Property Detail

1229 37th

Los Angeles CA 90007

$1,495,000

Status: Active

Property Details

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.

Map Location

Listing provided courtesy of RICARDO GONZALEZ of CITYWIDE ELITE REALTY. Last updated 2026-06-15 08:11:21.000000. Listing information © 2025 CRMLS.

Quinten Sharp

Quinten Sharp

DRE# 00973844
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