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 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.
|
DAYS ON MARKET
|
12
|
LAST UPDATED
|
4/9/2025
|
|
YEAR BUILT
|
1921
|
COMMUNITY
|
Los Angeles Southwest
|
|
COUNTY
|
Los Angeles
|
STATUS
|
Active
|
|
PROPERTY TYPE(S)
|
Single Family
|
|
|
| APPLIANCES |
Refrigerator |
| AREA |
Los Angeles Southwest |
| FIREPLACE |
Yes |
| GARAGE |
Driveway |
| HEAT |
Natural Gas |
| LOT |
4000 sq ft |
| LOT DIMENSIONS |
40x100 |
| PARKING |
Driveway |
| POOL DESCRIPTION |
None |
| STORIES |
1 |
| STYLE |
Bungalow |
| VIEW DESCRIPTION |
None |
| ZONING |
LARD2 |
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Listed with Nourmand & Associates-HW
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of 4/19/25 1:40 PM PDT 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
This IDX solution is (c) Diverse Solutions 2025.
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