1167 W 29Th Street

Los Angeles, CA 90007

$2,000,000

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Property Description

Bring the bulldozer. Prime development opportunity near the University of Southern California (USC)! This 60 ft x 145 ft lot is perfectly positioned in a high-demand area ideal for student housing. Zoned for multi-family development, the property offers the potential to build 16 two-bedroom, two-bath units, catering directly to USC’s thriving student population. Located in a prestigious neighborhood, this property provides an unmatched investment opportunity, with USC consistently ranked among the top institutions in the world, including #1 in Film and highly ranked in Business and Real Estate. The area is a hub of innovation, culture, and connectivity, making it an attractive destination for students worldwide. With limited new developments serving USC students, this project offers a chance to create housing that enhances the student experience while generating strong rental income. Don’t miss this chance to build in one of Los Angeles’ most dynamic and prestigious locations. Key Features: Lot size: 60 ft x 145 ft, Zoned for multi-family development, Potential for 16 two-bedroom, two-bath units, Walking distance to USC campus, High rental demand in the area. This is a rare opportunity to invest in a property that combines tradition, innovation, and strong ROI potential.

Listing Information

List Price $2,000,000
Status Active
MLS SB24246712
HOA $0
Type Land
Lot Size 8,708
Structure Size N/A
DOM 2
Courtesy Of Vista Sotheby’s International Realty
Listing Agent John Corrales DRE#01263687

Interior Features

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Listing information courtesy of: John Corrales, Vista Sotheby’s International Realty 310-346-3332. *Based on information from the Association of REALTORS/Multiple Listing as of Dec 12th, 2024 at 12:51 AM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. 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.