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1050 S Norton Avenue, Los Angeles, CA 90019

$4,200,000 Approx. USD 0 beds, 0 baths

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Berkshire Hathaway HomeServices California Properties 11828 Rancho Bernardo Rd, Ste 210
San Diego, CA 92128 888-995-7575

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Listing Agent

Jordan Petito | jordan@petitocre.com
Lic#: 02023714
Broker: Courtesy of Keller Williams Beverly Hills
Phone: 310-734-2245

Co Listing Agent

Dario Svidler | dario@svidlercre.com
Lic#: 01884474
Broker: Courtesy of Keller Williams Beverly Hills
Phone: 424-600-7633

Agent Remarks

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.

Listing Details

Property type: (Lots/Land)

Status: Active

MLS# 26842135

Price: $4,200,000

Beds: 0

Baths: 0

0.43 acres

Lot size: 0.4255

County: Los Angeles

Zoning: R3-1-O-HPOZ

MLS area: C18 - Hancock Park-Wilshire

Last Updated: 6/11/2026

Days On Market (DOM): 16

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This listing belongs to the C18 - Hancock Park-Wilshire MLS area

Lat/Long: 34.052336, -118.321007.
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