854 S Normandie Avenue

Los Angeles, CA 90005

  • 0 Sqft
  • 13239
    Sqft(Lot)
$4,650,000

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

  • Property Type

    Land

  • County

    Los Angeles

  • Style

    Land

  • AD ID

    47077386

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Property Details

  • Bathroom Information

    • Total Baths: 0
    • Full Baths: 0
    • Half Baths: 0

  • Lot Details

    • Lot Dimensions Source: Vendor Enhanced
    • Lot Size Acres: 0.3039
    • Lot Size Source: Owner
    • Lot Size Square Feet: 13239

  • Listing Price Information

    • Original List Price: 4,650,000
    • Listing Contract Date: 2024-10-01

    Lease Information

    • Listing Agreement: Seller Reserved

  • Tax Information

    • Parcel Number: 5094018001

  • Garage and Parking

    Homeowners Association

    Rental Info

    • Lease Term: Negotiable

  • Other Property Info

    • Source Listing Status: Active
    • Source Neighborhood: C17 - Mid-Wilshire
    • Postal Code Plus 4: 2144
    • Directions: 854 S Normandie Avenue has an ideal location in the Koreatownmarket for a new multi-family development: adjacent to majorcommercial thoroughfares, near Metro Subway lines, good access tomain employment centers, and a part of well established residentialneighborhood with good demographics and abundance of amenities.
    • Zoning: LAR4
    • Source Property Type: Land
    • Area: C17 - Mid-Wilshire

    Building and Construction

    • Year Built Source: Vendor Enhanced
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BuyOwner last updated this listing 12/04/2024 @ 13:59

  • MLS: 24447547
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: CRMLS

is a Land, with 0 bedrooms which is for sale, it has 0 sqft, 13,239 sized lot, and 0 parking. A comparable Land, has bedrooms and baths, it was built in and is located at and for sale by its owner at . This home is located in the city of Los Angeles , in zip code 90005, this Los Angeles County Land are nearby neighborhoods.