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$975,000
26926753 MLS
RTI 4-UNIT DEVELOPMENT OPPORTUNITY IN PRIME WEST ADAMS! Exceptional opportunity to acquire a shovel-ready, Ready-to-Issue (RTI) fourplex development project featuring approximately 5,315 SF of buildable area and a highly desirable unit mix of three 3-bedroom units and one 4-bedroom unit. The thoughtfully designed project features spacious floor plans with open layouts, abundant natural light, large windows, wall-to-wall and double closets, large vanities, in-unit laundry, and on-site parking. Plans show two garage parking spaces, while the site has been designed to accommodate up to nine parking spaces. Upon completion, the property is projected to generate approximately $222,000 in annual gross rental income (buyer to verify), offering compelling economics at an asking price of just $975,000 (~$183/buildable SF). Ideally located in West Adams adjacent to Culver City, the property provides convenient access to major employment centers, transportation, shopping, dining and some of the area's most popular destinations, including Cento, Mizlala, Alta Adams, Highly Likely, Chulita and Tartine. With RTI plans already in place, a buyer can bypass much of the time, expense and uncertainty associated with the entitlement process and move toward construction. Architectural plans and Offering Memorandum available upon request. Buyer to independently verify all plans, permits, approvals, square footage, parking, projected rents/income, zoning and development information. Contact listing agent for additional details.

2637 S Longwood Ave, Los Angeles

Courtesy of Keller Williams Beverly Hills, Daniel Shamooelian - CA DRE#01984269

$975,000
26926753 MLS
RTI 4-UNIT DEVELOPMENT OPPORTUNITY IN PRIME WEST ADAMS! Exceptional opportunity to acquire a shovel-ready, Ready-to-Issue (RTI) fourplex development project featuring approximately 5,315 SF of buildable area and a highly desirable unit mix of three 3-bedroom units and one 4-bedroom unit. The thoughtfully designed project features spacious floor plans with open layouts, abundant natural light, large windows, wall-to-wall and double closets, large vanities, in-unit laundry, and on-site parking. Plans show two garage parking spaces, while the site has been designed to accommodate up to nine parking spaces. Upon completion, the property is projected to generate approximately $222,000 in annual gross rental income (buyer to verify), offering compelling economics at an asking price of just $975,000 (~$183/buildable SF). Ideally located in West Adams adjacent to Culver City, the property provides convenient access to major employment centers, transportation, shopping, dining and some of the area's most popular destinations, including Cento, Mizlala, Alta Adams, Highly Likely, Chulita and Tartine. With RTI plans already in place, a buyer can bypass much of the time, expense and uncertainty associated with the entitlement process and move toward construction. Architectural plans and Offering Memorandum available upon request. Buyer to independently verify all plans, permits, approvals, square footage, parking, projected rents/income, zoning and development information. Contact listing agent for additional details.

2637 S Longwood Avenue, Los Angeles

Listing courtesy of Listing Agent: Daniel Shamooelian (daniel@dsrealestate.com) from Listing Office: Keller Williams Beverly Hills.

$1,150,000
26933995 MLS
We are pleased to present 10958 Avalon Blvd, a compelling +/-11,785-square-foot development opportunity priced at just $97/SF in the heart of South Los Angeles. Situated on a prominent corner lot with alley access, the property is zoned LARD2-1 and benefits from a Tier 2 TOC designation, creating a variety of potential development avenues for investors and developers.The site offers the opportunity to pursue either a market-rate residential development or an affordable housing project, with particularly attractive potential under Los Angeles' Executive Directive 1 (ED1) framework. A 100% affordable ED1 development could potentially accommodate approximately 80 residential units, with no on-site parking requirement, providing an efficient development scenario utilizing a cost-effective stick-built, at-grade construction approach. The current ownership has also prepared plans for a 66-unit residential development, providing a valuable starting point for a prospective developer and demonstrating the site's residential potential.Beyond residential development, the property's existing improvements may provide an opportunity for an owner-user or entrepreneurial operator to reposition and revive the site's previous automotive use. While the existing structures are currently in disrepair, the property's zoning, corner positioning, and accessibility create flexibility for a buyer evaluating multiple strategies.The location provides excellent connectivity throughout Los Angeles, with the property positioned directly across from Alain LeRoy Locke College Preparatory Academy and convenient access to the 110 and 105 Freeways. Multiple nearby bus routes further enhance accessibility, providing connectivity for both residents and employees. The combination of transit access, proximity to major employment centers, and a substantial surrounding residential population supports the area's long-term demand for well-located housing.Buyer shall independently verify all zoning, TOC, ED1, unit-count, parking, density, development, and other property characteristics with the appropriate governmental agencies. All development concepts and unit counts are subject to Buyer's independent due diligence, approvals, and feasibility analysis. Contact the listing broker for additional information.

10958 Avalon Blvd, Los Angeles

Courtesy of Kidder Mathews of California, Inc., Casey Lins - CA DRE#01902650

$1,195,000
26783139 MLS
Introducing "The Gardner II", an exceptional West Hollywood adjacent development opportunity with tremendous upside potential. The property will be delivered with Ready-to-Issue (RTI) plans to rebuild the pre-existing, nonconforming duplex of approximately 2,400 square feet plus a detached garage. The former owner-occupied duplex, which had no rental history according to records confirmed by the Los Angeles Housing Department (LAHD), was destroyed by fire in 2024 which allowed for rebuilding a new duplex via SEC. 12.23 of LA Planning Codes. Multiple potential pathways may support the highest and best use of the lot. After rebuilding the duplex, an owner may explore adding up to two Accessory Dwelling Units (ADU's) for additional rental income; separately selling qualifying ADUs as condominiums under AB 1033 if permitted and implemented by the City; pursuing an SB 1123 small-home-lot subdivision while retaining the duplex on a designated remainder parcel; or structuring a TIC resale of the completed residences. These potential rental, subdivision, and resale strategies may provide substantial flexibility and upside beyond a conventional multifamily sale. Located within one-half mile of the major transit stop at Melrose and Fairfax, the property is identified by ZIMAS as TOC Tier 1 and falls within the scope of AB 2097. Moments from The Grove, Melrose Avenue, and West Hollywood's dining, shopping, and nightlife. Truly an exceptional development opportunity all while being delivered with ready-to-issue plans for immediate development upon close of escrow.

645 N Gardner St, Los Angeles

Courtesy of Hollywood Estates, Oliver Thornton - CA DRE#01969227

$1,150,000
26933995 MLS
We are pleased to present 10958 Avalon Blvd, a compelling +/-11,785-square-foot development opportunity priced at just $97/SF in the heart of South Los Angeles. Situated on a prominent corner lot with alley access, the property is zoned LARD2-1 and benefits from a Tier 2 TOC designation, creating a variety of potential development avenues for investors and developers.The site offers the opportunity to pursue either a market-rate residential development or an affordable housing project, with particularly attractive potential under Los Angeles' Executive Directive 1 (ED1) framework. A 100% affordable ED1 development could potentially accommodate approximately 80 residential units, with no on-site parking requirement, providing an efficient development scenario utilizing a cost-effective stick-built, at-grade construction approach. The current ownership has also prepared plans for a 66-unit residential development, providing a valuable starting point for a prospective developer and demonstrating the site's residential potential.Beyond residential development, the property's existing improvements may provide an opportunity for an owner-user or entrepreneurial operator to reposition and revive the site's previous automotive use. While the existing structures are currently in disrepair, the property's zoning, corner positioning, and accessibility create flexibility for a buyer evaluating multiple strategies.The location provides excellent connectivity throughout Los Angeles, with the property positioned directly across from Alain LeRoy Locke College Preparatory Academy and convenient access to the 110 and 105 Freeways. Multiple nearby bus routes further enhance accessibility, providing connectivity for both residents and employees. The combination of transit access, proximity to major employment centers, and a substantial surrounding residential population supports the area's long-term demand for well-located housing.Buyer shall independently verify all zoning, TOC, ED1, unit-count, parking, density, development, and other property characteristics with the appropriate governmental agencies. All development concepts and unit counts are subject to Buyer's independent due diligence, approvals, and feasibility analysis. Contact the listing broker for additional information.

10958 Avalon Boulevard, Los Angeles

Listing courtesy of Listing Agent: Casey Lins (Casey.Lins@kidder.com) from Listing Office: Kidder Mathews of California, Inc..

$1,195,000
26783139 MLS
Introducing "The Gardner II", an exceptional West Hollywood adjacent development opportunity with tremendous upside potential. The property will be delivered with Ready-to-Issue (RTI) plans to rebuild the pre-existing, nonconforming duplex of approximately 2,400 square feet plus a detached garage. The former owner-occupied duplex, which had no rental history according to records confirmed by the Los Angeles Housing Department (LAHD), was destroyed by fire in 2024 which allowed for rebuilding a new duplex via SEC. 12.23 of LA Planning Codes. Multiple potential pathways may support the highest and best use of the lot. After rebuilding the duplex, an owner may explore adding up to two Accessory Dwelling Units (ADU's) for additional rental income; separately selling qualifying ADUs as condominiums under AB 1033 if permitted and implemented by the City; pursuing an SB 1123 small-home-lot subdivision while retaining the duplex on a designated remainder parcel; or structuring a TIC resale of the completed residences. These potential rental, subdivision, and resale strategies may provide substantial flexibility and upside beyond a conventional multifamily sale. Located within one-half mile of the major transit stop at Melrose and Fairfax, the property is identified by ZIMAS as TOC Tier 1 and falls within the scope of AB 2097. Moments from The Grove, Melrose Avenue, and West Hollywood's dining, shopping, and nightlife. Truly an exceptional development opportunity all while being delivered with ready-to-issue plans for immediate development upon close of escrow.

645 N Gardner Street, Los Angeles

Listing courtesy of Listing Agent: Oliver Thornton (oliver@hollywoodestates.com) from Listing Office: Hollywood Estates.

$2,200,000
26913817 MLS
We are pleased to present the exclusive offering of Lookout Drive, a rare multifamily development opportunity ideally situated in the highly desirable Echo Park neighborhood of Los Angeles. The offering consists of four contiguous parcels (APNs 5415-016-025, 5415-016-026, 5415-016-027, 5415-016-010) and totaling approximately 28,314 square feet, creating a sizable assemblage with significant development potential in one of Los Angeles' most sought-after and supply-constrained rental markets. The property is zoned [LN1-MU2-5][RG1-FA][CPIO-O], providing investors and developers with flexibility to pursue a variety of multifamily and commercial development strategies. The site offers a base 1.5 FAR, with the potential to increase to approximately 3.0 FAR through applicable Density Bonus incentives. Each of the four parcels may allow for the development of up to nine units without requiring the allocation of units to affordable housing, creating the potential for up to 36 units across the assemblage, subject to buyer verification and applicable development requirements. Positioned just south of Dodger Stadium, the property benefits from exceptional connectivity to Chinatown, Downtown Los Angeles, and the greater Los Angeles area. Residents would enjoy convenient access to major employment centers, public transportation, dining, entertainment, and neighborhood retail throughout Echo Park and surrounding communities. The elevated setting also provides expansive views overlooking Downtown Los Angeles and the 110 Freeway corridor, offering the opportunity to create a thoughtfully designed project that captures the surrounding cityscape and enhances the site's long-term appeal. With limited remaining development opportunities in this dynamic and rapidly evolving submarket, Lookout Drive represents a compelling opportunity to develop new housing in an area characterized by strong tenant demand, limited supply, and significant barriers to entry. Whether envisioned as a multifamily community, or another residential-focused project, the assemblage provides the scale, flexibility, and location necessary to capitalize on the continued growth and desirability of Echo Park. Lookout Drive offers investors and developers the rare opportunity to acquire a substantial four-parcel assemblage in the heart of Los Angeles, combining meaningful development potential, elevated views, proximity to Downtown Los Angeles and Dodger Stadium, and long-term appreciation potential. With its prime Echo Park location, flexible development opportunities, and sizeable footprint, this offering presents an exceptional opportunity to create a signature project in one of Los Angeles' most desirable and supply-constrained neighborhoods.

626 Lookout Dr, Los Angeles

Courtesy of BRC Advisors- BH, Maxwell Forester - CA DRE#02283478

$2,200,000
26913817 MLS
We are pleased to present the exclusive offering of Lookout Drive, a rare multifamily development opportunity ideally situated in the highly desirable Echo Park neighborhood of Los Angeles. The offering consists of four contiguous parcels (APNs 5415-016-025, 5415-016-026, 5415-016-027, 5415-016-010) and totaling approximately 28,314 square feet, creating a sizable assemblage with significant development potential in one of Los Angeles' most sought-after and supply-constrained rental markets. The property is zoned [LN1-MU2-5][RG1-FA][CPIO-O], providing investors and developers with flexibility to pursue a variety of multifamily and commercial development strategies. The site offers a base 1.5 FAR, with the potential to increase to approximately 3.0 FAR through applicable Density Bonus incentives. Each of the four parcels may allow for the development of up to nine units without requiring the allocation of units to affordable housing, creating the potential for up to 36 units across the assemblage, subject to buyer verification and applicable development requirements. Positioned just south of Dodger Stadium, the property benefits from exceptional connectivity to Chinatown, Downtown Los Angeles, and the greater Los Angeles area. Residents would enjoy convenient access to major employment centers, public transportation, dining, entertainment, and neighborhood retail throughout Echo Park and surrounding communities. The elevated setting also provides expansive views overlooking Downtown Los Angeles and the 110 Freeway corridor, offering the opportunity to create a thoughtfully designed project that captures the surrounding cityscape and enhances the site's long-term appeal. With limited remaining development opportunities in this dynamic and rapidly evolving submarket, Lookout Drive represents a compelling opportunity to develop new housing in an area characterized by strong tenant demand, limited supply, and significant barriers to entry. Whether envisioned as a multifamily community, or another residential-focused project, the assemblage provides the scale, flexibility, and location necessary to capitalize on the continued growth and desirability of Echo Park. Lookout Drive offers investors and developers the rare opportunity to acquire a substantial four-parcel assemblage in the heart of Los Angeles, combining meaningful development potential, elevated views, proximity to Downtown Los Angeles and Dodger Stadium, and long-term appreciation potential. With its prime Echo Park location, flexible development opportunities, and sizeable footprint, this offering presents an exceptional opportunity to create a signature project in one of Los Angeles' most desirable and supply-constrained neighborhoods.

626 Lookout Drive, Los Angeles

Listing courtesy of Listing Agent: Maxwell Forester (maxwell@brcadvisors.com) from Listing Office: BRC Advisors- BH.

$2,299,999
26913013 MLS
Welcome to 1020 N ARDMORE AVE, a fully entitled RTI( Ready to Issue) permit project perfect for Developers, Investors, Contractors and Builders, ready to pull permits and to start building. This SHOVEL READY 100% Affordable ED1 project features 57 units including a manager's office that can be converted into a unit, 40-1 bedroom, 17- studios across a Type V, four story, fully stacked designed which features all wood frame floors on an almost 9,000 square foot lot plus an alley that is SB8 exempt and currently a vacant land. This design has a significant savings in construction costs and time maximizing the most units with much lower construction costs compared to 5 stories and taller projects such as, Type III. Located in one of Los Angeles most vibrant and high demand area, the property located in Hollywood close to Sunset BLVD with a walk score of 87, close to restaurants, coffee shops and shopping centers. Due to its central location, the area is within top employment hubs and is minutes from Larchmont, Silverlake, Hollywood Walk of FAME, Paramount Studios, Melrose Hills and it is a highly desirable and attractive area that has other brand new construction apartments buildings nearby. The property is located in a TOC Tier 3 area, close to the Vermont/Sunset Metro Subway Station, making this very walkable and bike friendly. The stackable design features 25,292 square feet of building area with units ranging from approx 300-456 square feet. Based on the most recent schedule 6 & 9 rents from the covenant, the total monthly rents from the 57 units would bring a monthly gross income of $123,044 and yearly gross income of $1,476,528, or a buyer can look into achieving higher rents with this property being located in Tier 5, Section 8 vouchers most recently updated voucher payment standards has amounts of $2,310 for 1 bd and $2,058 for Studios for this zip code (buyer to verify). Each floor has a laundry room, outdoor bicycle area and storage. The property is currently a vacant land ready to start building right away, shovel ready!! The plans have no parking required, so developers don't have to pencil the high costs that come with on-grade parking, increasing additional significant savings to the project's construction costs and affordability. A developer can break ground right away and there has been a lot of money invested in the area. Each unit is designed for maximum affordability and optimized rental income. This development presents a rare and immediate opportunity for developers to bring much-needed affordable housing to one of LA's most sought-after areas. BUYER TO VERIFY ALL!

1020 N Ardmore Ave, Los Angeles

Courtesy of Keller Williams Hollywood Hills, Daniel Lalezari - CA DRE#01949474

$2,299,999
26913013 MLS
Welcome to 1020 N ARDMORE AVE, a fully entitled RTI( Ready to Issue) permit project perfect for Developers, Investors, Contractors and Builders, ready to pull permits and to start building. This SHOVEL READY 100% Affordable ED1 project features 57 units including a manager's office that can be converted into a unit, 40-1 bedroom, 17- studios across a Type V, four story, fully stacked designed which features all wood frame floors on an almost 9,000 square foot lot plus an alley that is SB8 exempt and currently a vacant land. This design has a significant savings in construction costs and time maximizing the most units with much lower construction costs compared to 5 stories and taller projects such as, Type III. Located in one of Los Angeles most vibrant and high demand area, the property located in Hollywood close to Sunset BLVD with a walk score of 87, close to restaurants, coffee shops and shopping centers. Due to its central location, the area is within top employment hubs and is minutes from Larchmont, Silverlake, Hollywood Walk of FAME, Paramount Studios, Melrose Hills and it is a highly desirable and attractive area that has other brand new construction apartments buildings nearby. The property is located in a TOC Tier 3 area, close to the Vermont/Sunset Metro Subway Station, making this very walkable and bike friendly. The stackable design features 25,292 square feet of building area with units ranging from approx 300-456 square feet. Based on the most recent schedule 6 & 9 rents from the covenant, the total monthly rents from the 57 units would bring a monthly gross income of $123,044 and yearly gross income of $1,476,528, or a buyer can look into achieving higher rents with this property being located in Tier 5, Section 8 vouchers most recently updated voucher payment standards has amounts of $2,310 for 1 bd and $2,058 for Studios for this zip code (buyer to verify). Each floor has a laundry room, outdoor bicycle area and storage. The property is currently a vacant land ready to start building right away, shovel ready!! The plans have no parking required, so developers don't have to pencil the high costs that come with on-grade parking, increasing additional significant savings to the project's construction costs and affordability. A developer can break ground right away and there has been a lot of money invested in the area. Each unit is designed for maximum affordability and optimized rental income. This development presents a rare and immediate opportunity for developers to bring much-needed affordable housing to one of LA's most sought-after areas. BUYER TO VERIFY ALL!

1020 N Ardmore Avenue, Los Angeles

Listing courtesy of Listing Agent: Daniel Lalezari (Dlalezari@gmail.com) from Listing Office: Keller Williams Hollywood Hills.

$950,000
OC26174782 MLS
Elite Multi-Family Development Opportunity in Echo Park – Potentially up to 23 Units! Attention builders and investors! Secure a premier multi-family development site in one of Los Angeles’ most competitive and high-demand submarkets. Also known as 314-316 Douglas St and just off the corner of Douglas St and Court St with 5 separate parcels with their own APN numbers, this 5,714-square-foot vacant parcel features rare, high-density LACW zoning within the coveted Central City West Specific Plan area. Skip standard residential limitations and maximize your ROI with a potential use case to build up to 23 total multi-family units or execute a highly profitable 5-home Small Lot Ordinance (SLO) development.The location offers an unbeatable lifestyle draw for future tenants or buyers. Situated just blocks away from the iconic Echo Park Lake and the vibrant dining, nightlife, and retail strip along Sunset Boulevard. Commuting is effortless with immediate access to the 101 Freeway, Downtown Los Angeles (DTLA), and neighboring Silver Lake. Do not miss this rare chance to construct a landmark income property or modern townhome community in a robust, appreciating rental market. Buyer to verify with their own due diligence all build capacities, specific plan restrictions, zoning, and utility connections.

Douglas Street, Los Angeles

Listing courtesy of Listing Agent: Todd Frelinger (todd@primeequityproperties.com) from Listing Office: Prime Equity Properties, Inc..

$1,798,000
26887865 MLS
LAND VALUE SALE .... Rare Venice Beach Duplex Redevelopment Opportunity Just four blocks from the sand, this Venice Beach duplex presents an exceptional opportunity to own in one of Los Angeles' most desirable coastal neighborhoods. Set on a corner lot, the property offers immediate versatility as an income-producing asset, owner-user compound, or long-term land play in a high-demand beach market known for walkability, lifestyle appeal, and limited multifamily inventory. The existing duplex provides valuable optionality while buyers explore the site's future potential. With its premier coastal location, the property may be well positioned for redevelopment into a modern beachside multi-unit aprtment building, boutique rental residences, or another thoughtfully designed residential concept, subject to buyer investigation and applicable city, zoning, coastal, and permitting requirements. Situated two blocks from Venice Beach's main entrance at Winward Circle; this property is also within blocks of the tranquil walking paths along the Venice Canals, the Bohemian Arts district that is Abbot Kinney, the intimate cafes, restaurants and shops of Main St, and the miles of bike paths that run along the Beach. Bolstered by the creative energy that defines the Venice Beach community, this offering combines location, scale, and upside in a way rarely available. Investors, developers, and owner-users will appreciate the chance to secure a beach-close asset with both present-day utility and compelling future development potential. Highlights: a corner lot with alley access; approximately four blocks from Venice Beach; strong coastal rental and lifestyle appeal; potential redevelopment opportunity for a multi-unit residential building; close to dining, shopping, recreation, and major Westside destinations. Buyer to verify all zoning, density, rent control, coastal, permitting, and development possibilities. One Unit will be Delivered Vacant at close of Escrow.

404 Venice Way, Los Angeles

Courtesy of New South Bay Realty, Robert Romero - CA DRE#01208403

$1,798,000
26887865 MLS
LAND VALUE SALE .... Rare Venice Beach Duplex Redevelopment Opportunity Just four blocks from the sand, this Venice Beach duplex presents an exceptional opportunity to own in one of Los Angeles' most desirable coastal neighborhoods. Set on a corner lot, the property offers immediate versatility as an income-producing asset, owner-user compound, or long-term land play in a high-demand beach market known for walkability, lifestyle appeal, and limited multifamily inventory. The existing duplex provides valuable optionality while buyers explore the site's future potential. With its premier coastal location, the property may be well positioned for redevelopment into a modern beachside multi-unit aprtment building, boutique rental residences, or another thoughtfully designed residential concept, subject to buyer investigation and applicable city, zoning, coastal, and permitting requirements. Situated two blocks from Venice Beach's main entrance at Winward Circle; this property is also within blocks of the tranquil walking paths along the Venice Canals, the Bohemian Arts district that is Abbot Kinney, the intimate cafes, restaurants and shops of Main St, and the miles of bike paths that run along the Beach. Bolstered by the creative energy that defines the Venice Beach community, this offering combines location, scale, and upside in a way rarely available. Investors, developers, and owner-users will appreciate the chance to secure a beach-close asset with both present-day utility and compelling future development potential. Highlights: a corner lot with alley access; approximately four blocks from Venice Beach; strong coastal rental and lifestyle appeal; potential redevelopment opportunity for a multi-unit residential building; close to dining, shopping, recreation, and major Westside destinations. Buyer to verify all zoning, density, rent control, coastal, permitting, and development possibilities. One Unit will be Delivered Vacant at close of Escrow.

404 Venice Way, Los Angeles

Listing courtesy of Listing Agent: Robert Romero (RealEst411@aol.com) from Listing Office: New South Bay Realty.

$850,000
SR26187475 MLS
Prime development opportunity in Boyle Heights. Situated along Soto Street, a major north-south artery, the property offers excellent accessibility, with its prominent location, access to public transportation, and proximity to Downtown Los Angeles and surrounding commercial and residential destinations, this property presents an attractive opportunity for an experienced developer or investor seeking a well-located redevelopment site. The property offers a compelling opportunity for developers looking to create a new residential project in an established, active urban setting. The owner has previously prepared plans contemplating a 17-unit residential development. Based on the property’s zoning, site characteristics, and applicable regulations, a buyer may also be able to pursue a project with more units, subject to applicable approvals and verification. A future buyer may pursue an alternative development concept that could potentially increase the number of units or provide different unit configurations and sizes. Buyers are solely responsible for independently verifying all development potential, including the number of units, unit sizes, allowable uses, building envelope, parking requirements, permits, approvals, and all other applicable requirements with the appropriate City of Los Angeles departments and professionals. Seller makes no representations or warranties regarding the number of units, unit sizes, development capacity, or approvals that may ultimately be obtained. Buyers to conduct their own due diligence and satisfy themselves regarding all development possibilities prior to purchase.

335 N Soto, Los Angeles

Listing courtesy of Listing Agent: Ami Tabak (sandstonere@gmail.com) from Listing Office: Sandstone Realty Inc..

$1,395,000
26876337 MLS
We are pleased to present 3042 Royal St., an exceptional development opportunity in one of the most sought-after pockets of the USC student housing market, just steps from USC Village and the University of Southern California. Situated on a 5,424 SF lot with valuable alley access, the property offers a rare combination of location, zoning, and development flexibility. Located in an area where well-designed student housing can command premier rents, the property offers developers multiple potential paths to maximize the site. LAR3-zoned development sites are extremely rare within the USC student housing submarket, making the property particularly attractive for developers seeking density in a highly constrained location. The property allows for up to 6 units by right plus ADUs and is also located within a TOC Tier 3 designation, providing the potential for up to 12 TOC units plus ADUs, subject to buyer verification. Importantly, the property has been vacant for more than five years, potentially allowing a developer to redevelop the site without replacement affordable housing requirements and pursue a fully market-rate student housing project, subject to buyer verification. Alternatively, a buyer may explore renovating and expanding the existing approximately 1,566 SF structure, creating additional density while preserving and enhancing the existing improvements. With strong housing demand driven by USC, the potential to achieve premier student housing rents, LAR3 zoning, TOC Tier 3 incentives, alley access, and multiple redevelopment strategies, 3042 Royal St. represents a compelling opportunity to develop or reposition a property in the heart of the USC student housing market.

3042 Royal St, Los Angeles

Courtesy of Keller Williams Beverly Hills, Adam Shamooelian - CA DRE#02116849

$2,395,000
26876253 MLS
We are pleased to present 3015 Shrine Pl., a premier development opportunity located in the heart of the USC student housing market, just moments from USC Village and the University of Southern California. Positioned on an expansive 10,071 SF lot with alley access, the property offers developers a rare chance to acquire a large LAR3-zoned site with multiple redevelopment strategies in one of the most supply-constrained areas surrounding USC. The property's LAR3 zoning allows for up to 12 units by right plus ADUs, while its TOC Tier 3 designation provides the potential for up to 23 TOC units, subject to buyer verification. LAR3 development sites of this scale are extremely difficult to find within the USC student housing submarket, creating an attractive opportunity for a developer seeking to build a higher-density project capable of commanding premier student housing rents. At approximately $238 per land square foot, the property offers an attractive entry basis for a large, premium LAR3-zoned development site with TOC Tier 3 incentives in the USC student housing market. Another key advantage is the property's occupancy history. 3015 Shrine Pl. is currently vacant and has not been rented at any point during the past five years, potentially providing a path to redevelopment without replacement affordable housing requirements and allowing for a fully market-rate student housing project, subject to buyer verification. For buyers looking to pursue an alternative strategy, the existing approximately 1,988 SF structure may also provide an opportunity for renovation, expansion, and the addition of further density while retaining the existing improvements. With its substantial lot size, LAR3 zoning, TOC Tier 3 incentives, alley access, favorable vacancy history, compelling land basis, and proximity to USC, 3015 Shrine Pl. offers a unique opportunity to create a significant student housing project in one of the strongest rental pockets surrounding the University.

3015 Shrine Pl, Los Angeles

Courtesy of Keller Williams Beverly Hills, Adam Shamooelian - CA DRE#02116849

$1,395,000
26876337 MLS
We are pleased to present 3042 Royal St., an exceptional development opportunity in one of the most sought-after pockets of the USC student housing market, just steps from USC Village and the University of Southern California. Situated on a 5,424 SF lot with valuable alley access, the property offers a rare combination of location, zoning, and development flexibility. Located in an area where well-designed student housing can command premier rents, the property offers developers multiple potential paths to maximize the site. LAR3-zoned development sites are extremely rare within the USC student housing submarket, making the property particularly attractive for developers seeking density in a highly constrained location. The property allows for up to 6 units by right plus ADUs and is also located within a TOC Tier 3 designation, providing the potential for up to 12 TOC units plus ADUs, subject to buyer verification. Importantly, the property has been vacant for more than five years, potentially allowing a developer to redevelop the site without replacement affordable housing requirements and pursue a fully market-rate student housing project, subject to buyer verification. Alternatively, a buyer may explore renovating and expanding the existing approximately 1,566 SF structure, creating additional density while preserving and enhancing the existing improvements. With strong housing demand driven by USC, the potential to achieve premier student housing rents, LAR3 zoning, TOC Tier 3 incentives, alley access, and multiple redevelopment strategies, 3042 Royal St. represents a compelling opportunity to develop or reposition a property in the heart of the USC student housing market.

3042 Royal Street, Los Angeles

Listing courtesy of Listing Agent: Adam Shamooelian (Adam@shamooeliangroup.com) from Listing Office: Keller Williams Beverly Hills.

$2,395,000
26876253 MLS
We are pleased to present 3015 Shrine Pl., a premier development opportunity located in the heart of the USC student housing market, just moments from USC Village and the University of Southern California. Positioned on an expansive 10,071 SF lot with alley access, the property offers developers a rare chance to acquire a large LAR3-zoned site with multiple redevelopment strategies in one of the most supply-constrained areas surrounding USC. The property's LAR3 zoning allows for up to 12 units by right plus ADUs, while its TOC Tier 3 designation provides the potential for up to 23 TOC units, subject to buyer verification. LAR3 development sites of this scale are extremely difficult to find within the USC student housing submarket, creating an attractive opportunity for a developer seeking to build a higher-density project capable of commanding premier student housing rents. At approximately $238 per land square foot, the property offers an attractive entry basis for a large, premium LAR3-zoned development site with TOC Tier 3 incentives in the USC student housing market. Another key advantage is the property's occupancy history. 3015 Shrine Pl. is currently vacant and has not been rented at any point during the past five years, potentially providing a path to redevelopment without replacement affordable housing requirements and allowing for a fully market-rate student housing project, subject to buyer verification. For buyers looking to pursue an alternative strategy, the existing approximately 1,988 SF structure may also provide an opportunity for renovation, expansion, and the addition of further density while retaining the existing improvements. With its substantial lot size, LAR3 zoning, TOC Tier 3 incentives, alley access, favorable vacancy history, compelling land basis, and proximity to USC, 3015 Shrine Pl. offers a unique opportunity to create a significant student housing project in one of the strongest rental pockets surrounding the University.

3015 Shrine Place, Los Angeles

Listing courtesy of Listing Agent: Adam Shamooelian (Adam@shamooeliangroup.com) from Listing Office: Keller Williams Beverly Hills.

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Based on information from CRISNet MLS as of All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.

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Our website features the best real estate search for land and farm properties available in Los Angeles and surrounding areas. It is the only site you will ever need! It is easy-to-use and updated by the official Realtor®’s database every 15 minutes. 

You can save searches, and get daily email alerts of new listings, price changes, sold data, and market reports. Our Interactive Map Search allows you to view properties on a map or refine your search by drawing the boundaries around the area you desire. 

Curious about what’s happening in your neighborhood? You can create a custom market report to see what’s active, under contract, and sold in your neighborhood! 

Considering selling or refinancing your home? Get an INSTANT property valuation now!

Contact us today to find out how we can be of assistance to you!