11281 Washington Pl

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Address: 11281 Washington Pl, Culver City, CA 90230, USA

California & West + Land/Development

Created date: June 14, 2024

Date last updated: August 13, 2024

Property Description

Newmark 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 on a corner lot at the intersection of Normandie Avenue and James M. Wood Boulevard which allows for up to 90 affordable housing units using AB2334. Property has preliminary plans for affordable housing project consisting of 90 units using modular construction. 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 Boulveard, 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).

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Key Property Information

Listing Status:	Unavailable
Listing Type:	Call for offers
Property Types:	Land/Development
Price:	$4,650,000
Lot Size:	0.28 Sq ft
Opportunity Zone:	No
Property Website	Click Here