854 S Normandie Avenue, Los Angeles, CA 90005
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Listed Price :
$4,650,000
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Beds :
N/A
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Baths :
-
Property Size :
N/A sqft
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
Interior Features
| Bedroom Information |
| Bedrooms |
N/A |
Listing Information
| Address |
854 S Normandie Avenue |
| City |
Los Angeles |
| State |
CA |
| Zip |
90005 |
| County |
Los Angeles |
| Listing Agent |
David Ghermezian DRE #01084422 |
| Courtesy Of |
Newmark Residential |
| List Price |
$4,650,000 |
| Status |
Active |
| Type |
Land |
| Structure Size |
N/A |
| Lot Size |
13,239 |
Listing information courtesy of: David Ghermezian, Newmark Residential. *Based on information from the Association of REALTORS/Multiple Listing as of Oct 9th, 2024 at 2:25 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
