148 S Normandie Ave, Los Angeles, CA, 90004
About This Home
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!
Getting Around
Walker's Paradise
Excellent Transit
BikeableSchools
Construction
Condition
- Year built: 1942
Type & Style
- Home type: MultiFamily
- Property subType: Quadruplex
Interior
Appliances
- Laundry features: See Remarks
Bedrooms & Bathrooms
- Bedrooms: 7
- Bathrooms: 6
- Full bathrooms: 6
- Main level bathrooms: 5
- Main level bedrooms: 8
Cooling
- Cooling features: See Remarks
Features
- Fireplace features: See Remarks
- Fireplace: Yes
- Common walls with other units/homes: No Common Walls
Interior Area
- Total interior livable area: 3,559 sqft
Property
Details
- Parcel number: 5518006007
- Special condition: Standard
Features
- Levels: Two
- Stories: 2
- Entry location: 1
- Pool features: None
Lot
- Lot size: 5,944 sqft
- Features: 2-5 Units/Acre
Parking
- Total spaces: 4
- Parking features: Garage
- Has garage: Yes
- Attached garage spaces: 4
- Covered spaces: 4
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Earthquake
- Heat Wave
- Wildfire
How This Home’s Risks Compare
FEMA Declared Disasters in Los Angeles County and California
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $8,848 | $106,176 |
| Home Insurance * | $413 | $4,956 |
| Property Taxes | $1,771 | $21,252 |
| Electricity | $763 | $9,158 |
| Total | $11,795 | $141,540 |
Income You'd Need if You Spent...
California FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-06-30 | Listed for sale | $1,750,000 |
| 2021-12-29 | Sold | $1,533,000 |
| 2021-10-28 | Contingent | $1,638,888 |
| 2021-08-18 | Listed for sale | $1,638,888 |
| 2012-02-06 | Sold | $732,000 |
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