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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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  • Lot Information

    Main Square Feet: 18533 Lot Size Acres: 0.4255 Lot Size Source: Plans Lot Size Square Feet: 18,533

  • Listing Price Information

    Listing Price: $4200000

  • Tax Information

    Parcel Number: 5081010009

  • Location Information

    Direction: Google Maps -
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
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)
1709 Crenshaw Boulevard, Los Angeles, CA, 90019 $999,000 -- -- -- 7,466 Sqft(Lot)
4838 Saturn, Los Angeles, CA, 90019 $1,050,000 -- -- -- 6,534 Sqft(Lot)
1121 S Spaulding Avenue, Los Angeles, CA, 90019 $1,750,000 -- -- -- 6,829 Sqft(Lot)

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ByOwner last updated this listing 08/14/2026 @ 13:09

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

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