854 S Normandie Avenue, Los Angeles CA, 90005

Active

854 S Normandie Avenue

Los Angeles CA, 90005

$4,650,000

$351.23 per sqft

Active

0.3 Acres

Land

Listed by David Ghermezian with Newmark Residential 310-407-6573

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

24447547

MLSⓇ ID

October 1, 2024

Listed

December 5, 2024

Updated

Map

854 S Normandie Avenue
Los Angeles CA, 90005

Exterior/Building Features

Lot Size: 0.3 Acres

Other Property Details

Area Name: C17 - Mid-Wilshire
Days on Market: 64
Garage: No
Parking Total: 0
View: No
View Description: None
County: Los Angeles
Pool: No
Zoning: LAR4

Listing Contact: 310-528-5565

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 12/5/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

Data last updated on 12/5/2024 at 6:22 AM UTC