Rare development opportunity just minutes from USC! This property with alley access is zoned RD1.5 and designated Tier 3 TOC, offering the potential for up to 6 residential units, subject to buyer verification and City of Los Angeles approvals. Located in an area experiencing significant redevelopment, with multiple new residential projects already completed or underway on the street and surrounding neighborhood. The existing 2-bedroom, 1-bath home sits on an approximately 5,229 SF lot and offers developers an opportunity to capitalize on the area's continued transformation. Ideally located near USC, Downtown Los Angeles, major employment centers, transit and amenities. Developers and investors-bring your vision! Buyer to independently verify zoning, allowable density, unit count, development standards and all development potential with the City of Los Angeles.
| MLS # | CV26192087 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | Pending |
| Year | 1905 |
| Days On Site | 54 |
| Listing Provided By | TOP PRODUCERS REALTY PARTNERS | Marc Bustamante |
| Bed(s) | 2 |
|---|---|
| Bath(s) | 1 Total |
| SQ Feet | 1,148 |
| Garage | 1 |
| Basement | Y |
| Story(s) | 1 |
| Units | 1 |
| Acreage | 0.12 |
| Property View | None |
| Cooling | Central Air |
|---|---|
| Heating | Central |
| Heating Yes / No | Yes |
| Cooling Yes / No | Yes |
| Fireplace Yes / No | No |
| Lot Features | Yard |
|---|
| Attached Garage Yes / No | No |
|---|---|
| Garage Yes / No | Yes |
| Sewer | Public Sewer |
|---|
| Community Features | Urban |
|---|
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90037 |
| Area | 699 Not Defined |
| Listing VS Median (in 90037) | |
Price: $699,000 low | high Med: $817,000 sqft: 1,148 low | high Med: 3,152 $ / sqft: $609 low | high Med: $323 On site: 54 low | high Med: 154 | |
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90037 |
| Area | 699 Not Defined |
| Listing VS Median (in 90037) | |
Price: $699,000 low | high Med: $817,000 sqft: 1,148 low | high Med: 3,152 $ / sqft: $609 low | high Med: $323 On site: 54 low | high Med: 154 | |