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$1,975,000
Est. payment /mo
8,707 Sqft Lot
UPDATED:
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID SB24246712
HOA Y/N No
Lot Size 8,707 Sqft
Property Description
* PREMIUM USC DEVELOPMENT LOT - BUILD UP TO 9 UNITS NEAR CAMPUS:
Bring your vision to life on this prime multi-family lot just one block from the University of Southern California (USC) — one of L.A.'s most vibrant and fast-growing neighborhoods. Whether you're looking to develop sleek student housing or modern long-term rentals, this property is a rare opportunity to create something exceptional in a high-demand, walkable location.
* PROPERTY HIGHLIGHTS:
Oversized 60 ft x 145 ft lot (8,700 sq ft),
Zoned RD1.5-1-O (multi-family residential),
Build up to 5 dwelling units by-right, and up to 9 units with TOC Tier 3 bonus,
Room limit of 4 habitable rooms per unit to avoid CUP (Conditional Use Permit) under the NSO overlay,
Setbacks: 15 ft front and 15 ft rear (typical),
Max building height: 45 feet / 3 stories,
No on-site parking required with TOC bonus,
Quiet residential street surrounded by modern multi-unit developments,
Just blocks from USC's campus, libraries, and cultural venues,
1 Block from Target / Trader Joes
* WHY IT STANDS OUT:
USC is a top global university, ranked #1 in Film, and highly regarded in Business and Real Estate,
Year-round rental demand from USC students and graduate programs,
Located in a Transit Priority Area (TPA) — streamlining environmental review under CEQA,
Walking distance to public transit, dining, and cultural hot spots,
One of the last large vacant lots near USC,
Ideal site to develop purpose-built, high-yield rental housing,
Rated one of the safest area that's close to USC
* KNOW BEFORE YOU BUILD:
Property is located within the North University Park HPOZ — all exterior work and demolition require Historic Preservation review
Located in the NSO Overlay — units with 5 or more habitable rooms will require a Conditional Use Permit (CUP)
Buyer to verify all development entitlements, zoning conditions, and HPOZ compliance,
Sold as-is
* DON'T WAIT - THIS WON'T LAST:
Seize this rare opportunity to build in one of L.A.'s most prestigious and high-growth neighborhoods. Design your next standout project near USC — where demand, walkability, and long-term return intersect.
* Schedule your walk-through or consultation today.
Bring your vision to life on this prime multi-family lot just one block from the University of Southern California (USC) — one of L.A.'s most vibrant and fast-growing neighborhoods. Whether you're looking to develop sleek student housing or modern long-term rentals, this property is a rare opportunity to create something exceptional in a high-demand, walkable location.
* PROPERTY HIGHLIGHTS:
Oversized 60 ft x 145 ft lot (8,700 sq ft),
Zoned RD1.5-1-O (multi-family residential),
Build up to 5 dwelling units by-right, and up to 9 units with TOC Tier 3 bonus,
Room limit of 4 habitable rooms per unit to avoid CUP (Conditional Use Permit) under the NSO overlay,
Setbacks: 15 ft front and 15 ft rear (typical),
Max building height: 45 feet / 3 stories,
No on-site parking required with TOC bonus,
Quiet residential street surrounded by modern multi-unit developments,
Just blocks from USC's campus, libraries, and cultural venues,
1 Block from Target / Trader Joes
* WHY IT STANDS OUT:
USC is a top global university, ranked #1 in Film, and highly regarded in Business and Real Estate,
Year-round rental demand from USC students and graduate programs,
Located in a Transit Priority Area (TPA) — streamlining environmental review under CEQA,
Walking distance to public transit, dining, and cultural hot spots,
One of the last large vacant lots near USC,
Ideal site to develop purpose-built, high-yield rental housing,
Rated one of the safest area that's close to USC
* KNOW BEFORE YOU BUILD:
Property is located within the North University Park HPOZ — all exterior work and demolition require Historic Preservation review
Located in the NSO Overlay — units with 5 or more habitable rooms will require a Conditional Use Permit (CUP)
Buyer to verify all development entitlements, zoning conditions, and HPOZ compliance,
Sold as-is
* DON'T WAIT - THIS WON'T LAST:
Seize this rare opportunity to build in one of L.A.'s most prestigious and high-growth neighborhoods. Design your next standout project near USC — where demand, walkability, and long-term return intersect.
* Schedule your walk-through or consultation today.
Location
State CA
County Los Angeles
Area C42 - Downtown L.A.
Zoning RD 1.5-1.0
Interior
Fireplace No
Exterior
Community Features Biking, Curbs, Gutter(s), Street Lights
Utilities Available Sewer Connected, Water Connected
View Y/N No
View None
Building
Lot Description 0-1 Unit/Acre
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 5055028025
Acceptable Financing Conventional
Listing Terms Conventional
Special Listing Condition Standard
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Listed by John Corrales • Vista Sotheby’s International Realty • 310-346-3332
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