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Affordable Apartment Development Site

1050 S Norton Ave Los Angeles, CA 90019

1050 S Norton Ave, Los Angeles, CA, 90019
$4,200,000
For Sale
$4,200,000

LAND - Los Angeles, CA

Property Size42,908 SF
Lot Size0.43 Acres
Price / SF$97.88
Days on Market47

Property Features for 1050 S Norton Ave

General Information

Property type
Land
Property subtype
Other
Zoning
R3-1-O-HPOZ
Standard status
Active
APN
5081-010-009
Lot size
0.43 Acres
Listing Agency Keller Williams Beverly Hills
439 N Canon Dr. Suite 300, Beverly HIlls, CA
Listed by Jordan Petito · License #02023714
Added: Jun 2 Checked: Jul 18 at 3:06 am
MLS# 26842135 Listing URL

Copyright © 2026 The MLS/CLAW. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.


Investment Insights

Based on property information with market context.

This offering includes 1050 and 1056 S Norton Avenue, a combined development site proposed for a 5-story, Type III-A residential apartment building with 102 total units. The project is presented as a 100% affordable housing development and would deliver approximately 33,833 SF of rentable area and approximately 42,908 SF of proposed building area. The entitlement pathway references Executive Directive 1 and AB 1763 and AB 2345, including unlimited density and zero parking within proximity to a major transit stop. Planning materials also reference development incentives such as additional height allowances and FAR increase, along with off-menu incentives related to open space and tree reduction subject to approval.

The site is positioned on an approximately 18,533 SF lot in a central Los Angeles infill location within the Mid-Wilshire / Olympic Park submarket. The property sits within the Country Club Park HPOZ and is described as being near Mid-Wilshire, Koreatown, Hancock Park, and the broader Wilshire corridor, within an established residential neighborhood.

For developers seeking a scale affordable housing program, this parcel supports a 102-unit apartment concept under the stated ED1 framework, including a zero-parking approach. Zoning is identified as R3-1-O-HPOZ, and the plan’s incentive-driven structure is designed to align with an entitlement process that can accommodate density and design flexibility subject to approvals.

Key Highlights

  • 102‑unit, 100% affordable apartment development site at 1050 & 1056 S Norton Avenue in Los Angeles’ Mid‑Wilshire / Olympic Park submarket
  • Approximately 18,533 SF lot for a proposed 5‑story Type III‑A residential apartment building
  • Proposed project totals approx. 33,833 SF of rentable area and approx. 42,908 SF of proposed building area

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Residential land & home ...

Suggested Use

Veterinary Clinic Tanning Salon (Bike/Boat/Book/etc) Store Butcher Clothing & Fashion Store Adult Day Care Restaurant (Bike/Boat/Book/etc) Store Restaurant Pet Store

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Residential land & home lot - Infill residential development site for a 102-unit, 100% affordable apartment project.
Where is this residential land & home lot located?
The property is located at 1050 S Norton Ave Los Angeles, CA.
What is the asking price?
The asking price for this property is $4,200,000.
What are key features of this property?
This property features: 102‑unit, 100% affordable apartment development site at 1050 & 1056 S Norton Avenue in Los Angeles’ Mid‑Wilshire / Olympic Park submarket; Approximately 18,533 SF lot for a proposed 5‑story Type III‑A residential apartment building; Proposed project totals approx. 33,833 SF of rentable area and approx. 42,908 SF of proposed building area
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