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Listed by Cayenne Kuang • Spectrum Realty
$ 1,500,000
Est. payment | /mo
33 Beds
9,718 SqFt
$ 1,500,000
Est. payment | /mo
33 Beds
9,718 SqFt
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Square Footage 9,718 sqft
Price per Sqft $154
MLS Listing ID CROC25133434
Bedrooms 33
Year Built 2025
Lot Size 6,842 Sqft
Property Sub-Type Duplex
Source California Regional MLS
Property Description
Ready-to-Build Student Housing approx 0.5 mile from USC. Exceptional development opportunity in the heart of University Park - just steps from USC's main campus. Fully permitted and engineered for two separate 3-story wood-frame buildings, this site is ready for immediate construction. Ideal for developers, builders, or 1031-exchange buyers looking for turnkey student rental income. Highlights . Prime Location: walking distance to campus, dining, and transit. . Fully Approved Plans: Includes architectural, structural, permit-ready under LABC 2023 standards. No entitlement delays. . Maximized Rental Yield: Two detached buildings with ideal floor plans for co-living or roommate configurations. . Code-Compliant & Safe: Complete fire sprinkler system, seismic and wind-load engineering, modern drainage and LID plan. . Sustainable Site Design: Features permeable paving, artificial grass, energy-efficient light fixtures, and city-approved stormwater mitigation. . Investor-Ready Returns: Strong cap-rate area fueled by USC student demand. Options to refinance, hold, or sell as rentals or condos.
Location
State CA
County Los Angeles
Area C34 - Los Angeles Southwest
Zoning LAR2
Interior
Cooling Central AC
Fireplaces Type None
Laundry Laundry Area
Exterior
Garage Spaces 4.0
Pool None
View None
Building
Story One Story, Three or More Stories
Water District - Public
Others
Tax ID 5041028017
Special Listing Condition Not Applicable
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Drew Reid
REALTOR® | Lic# 01332884