854 Normandie Avenue

Los Angeles, CA 90005

$4,650,000
Price
13,239 / 0.30
Lot Size / Acres

Description

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...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
  1. Listed by David Ghermezian • DRE #01084422 • Brokerage DRE #00997737 • Newmark Residential

Property Details for 854 Normandie Avenue

Zoning
LAR4
Parcel Number
5094018001
Area
Mid-Wilshire (C17)
Lot Size Area
13239
Source Lot Size Area
Owner
Assessor Parcel Number
5094-018-001
Directions
854 S Normandie Avenue has an ideal location in the Koreatownmarket for a new multi-family development: adjacent to majorcommercial thoroughfares, near Metro Subway lines, good access tomain employment centers, and a part of well established residentialneighborhood with good demographics and abundance of amenities.
LISTING UPDATED: 10/09/2024 12:01 AM

Property Details for 854 Normandie Avenue

StatusActive
MLS #24-447547
Days on Market82
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeLand
MLS TypeLand Lot
Year Built-
Lot Size0.30 AC
CountyLos Angeles County

Building Information for 854 Normandie Avenue

Lot Size0.30 AC

Property Information for 854 Normandie Avenue

Community / Development
Community / Development
  • Senior Community: No
Structure Info
Structure Info
  • View: No
  • View Description: None
  • View: None
Contract Info
Contract Info
  • Disclosures: None
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Land / Lot Info
Land / Lot Info
  • Special Zoning: None
  • Lot Acreage: 0.304
  • Lot Size Square Feet: 13239
  • Telephone: 0.0
  • Cable: 0.0
Parking Details
Parking Details
  • Total Parking: 0
Exterior Features
Exterior Features
  • New Construction: No
Lease Terms
Lease Terms
  • Entry Date: 10-01-2024

Property History for 854 Normandie Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 854 Normandie Avenue

Taxable ValueLand$2,378,173Additions$1,019,215Total$3,397,388
Tax Record2024$42,444 ($3,537 / month)
Home Facts
Total Finished SqFt8,732 SqFtAbove Grade Finished SqFt8,732 SqFtLot Size13,240 SqFtStyleMulti-Family Res (5+ Units)Year Built1923ZoningLAR4CountyLOS ANGELESAPN5094-018-001

Schools near 854 Normandie Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 2
Public - K to 5
Public - 6 to 8
Public - 6 to 8
Rating
School
Distance
Mariposa-Nabi Primary Center
PublicK to 2

Hobart Boulevard Elementary School
PublicK to 5

Young Oak Kim Academy
Public6 to 8

Berendo Middle School
Public6 to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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854 Normandie Avenue is a 0.30 ac of land for sale in Los Angeles, CA 90005. This property was listed for sale on October 1, 2024 by Newmark Residential, it's currently listed at $4,650,000. It has been on the market for a total of 82 days and was last sold on June 13, 2017. This listing's school district is Los Angeles Unified School District. Nearby schools include Mariposa-Nabi Primary Center, Hobart Boulevard Elementary School and Young Oak Kim Academy. 854 Normandie Avenue is a 0-bed, 0-bath, 0.30 ac of land on a 13,239 sq. ft. / 0.30 acres lot.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Newmark Residential, David Ghermezian, DRE #01084422

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.