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.
Property Type
LandCounty
Los AngelesStyle
LandAD ID
47977264
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Property Details
-
Interior Features
Water/Sewer
- Water Source : Public
- Sewer : Public Sewer
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Property / Lot Details
Lot Details
- Lot Dimensions Source: Vendor Enhanced
- Lot Size Acres: 0.1999
- Lot Size Source: Vendor Enhanced
- Lot Size Square Feet: 8708
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Listing Information
Listing Price Information
- Original List Price: 1,975,000
- Listing Contract Date: 2024-12-09
Lease Information
- Listing Agreement: Exclusive Right To Sell
-
Taxes / Assessments
Tax Information
- Parcel Number: 5055028025
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Virtual Tour, Parking, Multi-Unit Information & Homeowners Association
Garage and Parking
Homeowners Association
Rental Info
- Lease Term: Negotiable
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School, Utilities & Location Details
Other Property Info
- Source Listing Status: Active
- Source Neighborhood: C42 - Downtown L.A.
- Directions: Vermont and 29th Street are the cross streets
- Zoning: RD 1.5-1.0
- Source Property Type: Land
- Area: C42 - Downtown L.A.
Building and Construction
- Year Built Source: Vendor Enhanced
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BuyOwner last updated this listing 05/10/2025 @ 12:37
- MLS: SB24246712
- LISTING PROVIDED COURTESY OF: ,
- SOURCE: CRMLS
is a Land, with 0 bedrooms which is for sale, it has 0 sqft, 8,708 sized lot, and 0 parking. are nearby neighborhoods.