854 Normandie Avenue
$4,650,000
13,239 / 0.30
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
- Listed by David Ghermezian • DRE #01084422 • Brokerage DRE #00997737 • Newmark Residential
Property Details for 854 Normandie Avenue
Zoning
LAR4
Parcel Number5094018001
AreaMid-Wilshire (C17)
Lot Size Area13239
Source Lot Size AreaOwner
Assessor Parcel Number5094-018-001
Directions854 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
Status | Active |
---|---|
MLS # | 24-447547 |
Days on Market | 82 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Land |
MLS Type | Land Lot |
Year Built | - |
Lot Size | 0.30 AC |
County | Los Angeles County |
Building Information for 854 Normandie Avenue
Lot Size0.30 AC
Property Information for 854 Normandie Avenue
Property History for 854 Normandie Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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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.
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