MLS® ID: PW19199894

1177 W 37th Place

Los Angeles, California, 90007

$1,550,000 Active
  • - SQFT
Prime student housing development opportunity in the coveted 90007 zip code of Los Angeles, CA. Less than one block from the main University Park campus of the University of Southern California, the property is in an unbeatable student housing location. Within the CSC and DPS patrol Zones. Delivered fully vacant. The offering consists of an existing duplex situated on a 7,000 square foot lot zoned LARD1.5. The duplex will be delivered vacant and is likely a teardown. RD1.5 zoning allows for one dwelling unit to be built per 1,500 square feet of lot space which equates to a maximum density of four new construction units for a developer (buyer to verify). Property is also Tier 3 TOC eligible which would allow a buyer significant development bonuses (buyer to verify). The area surrounding the campus has seen and will continue to see sustained appreciation due to the recently opened LA Metro Exposition Light Rail line, the LAFC stadium opened in April and the $1 Billion George Lucas Narrative Art museum that recently broke ground. USC recently completed (less than a mile from the subject property) the $700-Million Mixed-Use Project at the University Village offering major national retailers, open spaces, 2,000 student housing beds and innovative academic collaboration spaces.
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Listing courtesy of Marcus & Millichap

Amenities

  • Full baths
    0
  • Half baths
    0
  • Three-quarter Baths
    0
  • Total Baths
    0
  • Zip
    90007
  • Office name
    Marcus & Millichap
  • SQFT
    0
  • Bedrooms
    0
  • Zoning type
    LARD1.5
  • Year built
    1903
  • Lot size
    7000.00
  • Sewer
    Public Sewer
  • Tax year
    0
  • Agent name
    Daniel Lewin
  • Tax amount
    $ 0.0
  • Purchase Type
    Active
  • Price Range
    $1.5m-$1.75m
  • Square Feet Range
    < 1000 sq ft.
  • Year Built Range
    1989 (and earlier)
  • Office ID
    PB12429
  • Agent ID
    PWLEWDAN

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