1050 & 1056 S Norton Avenue

PartnersCRE is 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 planned unit mix includes 27 studio units, 71 one-bedroom units, and 4 twobedroom units. The affordability mix shown in the plans includes 21 moderateincome units, 73 low-income units, 6 very-low-income units, and 1 extremelylow-income unit, plus 1 manager’s unit.

The project benefits from significant development incentives, 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. 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.