854 S Normandie Avenue, Los Angeles, CA 90005

Local realty services provided by:ERA North Orange County Real Estate
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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#:24447547
Source:CRMLS

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 #:24447547
  • Added:323 day(s) ago
  • Updated:August 21, 2025 at 01:19 PM

Structure and exterior

  • Lot area:0.3 Acres

Finances and disclosures

  • Price:$4,650,000
Based on information from California Regional Multiple Listing Service, Inc. as of August 21, 2025 . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

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