854 S Normandie Ave Active Save Request In-Person Tour Request Virtual Tour
Los Angeles,CA 90005
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID 24-447547
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 Mid-Wilshire
Zoning LAR4
Exterior
View Y/N No
View None
Others
Special Listing Condition Standard