Single-Family for sale in Southern California — $1,495,000. 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 s…
$1,495,000
1229 W 37th Drive, Los Angeles, CA 90007
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.
Listing updated: May 21, 2026 at 6:38 AM
Listed by: RICARDO GONZALEZ, CITYWIDE ELITE REALTY
Source: CRMLS, MLS#: WS26106991, Originating MLS: California Regional MLS
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| Date | Event | Price |
|---|---|---|
5/18/2026 Source: CRMLS, #WS26106991 | Listed for sale | $1,495,000 |
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