Property listed by Wetrust Realty, ANITA LEE 626-235-2695
$1,250,000
Rare offering just minutes from the University of Southern California (USC)! This property is being delivered RTI (Ready-To-Issue) with fully approved plans for a new 3-story duplex plus an attached ADU. Altogether, the project is designed to create 31 suites — each with a private bedroom and bathroom, complemented by… Read More expansive kitchens and large common areas, perfect for modern co-living or student housing. Currently, the lot features a single-family residence in livable condition, allowing flexibility for immediate rental income while preparing for construction. The thoughtfully designed plans maximize the site’s potential under R2 zoning, providing investors and developers with a rare opportunity to bring a high-demand housing product to the USC area. Key Highlights: RTI approved for duplex + ADU, totaling 31 beds & 31 baths Prime location adjacent to USC – ideal for student housing Elimination of SB 8 and No Rent Stabilization Ordinance (RSO) for this property, offering greater freedom in rental strategy Delivered with complete drawings, engineering, and city approval for immediate build-out Current structure: single-family home in decent condition on site Close to major freeways, dining, shopping, and Downtown Los Angeles This is a turnkey development opportunity with all the heavy lifting already completed. The seller has invested significant time and resources to secure approvals, making this a unique chance for developers, investors, and builders seeking high returns in a supply-constrained market. Read Less
Listing Snapshot
Days Online
16
Last Updated
Property Type
Single Family Residence
Beds
4
Full Baths
2
Square Ft.
1,589
Lot Size
0.16 Acres
Year Built
1924
MLS Number
WS25234230
30 Days Snapshot Of 90018
$1.06M
-6%
(avg) sold price
9
0%
homes sold
58
-18%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1924, Levels: One, Living area: 1589, 1 story, Common walls: NoCommonWalls
Community
Sidewalks
Cooling
None
Fireplaces
None
Garage
2 spaces
Heating
Central
Interior Features
AllBedroomsDown
Laundry
InGarage
Lot
0.1564 acres, 6,811 square feet, Size: 6,811
Parking
2 totals parking
Pool
None
Property
None
Sewer
PublicSewer
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