310-801-8700
854 S Normandie Ave, Los Angeles, CA for Sale
Residential LAND - FOR SALE
1/31
13,238 SF

854 S Normandie Ave
Los Angeles, CA 90005
Koreatown


HIGHLIGHTS

  • Attractive development opportunity for up to 90 affordable housing units with preliminary plans in a premier position within Los Angeles.
  • Excellent Koreatown location just south of Wilshire Boulevard near abundant amenities and major employment centers.
  • Within blocks of Metro Rail Stations for the B line at Wilshire/Vermont, and D line at Wilshire/Western and Wilshire/Normandie.
  • Allows for up to 90 affordable housing units by AB 2334 state law, which provides bonus incentives for 100% affordable housing projects.

OVERVIEW

Located in the neighborhood of Koreatown, the Property is very centrally located in the Los Angeles market with Century City/ Beverly Hills to the West, Downtown Los Angeles to the East, and Hollywood to the North. With its central location in the Koreatown market, Los Angeles’s most densely-populated neighborhood, 854 S Normandie Avenue is within walking distance of five neighborhood-serving shopping malls, an abundance of restaurants and nightlife, and over 7.5 million square feet of Class A office space. Additionally, being directly adjacent to Wilshire Boulevard, Olympic Boulevard, Metro B Rail Line, and Metro D Rail Line,the area offers access to major thoroughfares and public transit lines to major employment centers in Downtown Los Angeles (2 miles), Miracle Mile (4 miles), Hollywood (4 miles), Beverly Hills (5 miles), and Century City (7 miles).

FOR SALE DETAILS

PRICE

Request Info for Price

# OF LOTS

-

LAND DETAILS

PROPERTY NAME

Koreatown Affordable Housing Development Site

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Residential

LAND PROPOSED USE

Multi-Family, Apartment Units

LAND ACRES

0.3 AC

LAND SF

13,239 SF

OFFSITE IMPROVEMENTS

Sewer, Water, Electricity, Gas, Streets, Curb/Gutter/Sidewalk, Cable, Telephone, Irrigation

ZONING

R4-2

APN/PARCEL ID

5094-018-001

ASK ABOUT THIS PROPERTY

David GhermezianNewmarkMore Info
310-801-8700

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David GhermezianNewmarkMore Info
310-801-8700

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.