854 Normandie Avenue, Los Angeles, CA for sale

Investment Overview

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