CA > Los Angeles
Los Angeles, CA 90005,854 S Normandie AVE
Los Angeles, CA 90005,854 S Normandie AVE
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$4,650,000
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0.3 Acres Lot
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854 S Normandie AVE Los Angeles, CA 90005

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Brent Cate

Brent Cate

+1(559) 304-6188

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Key Details

Property Type Vacant Land

Listing Status Active

Purchase Type For Sale

MLS Listing ID 24447547

HOA Y/N No

Lot Size 0.304 Acres

Property Description

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

Location

State CA

County Los Angeles

Area C17 - Mid-Wilshire

Zoning LAR4

Interior

Fireplace No

Exterior

View Y/N No

View None

Building

New Construction No

Others

Senior Community No

Tax ID 5094018001

Special Listing Condition Standard

CRMLS – RECore
Listed by David Ghermezian Newmark Residential

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Brent Cate

Brent Cate

License ID: 01482878

+1(559) 304-6188

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854 S Normandie AVE

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