816 N Normandie Avenue
Los Angeles, CA 90029
- – beds
- – baths
- 8,516 sqft
- 8,516 sqft lot
- $299 per sqft
- – 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, m
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Last updated Mar 28, 2025
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MLS# CL25515145 —
This property is listed in more than one place. See it here.
The Building
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Building Area Units:Square Feet
Room Dimensions
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Living Area:8516
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Living Area Units:Square Feet
Location
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Directions:Corner of Melrose & Normadie
The Property
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Property Type:Land
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Property Subtype:Unimproved Land
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Parcel Number:5538005015
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Zoning:LAR3
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Lot Size Area:0.2
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Lot Size Acres:0.2
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Lot Size SqFt:8516
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Lot Size Units:Acres
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View:City Lights
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View:true
Listing Agent
- Contact info:
- Agent phone:
- (310) 432-6507
The Listing
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Virtual Tour URL Unbranded:https://tours.la360vr.com/e/pSJV2qj
Utilities
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Utilities:Other Water/Sewer
The Community
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Association:false
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
|
Listed / Active | BRIDGE | $2,549,000 | 96.8% (46.0% / YR) |
|
2/16/23
Feb 16, 2023
|
CRMLS_CA | $1,295,000 | ||
|
2/13/23
Feb 13, 2023
|
CRMLS_CA | $1,295,000 |
