CA > Los Angeles
Los Angeles, CA 90005,854 S Normandie Ave
Los Angeles, CA 90005,854 S Normandie Ave
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Max Lee

Max Lee

+1(213) 434-2433
$ 4,650,000
Est. payment | /mo

0.3 Acres Lot

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$ 4,650,000
Est. payment | /mo
Save

0.3 Acres Lot

Key Details

Property Type Vacant Land

Listing Status Active

Purchase Type For Sale

MLS Listing ID 24-447547

Lot Size 0.304 Acres

Acres 0.304

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 Mid-Wilshire

Zoning LAR4

Exterior

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Special Listing Condition Standard

TheMLS (CLAW)
The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2025 The MLSTM/CLAW. All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by Newmark Residential
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"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(213) 434-2433

[email protected]

California, 91214-1304, USA

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854 S Normandie Ave