Listing by: John Corrales, Vista Sotheby’s International Realty, 310-346-3332

0 Beds

n/a Full bath

n/aSqFt

Pending

Bring the bulldozer. Prime development opportunity near the University of Southern California (USC)! This 60 ft x 145 ft lot is perfectly positioned in a high-demand area ideal for student housing. Zoned for multi-family development, the property offers the potential to build 16 two-bedroom, two-bath units, catering directly to USC’s thriving student population. Located in a prestigious neighborhood, this property provides an unmatched investment opportunity, with USC consistently ranked among the top institutions in the world, including #1 in Film and highly ranked in Business and Real Estate. The area is a hub of innovation, culture, and connectivity, making it an attractive destination for students worldwide. With limited new developments serving USC students, this project offers a chance to create housing that enhances the student experience while generating strong rental income. Don’t miss this chance to build in one of Los Angeles’ most dynamic and prestigious locations. Key Features: Lot size: 60 ft x 145 ft, Zoned for multi-family development, Potential for 16 two-bedroom, two-bath units, Walking distance to USC campus, High rental demand in the area. This is a rare opportunity to invest in a property that combines tradition, innovation, and strong ROI potential.

Property Details
Price $2,000,000
Lot Size Area 8708
Lot Size Area Units Square Feet
Acres 0.1999
Property Type Land
Features Sewer Connected,Water Connected
Exterior Features Biking,Curbs,Gutters,Street Lights,Biking,Curbs,Gutters,Street Lights
View None
Lot Description 0-1 Unit/Acre
Association Fee 0
Geographic Data
Directions Vermont and 29th Street are the cross streets
County Los Angeles
Latitude 34.028667
Longitude -118.285748
Market Area C42 - Downtown L.A.
Address Information
Address 1167 W 29th Street, Los Angeles, CA 90007
Postal Code 90007
City Los Angeles
State CA
Country United States
Listing Information
Listing Office Vista Sotheby’s International Realty
Listing Agent John Corrales
Listing Agent Phone 310-346-3332
Attribution Contact 310-346-3332
Compensation Disclaimer The offer of compensation is made only to participants of the MLS where the listing is filed.
Special listing conditions Standard
Ownership None
MLS Information
Days on market 11
MLS Status Pending
Listing Date Dec 9, 2024
Listing Last Modified Jan 23, 2025
Tax ID 5055028025
MLS Area C42 - Downtown L.A.
MLS # SB24246712

This information is believed to be accurate, but without any warranty.
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