1050 S Norton Avenue, Los Angeles, CA 90019

The offering consists of two combined parcels at 1050 and 1056 S Norton Avenue, totaling approximately 18,533 SF. The development plans call for a 5-story, Type III-A residential apartment building with 102 total units and approximately 33,833 SF of rentable area. The unit mix is planned as 27 studios, 71 one-bedroom units, and 4 two-bedroom units, with a designated affordability distribution that includes moderate-, low-, very-low-, and extremely-low-income units plus 1 manager’s unit. Proposed incentives include a zero-parking framework and additional development allowances through Executive Directive 1, which is described in the materials as enabling unlimited density and zero parking within proximity to a major transit stop.

The site is positioned in an established residential neighborhood in Los Angeles’ Mid-Wilshire / Olympic Park submarket within the Country Club Park HPOZ. The property is described as a central infill location near Mid-Wilshire, Koreatown, Hancock Park, and the greater Wilshire corridor, with access to transit, employment centers, retail, and daily amenities throughout Central Los Angeles.

For developers pursuing scale in Central Los Angeles, this is a 100% affordable housing project opportunity supported by an ED1 entitlement pathway, a planned 5-story multifamily program, and the FAR increase described in the submission materials. The planned approach also includes specific incentive items referenced in the plans, including zero parking, additional height allowances, and an FAR increase from 3:1 to approximately 3.46:1 (with the proposed FAR shown at approximately 3.44:1), subject to approval.