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854 S Normandie Ave
Los Angeles, CA 90005 Koreatown

$2,950,000 USD

Land For Sale  •  0.3 AC

Property Details

  • Property Type Land
  • Lot Size 0.3 AC
  • Zoning R4-2
78 Transit Score
95 Walk Score

Description

Located in the neighborhood of Koreatown, the Property is very centrally located in the Los Angeles market with Century City/ Beverly Hills to the West, Downtown Los Angeles to the East, and Hollywood to the North. With its central location in the Koreatown market, Los Angeles’s most densely-populated neighborhood, 854 S Normandie Avenue is within walking distance of five neighborhood-serving shopping malls, an abundance of restaurants and nightlife, and over 7.5 million square feet of Class A office space. Additionally, being directly adjacent to Wilshire Boulevard, Olympic Boulevard, Metro B Rail Line, and Metro D Rail Line,the area offers access to major thoroughfares and public transit lines to major employment centers in Downtown Los Angeles (2 miles), Miracle Mile (4 miles), Hollywood (4 miles), Beverly Hills (5 miles), and Century City (7 miles).

Highlights

Attractive development opportunity for up to 90 affordable housing units with preliminary plans in a premier position within Los Angeles.
Excellent Koreatown location just south of Wilshire Boulevard near abundant amenities and major employment centers.
Within blocks of Metro Rail Stations for the B line at Wilshire/Vermont, and D line at Wilshire/Western and Wilshire/Normandie.
Allows for up to 90 affordable housing units by AB 2334 state law, which provides bonus incentives for 100% affordable housing projects.

Property Flyers

Public Transportation

Commuter RailDriveWalkDistance
Union Station (91 Line - Southern California Regional Rail Authority (Metrolink), Antelope Valley Line - Southern California Regional Rail Authority (Metrolink), Orange County Line - Southern California Regional Rail Authority (Metrolink), Riverside Line - Southern California Regional Rail Authority (Metrolink), San Bernardino Line - Southern California Regional Rail Authority (Metrolink), Ventura County Line - Southern California Regional Rail Authority (Metrolink)) 12 min - 4.9 mi
Los Angeles (Coast Starlight - Amtrak, Pacific Surfliner - Amtrak, Southwest Chief - Amtrak, Texas Eagle - Amtrak) 10 min - 4.9 mi
Transit/SubwayDriveWalkDistance
Wilshire/Normandie Station (Purple Line - Los Angeles County Metropolitan Transportation Authority (Metro)) 1 min 10 min 0.5 mi
Wilshire/Western Station (Purple Line - Los Angeles County Metropolitan Transportation Authority (Metro)) 2 min 18 min 0.9 mi
Wilshire/Vermont Station (Purple Line - Los Angeles County Metropolitan Transportation Authority (Metro), Red Line - Los Angeles County Metropolitan Transportation Authority (Metro)) 2 min 19 min 1.0 mi
AirportDriveWalkDistance
Bob Hope 22 min - 12.6 mi
Los Angeles International 23 min - 13.1 mi
Long Beach (Daugherty Field) 33 min - 23.8 mi
David Ghermezian 310-801-8700 Newmark Pacific
David Ghermezian 310-801-8700 Newmark Pacific