubs like Silver Lake, Los Feliz, and Hollywood. With limited inventory and continued rental demand in this submarket, 1127 N Normandie presents a compelling opportunity to develop in a proven, high-growth location.
Investment highlights
- No rent control on the future project!
- Opportunity Zone, major tax benefits (consult CPA).
- Large (5,352 SF) flat lot, ideal for a new construction project.
- Vacant SFR currently on lot. No relocations needed! New construction in this neighborhood commands premium rents and high resale value.
- LARD1.5 zoning
- Prime East Hollywood location, nearby Go Get Em Tiger, Square One, HomeState, and the Vermont/Sunset Metro Station. Barnsdall Art Park, Griffith Park, and Silver Lake’s Sunset Junction just minutes away.
- High-demand rental market, attracting medical professionals from Kaiser Permanente, students and faculty from LA City College, and young professionals working in Hollywood, Netflix, and nearby tech and entertainment hubs.
Listing Contacts
Listed by Myunits.com, Myunits.com Inc.
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