1050 S Norton Avenue, Los Angeles, CA 90019
Local realty services provided by:Better Homes and Gardens Real Estate Everything Real Estate
1050 S Norton Avenue,Los Angeles, CA 90019
$4,200,000
- 0.43 Acres
- Lots / Land
- Active
Listed by: jordan petito, dario svidler
Office: keller williams beverly hills310-432-6400
MLS#:26842135
Source:CRMLS
Price summary
- Price:$4,200,000
About this home
We are pleased to present the opportunity to acquire 1050 & 1056 S Norton Avenue, a 102-unit, 100% affordable apartment development site located in Los Angeles' Mid-Wilshire / Olympic Park submarket within the Country Club Park HPOZ. The project is situated on an approximately 18,533 SF lot in a central Los Angeles infill location near Mid-Wilshire, Koreatown, Hancock Park, and the greater Wilshire corridor. The proposed development is designed as a 5-story, Type III-A residential apartment building consisting of 102 total units, approximately 33,833 SF of rentable area, and approximately 42,908 SF of proposed building area. The project is being developed under Executive Directive 1 as a 100% affordable housing project pursuant to AB 1763 and AB 2345, allowing for unlimited density and zero parking within proximity to a major transit stop. The planned unit mix includes 27 studio units, 71 one-bedroom units, and 4 two-bedroom units. The affordability mix shown in the plans includes 21 moderate-income units, 73 low-income units, 6 very-low-income units, and 1 extremely-low-income unit, plus 1 manager's unit. The project benefits from significant development incentives, including zero parking, additional height allowances, and an FAR increase from 3:1 to approximately 3.46:1, with the proposed FAR shown at approximately 3.44:1. The plans also reference off-menu incentives for a 100% reduction in open space and tree reduction subject to approval. Located within an established residential neighborhood, the site provides strong access to transit, employment centers, retail, and daily amenities throughout Central Los Angeles. With a large combined lot, 102-unit affordable housing program, and ED1 entitlement pathway, this offering presents a strong opportunity for developers seeking scale in a supply-constrained Los Angeles market....
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Home facts
- Listing ID #:26842135
- Added:5 day(s) ago
- Updated:June 09, 2026 at 10:34 AM
Structure and exterior
- Lot area:0.43 Acres
Finances and disclosures
- Price:$4,200,000
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