854 Normandie

Los Angeles, CA, 90005

For Sale $4,650,000

0.30acre

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

Listing agent:

David Ghermezian

License #01084422

Newmark Residential

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854 Normandie is a Land property located in Los Angeles, California, featuring a 0.304 acre lot, MLS #24447547.

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Data last modified: 2024-12-05 03:37:47