Property listed by Nourmand & Associates-HW, Christopher Furstenberg 323-462-6262
$925,000
Prime redevelopment opportunity steps from the University of Southern California's main campus. The owner has approved plans for a 3-bedrooms (could have 4 beds) /3-bathh ADU and main house remodel 3bd/2ba with office/bonus room. Nestled within the DPS and CSC patrol zones, and walking distance to Exposition Park the site… Read More of iconic landmarks such as the LA Memorial Coliseum, the Banc of California Stadium, and the forthcoming $1 billion George Lucas Narrative Art Museum the property benefits from an unbeatable location that continues to attract investment and development interest. The site is also within easy walking distance of the Metro Light Rail Expo Line, which provides direct access to Downtown Los Angeles and Santa Monica. 1,036 sqft, owner-occupied, single-family home featuring two bedrooms, one bathroom, a spacious living room, dining room, den, and laundry room, the property is being offered vacant at the time of sale. Redevelopment potential of the 4,000 square foot LARD2-zoned lot. Ideal use is for a tear-down and new student housing construction. By-right development would allow for two new units (buyer to verify with the city). This offering provides a rare opportunity for an investor or developer to capitalize on the strong demand for student housing in the USC submarket by operating the existing structure during the entitlement process or immediately pursuing new construction to maximize the site's value. Read Less
Listing Snapshot
Days Online
9
Last Updated
Property Type
Single Family Residence
Beds
2
Full Baths
1
Square Ft.
1,036
Lot Size
0.09 Acres
Year Built
1921
MLS Number
25522421
30 Days Snapshot Of 90007
$963k
0%
(avg) sold price
0
-100%
homes sold
51
0%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
Refrigerator
Building
Built in 1921, Building area total: 1,036, Levels: One, Living area: 1036, 1 story, Architectural style: Bungalow, Common walls: NoCommonWalls
Fireplaces
Decorative
Floors
Wood
Heating
NaturalGas
Laundry
LaundryRoom
Lot
0.0918 acres, 4,000 square feet, Size: 4,000
Parking
2 totals parking, Driveway
Pool
None
Property
Zoning: LARD2, None
Spa
None
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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