854 S Normandie Avenue, Los Angeles, CA 90005
Local realty services provided by:Better Homes and Gardens Real Estate Royal & Associates
854 S Normandie Avenue,Los Angeles, CA 90005
$4,650,000
- 0.3 Acres
- Lots / Land
- Active
Listed by:david ghermezian
Office:newmark residential
MLS#:CL24447547
Source:CA_BRIDGEMLS
Price summary
- Price:$4,650,000
About this home
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
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Home facts
- Listing Id #:CL24447547
- Added:318 day(s) ago
- Updated:August 15, 2025 at 02:21 PM
Rooms and interior
- Living area:13,239 sq. ft.
Structure and exterior
- Building area:13,239 sq. ft.
- Lot area:0.3 Acres
Finances and disclosures
- Price:$4,650,000
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