854 S Normandie Avenue 5094018001
Los Angeles, CA, 90005
$4,650,000
Beds
0 Baths
SqFt
0.3 Acres
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854 S Normandie Avenue is an attractive development opportunity for a developer looking to build a new multi-family project in a well established apartment market with good demographics that are becoming stronger. The property allows for up to 90 affordable housing units by using AB 2334 state law which provide multiple bonus incentives for a 100% affordable housing project. Preliminary plans have been prepared for 90 affordable housing units using modular construction, which can reduce construction timelines by approximately 50%. It’s in an excellent Koreatown location just south of Wilshire Boulevard, nearby to abundant amenities. and is within blocks of Metro Rail Stations for the B line at Wilshire/Vermont, and D line at Wilshire/Western and Wilshire/Normandie
LISTING AGENT: David Ghermezian
LISTING BROKERAGE: Newmark Residential
854 S Normandie Avenue 5094018001
Los Angeles, CA

Property Details

Price:
$4,650,000
MLS #:
24447547
Status:
Active
Baths:
0
Address:
854 S Normandie Avenue 5094018001
Type:
Land
Neighborhood:
c17midwilshire
City:
Los Angeles
Listed Date:
Oct 1, 2024
State:
CA
ZIP:
90005
Lot Size:
13,239 sqft / 0.30 acres (approx)
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The Agency fully supports the Equal Housing Opportunity laws. The Agency IP Holdco, LLC and its parents, affiliates, subsidiaries, franchisees of its affiliates, and network partners make no representations, warranties, or guaranties as to the accuracy of the information contained herein, including square footage, lot size or other information concerning the condition, suitability or features of the property. All material is intended for informational purposes only and has been obtained from public records, MLS, or other sources believed to be reliable, but not verified. All prospective buyers should conduct a careful, independent investigation of the information and property, and consult with appropriate professionals, such as appraisers, architects, civil engineers, etc. CalDRE #01904054

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