1050 S Norton Avenue, Los Angeles, CA 90019
Local realty services provided by:CENTURY 21 Sierra Properties
1050 S Norton Avenue,Los Angeles, CA 90019
$4,200,000
- 0.43 Acres
- Lots / Land
- Active
Listed by: jordan petito, dario svidler
Office: keller williams beverly hills
MLS#:CL26842135
Source:Bay East, CCAR, bridgeMLS
Price summary
- Price:$4,200,000
About this home
We are pleased to present the opportunity to acquire 1050 & 1056 S Norton Avenue, a 102-unit, 100% affordable apartment development site located in Los Angeles' Mid-Wilshire / Olympic Park submarket within the Country Club Park HPOZ. The project is situated on an approximately 18,533 SF lot in a central Los Angeles infill location near Mid-Wilshire, Koreatown, Hancock Park, and the greater Wilshire corridor. The proposed development is designed as a 5-story, Type III-A residential apartment building consisting of 102 total units, approximately 33,833 SF of rentable area, and approximately 42,908 SF of proposed building area. The project is being developed under Executive Directive 1 as a 100% affordable housing project pursuant to AB 1763 and AB 2345, allowing for unlimited density and zero parking within proximity to a major transit stop. The project benefits from significant development incentives, including zero parking, additional height allowances, and FAR increase. The plans also reference off-menu incentives for a 100% reduction in open space and tree reduction subject to approval. Located within an established residential neighborhood, the site provides strong access to transit, employment centers, retail, and daily amenities throughout Central Los Angeles. With a large combined lot, 102-unit affordable housing program, and ED1 entitlement pathway, this offering presents a strong opportunity for developers seeking scale in a supply-constrained Los Angeles market....
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Home facts
- Listing ID #:CL26842135
- Added:58 day(s) ago
- Updated:August 02, 2026 at 02:31 PM
Structure and exterior
- Lot area:0.43 Acres
- Architectural Style:Unimproved Land
Finances and disclosures
- Price:$4,200,000
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