20320 Normandie Avenue
$3,500,000
26,852 / 0.62
Description
Nestled amidst the vibrant commercial nexus of Los Angeles County, this expansive parcel of land spanning 26,852 square feet presents a rare and refined opportunity. Situated in proximity to thriving offices, major freeways, and an expansive shopping center, its location embodies prime real estate desirability. What sets this offering apart is its remarkable potential for Residential Development. With the capacity to erect 31 units of market-rate housing as of right, or ingeniously leverage density...Nestled amidst the vibrant commercial nexus of Los Angeles County, this expansive parcel of land spanning 26,852 square feet presents a rare and refined opportunity. Situated in proximity to thriving offices, major freeways, and an expansive shopping center, its location embodies prime real estate desirability. What sets this offering apart is its remarkable potential for Residential Development. With the capacity to erect 31 units of market-rate housing as of right, or ingeniously leverage density bonuses to expand the project to a lavish 47 units, including provisions for affordable housing, the prospects for a lucrative return on investment are undeniable. Noteworthy are recent exemplars of success in the vicinity, such as the esteemed townhome communities along Western Avenue by Schiappa Homes and in North Torrance on 182nd Street by Lennar. In these developments and surrounding locales like Gardena & Harbor City, discerning buyers have eagerly embraced sophisticated living spaces, driving sales figures well beyond the $800,000 mark. Furthermore, the predominantly flat terrain of this parcel not only simplifies development logistics but also enhances the allure of investment potential. For those with a keen eye for opportunity and a penchant for sophisticated ventures, this offering beckons as a beacon of potential prosperity. For further insights into this distinguished opportunity, we invite you to engage with us at your earliest convenience.
- Listed by Amie Shepard • DRE #01882892 • Brokerage DRE #01948605 • West Shores Realty, Inc. • 310-686-4544
Property Details for 20320 Normandie Avenue
View
Neighborhood
Lot Size SourceAssessor
Assessor Parcel Number7350-014-053
New ConstructionNo
PoolNo
ViewYes
AssociationNo
Association Fee$.00
LISTING UPDATED: 11/19/2024 09:18 PM
Property Details for 20320 Normandie Avenue
Status | Active |
---|---|
MLS # | SB24115401 |
Days on Market | 186 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Land |
MLS Type | Lot/Land |
Year Built | - |
Lot Size | 0.62 AC |
County | Los Angeles County |
Building Information for 20320 Normandie Avenue
Lot Size0.62 AC
Property Information for 20320 Normandie Avenue
Property History for 20320 Normandie Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 20320 Normandie Avenue
Taxable ValueLand$267,940Additions-Total$267,940
Tax Record2024$3,681 ($307 / month)
Home Facts
Lot Size5,989 SqFtStyleCommercialYear Built1982ZoningLCC3*CountyLOS ANGELESAPN7350-014-053
Schools near 20320 Normandie Avenue
This home is within Los Angeles Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 6 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Charter - | 9 to 12 |
Rating | School | Distance |
---|---|---|
Van Deene Avenue Elementary School PublicK to 6 | ||
Stephen M. White Middle School Public6 to 8 | ||
Nathaniel Narbonne Senior High School Public9 to 12 | ||
New Millennium Secondary Charter9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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