816 N Normandie Avenue, Los Angeles, CA 90029
Local realty services provided by:Better Homes and Gardens Real Estate Royal & Associates
Listed by:tatiana derovanessian
Office:keller williams beverly hills
MLS#:CL25515145
Source:CA_BRIDGEMLS
Price summary
- Price:$2,549,000
About this home
An exceptional affordable housing development opportunity awaits in the heart of Hollywood at 816 N Normandie Ave. This fully entitled and RTI (Ready to Issue) project offers a 40-unit residential development on a prime 8,512 SF lot at the coveted intersection of Normandie & Melrose. Designed under AB 2334 incentives, the six-story Type IA/IIIA building benefits from unlimited density for 100% affordable housing, making it an unparalleled investment opportunity. The project spans 23,520 SF and includes a diverse unit mix of 6 studios, 18 one-bedrooms, 15 two-bedrooms, and 1 three-bedroom unit. Of these, 1 unit is designated for very low income, 31 for low income, 7 for moderate income, and 1 as a market-rate unit. Each unit is designed for maximum affordability and optimized rental income, ranging from 386 to 547 SF, and the project is structured to eliminate parking requirements, further reducing construction costs and increasing long-term affordability. Located in one of Los Angeles' most vibrant and high-demand neighborhoods, this development sits within close proximity to top employment hubs, ensuring a steady stream of demand from professionals seeking affordable housing. The property is also well-connected to public transit, with nearby Metro stations and major bus lines, m
Contact an agent
Home facts
- Listing Id #:CL25515145
- Added:141 day(s) ago
- Updated:August 15, 2025 at 02:33 PM
Rooms and interior
- Living area:8,516 sq. ft.
Structure and exterior
- Building area:8,516 sq. ft.
- Lot area:0.2 Acres
Finances and disclosures
- Price:$2,549,000
New listings near 816 N Normandie Avenue
- New
$1,689,000Active7 beds 9 baths4,996 sq. ft.2320 W 25th Street, Los Angeles, CA 90018
MLS# CL25560187Listed by: LA ESTATE BROKERAGE - New
$5,750,000Active4 beds 3 baths1842 N Crescent Heights Boulevard, Los Angeles, CA 90069
MLS# CL25571429Listed by: THE AGENCY - New
$1,449,000Active3 beds 2 baths1,519 sq. ft.8125 Regis Way, Los Angeles, CA 90045
MLS# CL25572307Listed by: JESSE WEINBERG - New
$6,250,000Active5 beds 5 baths4,338 sq. ft.2714 Forrester Drive, Los Angeles, CA 90064
MLS# CL25573799Listed by: BERKSHIRE HATHAWAY HOMESERVICES CALIFORNIA PROPERTIES - New
$1,399,000Active2 beds 3 baths2,146 sq. ft.10550 Wilshire Boulevard #305, Los Angeles, CA 90024
MLS# CL25575131Listed by: COLDWELL BANKER REALTY - New
$1,495,000Active2 beds 3 baths1,828 sq. ft.10560 Wilshire Boulevard #406, Los Angeles, CA 90024
MLS# CL25575255Listed by: DOUGLAS ELLIMAN - New
$2,700,000Active4 beds 3 baths1,978 sq. ft.2027 Pelham Avenue, Los Angeles, CA 90025
MLS# CL25575361Listed by: HEYLER REALTY - New
$1,375,000Active3 beds 2 baths1,280 sq. ft.6030 Seabluff Drive #413, Los Angeles, CA 90094
MLS# CL25575373Listed by: REAL BROKER - New
$1,499,000Active2 beds 2 baths1,231 sq. ft.2446 Cheremoya Avenue, Los Angeles, CA 90068
MLS# CL25575765Listed by: EQUITY UNION - New
$575,000Active2 beds 1 baths1,015 sq. ft.4589 Via Marisol #260, Los Angeles, CA 90042
MLS# CL25575855Listed by: CORE REALTY, INC.
Protect your home and budget with an American Home Shield© home warranty. Learn more© 2025 Better Homes and Gardens Real Estate LLC. An Anywhere Real Estate company. All rights reserved. Better Homes and Gardens® Real Estate is a registered trademark owned by Meredith Operations Corporation, licensed to Better Homes and Gardens Real Estate LLC and used with permission. Better Homes and Gardens Real Estate LLC fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. Listing information is deemed reliable but is not guaranteed accurate.
Each Office is Independently Owned and Operated.
Any services or products provided by third parties are not provided by, affiliated with or related to Better Homes and Gardens Real Estate LLC, or its affiliated companies.