854 S Normandie Ave
Los Angeles, CA 90005

Newmark Knight Frank is pleased to present the opportunity to acquire the 854 S. Normandie Avenue Los Angeles CA 90005 (hereafter the “Property”, “Project”), an approximately 13,239 square foot land development site zoned R4-2 (Tier 3 of the Transit Oriented Communities Ordinance) on a corner lot at the intersection of Normandie Avenue and James M. Wood Boulevard. The Project has plans approved (ready to issue) for an approximately 46,073 square foot, 57-unit multi-family development. 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 will be delivered with plans approved (ready to issue) for a 57 unit multifamily building consisting of 6 stories with with a mix of 13 studios, 21 one bedrooms, and 23 two bedrooms (10% of the units to be affordable units) and 2 levels of subterranean parking (55 spaces). The plans call for a modern designed building with abundant windows letting in ample natural light and balconies for many of the units, both of which are very desirable in the apartment market right now. 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’ 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 Red Line, and Metro Purple 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). Please contact broker for Offering Memorandum.