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1050 S Norton Avenue

Los Angeles, CA 90019
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SqFt18,533

Sqft(Lot)

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 zer o 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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Detail Ic Property Details

Property Type : Land

Price : $4,200,000

AD Id : 79963355

MLS Id : 26842135

Lot Size : 18,533 Sqft(Lot)

County : Los Angeles

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Feature Features

  • Bathroom Information

    Total Baths: 0 Full Baths: 0 Half Baths: 0

  • Lot Details

    Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 0.4255
  • Lot Size Source: Plans Lot Size Square Feet: 18533

  • Listing Price Information

    Original List Price: 4,200,000 Listing Contract Date: 2026-06-02
  • Lease Information

    Listing Agreement: Exclusive Right To Sell

  • Tax Information

    Parcel Number: 5081010009

  • Other Property Info

    Source Listing Status: Active Source Neighborhood: C18 - Hancock Park-Wilshire Postal Code Plus 4: 3209 Directions: Google Maps - Zoning: R3-1-O-HPOZ Source Property Type: Land Area: C18 - Hancock Park-Wilshire
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
1619 S St Andrews Place, Los Angeles, CA, 90019 $1,055,000 -- -- -- 8,923 Sqft(Lot)
1437 12th Avenue, Los Angeles, CA, 90019 $1,249,000 -- -- -- 8,197 Sqft(Lot)
1437 12th Avenue, Los Angeles, CA, 90019 $2,498,000 -- -- -- 8,197 Sqft(Lot)

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ByOwner last updated this listing 06/23/2026 @ 03:09

MLS: 26842135 LISTED BY: Jordan Petito, Keller Williams Beverly Hills 310-432-6400 SOURCE: CRMLS

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