Property listed by Nelson Shelton & Associates, Victoria Aguilar 310-271-2229
$1,825,000
Exceptional development opportunity just one block from USC in one of Los Angeles' most vibrant and fast-growing neighborhoods. This oversized 8,700 sq ft lot is zoned RD1.5-1-O and offers the potential to build up to five units by-right or up to nine units with a TOC Tier 3 bonus (buyer… Read More to confirm). With no on-site parking required under TOC, generous setbacks, and a max height allowance of 45 feet, this site is ideal for sleek student housing or modern long-term rentals in a high-demand, location. Situated on a quiet residential street surrounded by newer multi-family developments, the property is just moments from USC's campus, cultural landmarks, public transit, and retail favorites like Target and Trader Joe's. Located in a Transit Priority Area (TPA) and one of the safest residential pockets near USC, it offers consistent year-round rental demand from students and graduate programs. This property falls within the North University Park HPOZ and NSO Overlay, so buyers should verify development entitlements, CUP requirements for room count, and historic preservation guidelines. With very few large vacant lots remaining near USC, this is a rare chance to create a high-yield project in one of L.A.'s most prestigious and opportunity-rich neighborhoods. Don't miss out. Read Less
Listing Snapshot
Days Online
25
Last Updated
Property Type
Other
Beds
2
Square Ft.
1,260
Lot Size
0.2 Acres
Year Built
1915
MLS Number
25566687
30 Days Snapshot Of 90007
$1.14M
+82%
(avg) sold price
2
+100%
homes sold
38
-37%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1915, Building area total: 1,260, Levels: One, Living area: 1260, 1 story, 2 buildings
Cooling
None
Heating
None
Lot
0.1999 acres, 8,708 square feet, Size: 8,708
Parking
2 totals parking, None
Property
Zoning: LARD1.5
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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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