816 N Normandie Avenue
Los Angeles, CA 90029
- – beds
- – baths
- – sqft
- 8,516 sqft lot
- – on site
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, making commuting convenient. Additionally, outdoor enthusiasts will appreciate being just minutes from Griffith Park and the Hollywood Hills, offering a perfect balance of urban convenience and recreational opportunities. This turnkey development presents a rare and immediate opportunity for developers to bring much-needed affordable housing to one of LA's most sought-after areas. With all approvals in place and RTI status secured, this project is ready to break ground, offering both a socially impactful and financially strategic investment. Don't miss this prime Hollywood development opportunity. Contact us today for more details!.
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Last updated Mar 28, 2025
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MLS# 25515145 —
This property is listed in more than one place. See it here.
The Building
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New Construction:No
Location
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Directions:Corner of Melrose & Normadie
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Latitude:34.08543600
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Longitude:-118.30007500
The Property
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Property Type:Land
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Zoning:LAR3-1XL
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Lot Size Area:8516.0000
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Lot Size Dimensions:50x170
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Lot Size Acres:0.1955
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Lot Size SqFt:8516.00
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View:1
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View:City Lights
Listing Agent
- Contact info:
- No listing contact info available
The Listing
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Special Listing Conditions:Standard
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Parcel Number:5538005015
Utilities
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Sewer:Other
The Community
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Association:No
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Senior Community:No
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Assessments:No
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
3/26/25
Mar 26, 2025
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Listed / Active | CRMLS_CA | $2,549,000 | 96.8% (46.0% / YR) |
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2/16/23
Feb 16, 2023
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CRMLS_CA | $1,295,000 | ||
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2/13/23
Feb 13, 2023
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CRMLS_CA | $1,295,000 |
