854 Normandie Avenue — Sale in Los Angeles, CA

  • Price: $3M
  • Listing type: For sale
  • Asset type: Commercial Land
  • Location: Los Angeles, CA 90005

Description

TEN X AUCTION NOV 17-19: https://www.loopnet.com/Listing/854-S-Normandie-Ave-Los-Angeles-CA/30950114/ INVESTMENT HIGHLIGHTS 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. - 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%. - Excellent Koreatown location just south of Wilshire Boulevard, nearby to abundant amenities. - Within blocks of Metro Rail Stations for the B line at Wilshire/Vermont, and D line at Wilshire/Western and Wilshire/Normandie

Market Context

This land in Los Angeles, CA is listed for sale at $2,950,000. It has been on the market for 54 days. Compare it against other land listings for sale in Los Angeles, CA — view the full market.

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