Prime Development Opportunity in Koreatown Adjacent R3 Zoning! Located in a rapidly developing area near Koreatown, this R3-zoned property sits on a spacious 7,505 sqft lot, making it an ideal candidate for redevelopment or a lucrative rental investment. Surrounded by large apartment complexes and offering easy access to major freeways, this location provides exceptional convenience and strong demand for housing. The property currently consists of three income-generating units: Unit #1: 4BR/2BA $3,200/month (Front Unit) Unit #2: 2BR/1BA $1,255/month (Second Floor) Unit #3: 1BR/1BA $1,890/month (First Floor). Additional features include two garages plus six additional parking spaces, providing ample parking options for tenants or future development plans. Totaling $6,345/month in rental income, this investment presents immediate cash flow while offering tremendous potential for future development. With ongoing city redevelopment efforts in nearby Hollywood and Koreatown, plus Metro expansion improving accessibility, this location is poised for continued growth. Don't miss this rare opportunity to capitalize on a prime LA property with endless possibilities! Buyer to verify all zoning and development potential.
Pending
$1,050,000
660 N Normandie Ave, Los Angeles, CA 90004
8beds
4baths
3,081sqft
Est.:
Multi Family
Built in 1922
-- sqft lot
$997,700 Zestimate®
$341/sqft
$-- HOA
What's special
- 121 days
- on Zillow |
- 174 |
- 4 |
Zillow last checked: 7 hours ago
Listing updated: July 01, 2025 at 09:46am
Listed by:
Paul Yoo DRE # 01274972 213-352-5050,
Keller Williams Larchmont 323-762-2600
Source: CLAW,MLS#: 25509591

Travel times
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 4
Bathroom
- Features: Low Flow Toilet(s)
Heating
- Natural Gas
Cooling
- Air Conditioning, Window Unit(s)
Appliances
- Included: Gas Cooktop, Dishwasher, Disposal, Washer, Refrigerator, Range/Oven, Dryer, Gas Water Heater, Central Water Heater
- Laundry: In Unit, Gas Dryer Hookup
Features
- Windows: Screens, Blinds
Interior area
- Total structure area: 3,081
- Total interior livable area: 3,081 sqft
Property
Parking
- Parking features: Garage
- Has garage: Yes
Features
- Levels: Two
- Pool features: Other
- Spa features: None
- Has view: Yes
- View description: Mountain(s), Tree Top
- Waterfront features: None
Lot
- Size: 7,505.39 Square Feet
- Features: City Lot
Details
- Additional structures: Other
- Parcel number: 5520003030
- Zoning: LAR3
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Contemporary
- Property subtype: Multi Family
Materials
- Stucco
- Roof: Composition,Shingle
Condition
- Year built: 1922
Utilities & green energy
- Sewer: In Street
- Water: Public
Community & HOA
Community
- Security: Other, T.V., Smoke Detector(s), Security Lights
Location
- Region: Los Angeles
Financial & listing details
- Price per square foot: $341/sqft
- Tax assessed value: $837,978
- Annual tax amount: $10,633
- Date on market: 3/11/2025
- Total actual rent: 76140
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