Active
854 S Normandie Ave
Los Angeles CA, 90005
$4,650,000
$351.23 per sqft
Active
0.3 Acres
Land
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
24-447547
MLSⓇ ID
October 1, 2024
Listed
November 22, 2024
Updated
Map
854 S Normandie Ave
Los Angeles CA, 90005
Exterior/Building Features
Lot Size
0.3 Acres
Other Property Details
Area Name
Mid-Wilshire
Days on Market
8
Garage
No
View
No
View Description
None
County
Los Angeles
Pool
No
Zoning
LAR4
Listed by David Ghermezian with Newmark Residential
Listing Contact: 310-407-6573
Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor Arthur Kumasian | CA DRE# 02209416 shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
©2024 Combined L.A./Westside MLS. All rights reserved.
Data last updated 11/22/2024
