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$3,800,000
Est. payment /mo
6,756 Sqft Lot
UPDATED:
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID SB26085306
HOA Y/N No
Lot Size 6,756 Sqft
Property Description
1146 W 35th Street presents a rare development opportunity located just blocks from the University of Southern California (USC). The property is approved under TOC Tier 3 incentives for a 15-unit residential project configured as a high-bed-count (~39–40 beds) student housing development. The site is vacant and cleared, with entitlements well advanced, including CEQA exemption, LAHD covenant drafted, and LADWP power approved with fees pending. Positioned in a strong student housing submarket, the project offers the potential to maximize rental income per bed with consistent demand from USC's growing student population. Excellent opportunity for a developer to acquire a high-density project in a prime infill location near USC, Exposition Park, and surrounding amenities.
Location
State CA
County Los Angeles
Area C34 - Los Angeles Southwest
Zoning LAR3 (TOC Tier 3)
Interior
Fireplace No
Exterior
Community Features Biking, Curbs, Gutter(s), Storm Drain(s), Street Lights, Sidewalks
View Y/N Yes
View City Lights
Building
Lot Description Rectangular Lot
Water Public
New Construction No
Others
Senior Community No
Tax ID 5040028021
Acceptable Financing Cash, Cash to New Loan, Conventional, 1031 Exchange
Listing Terms Cash, Cash to New Loan, Conventional, 1031 Exchange
Special Listing Condition Standard
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Listed by John Stiegler II Lyon Stahl Investment Real Estate, Inc. 310-447-2213, DRE #01981597
NEARBY SCHOOL & BUSINESS
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