1229 W 37th Drive, Los Angeles, CA 90007
- $1,295,000
Listing courtesy of Listing Agent: RICARDO GONZALEZ (citywide.realty@yahoo.com) from Listing Office: CITYWIDE ELITE REALTY.
- List Price
- $1,295,000
- Status
- ACTIVE
- Days on Market
- 116
- Price Change
- ▼ $100,000 1786685665
- MLS#
- WS26106991
- Subtype
- Residential Income
- Year Built
- 1906
- Lot Size
- 6,602
- Acres
- 0.15
- MLS Area Major
- Los Angeles Southwest (C34)
Property Description
ATTENTION USC STUDENT HOUSING DEVELOPERS: Rare TOC Tier 3 development opportunity in the heart of the USC DPS Patrol Zone, less than 1 block from campus. 6,600 SF lot zoned LARD2 with confirmed TOC Tier 3 incentives supports a development of approximately 7 units / 28+ beds under density bonus + ADU/JADU stack (buyer to verify with architect). Property to be delivered 100% VACANT at close of escrow — no RSO relocation costs, no tenant buyouts, no holding delays. Existing 3-unit improvement (2012-built rear units + front house, 5 bd / 3 ba total) provides optional holding income during entitlement, or immediate demolition to begin construction. Developer buyers — call listing agent for offering memorandum and feasibility study. Owner is motivated; reviewing offers on a rolling basis. Buyer to verify all development potential, zoning, and entitlement options with City of Los Angeles Planning and own consultants. Tours by appointment only — please do not disturb existing occupants.
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Additional Information
- Zoning
- LARD2
- Pool Type
- None
Mortgage Calculator
Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.