CA > Los Angeles
Los Angeles, CA 90029,816 N Normandie Avenue
Los Angeles, CA 90029,816 N Normandie Avenue
Los Angeles, CA 90029,816 N Normandie Avenue
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Danielle Broad

Danielle Broad

+1(925) 383-9200
$2,549,000
Est. payment /mo
8,516 Sqft Lot
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Key Details

Property Type Vacant Land

Sub Type Unimproved Land

Listing Status Active

Purchase Type For Sale

MLS Listing ID CL25515145

HOA Y/N No

Lot Size 8,516 Sqft

Acres 0.2

Property Sub-Type Unimproved Land

Property Description

An exceptional affordable housing development opportunity awaits in the heart of Hollywood at 816 N Normandie Ave. This fully entitled and RTI (Ready to Issue) project offers a 40-unit residential development on a prime 8,512 SF lot at the coveted intersection of Normandie & Melrose. Designed under AB 2334 incentives, the six-story Type IA/IIIA building benefits from unlimited density for 100% affordable housing, making it an unparalleled investment opportunity. The project spans 23,520 SF and includes a diverse unit mix of 6 studios, 18 one-bedrooms, 15 two-bedrooms, and 1 three-bedroom unit. Of these, 1 unit is designated for very low income, 31 for low income, 7 for moderate income, and 1 as a market-rate unit. Each unit is designed for maximum affordability and optimized rental income, ranging from 386 to 547 SF, and the project is structured to eliminate parking requirements, further reducing construction costs and increasing long-term affordability. Located in one of Los Angeles' most vibrant and high-demand neighborhoods, this development sits within close proximity to top employment hubs, ensuring a steady stream of demand from professionals seeking affordable housing. The property is also well-connected to public transit, with nearby Metro stations and major bus lines, m

Location

State CA

County Los Angeles

Zoning LAR3

Interior

Fireplace No

Exterior

Utilities Available Other Water/Sewer

View Y/N true

View City Lights

Building

New Construction No

Others

Tax ID 5538005015

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© 2025 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
Listed by Tatiana Derovanessian • Keller Williams Beverly Hills
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+1(925) 383-9200

smiles4dee@gmail.com

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