Rare offering just minutes from the University of Southern California (USC)! This property is being delivered RTI (Ready-To-Issue) with fully approved plans for a new 3-story duplex plus an attached ADU. Altogether, the project is designed to create 31 suites each with a private bedroom and bathroom, complemented… Read More by expansive kitchens and large common areas, perfect for modern co-living or student housing. Currently, the lot features a single-family residence in livable condition, allowing flexibility for immediate rental income while preparing for construction. The thoughtfully designed plans maximize the site s potential under R2 zoning, providing investors and developers with a rare opportunity to bring a high-demand housing product to the USC area. Key Highlights: RTI approved for duplex + ADU, totaling 31 beds & 31 baths Prime location adjacent to USC ideal for student housing Elimination of SB 8 and No Rent Stabilization Ordinance (RSO) for this property, offering greater freedom in rental strategy Delivered with complete drawings, engineering, and city approval for immediate build-out Current structure: single-family home in decent condition on site Close to major freeways, dining, shopping, and Downtown Los Angeles This is a turnkey development opportunity with all the heavy lifting already completed. The seller has invested significant time and resources to secure approvals, making this a unique chance for developers, investors, and builders seeking high returns in a supply-constrained market. Read Less
Courtesy of Wetrust Realty 626-587-4866
Listing Snapshot
Days Online
108
Last Updated
Property Type
Single Family Residence
Beds
4
Full Baths
2
Square Ft.
1,589
Lot Size
0.16 Acres
Year Built
1924
MLS Number
WS26047352MR
30 Days Snapshot Of 90018
$1.21M
+28%
(avg) sold price
3
0%
homes sold
68
-52%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
1,589 sq ft, Built in 1924, "Detached/No Common Walls"
Community
"Sidewalks"
Cooling
"None"
Fireplaces
"None"
Garage
2 total garage spaces
Water Features
Water: "Public"
Heating
"Central"
Home Owner's Association
Homeowner Dues: $0
Laundry
"Garage"
Lot
LotAcreage: 0, LotSizeArea: 6,811
Parking
CarportSpacesTotal: 0, TotalParking: 2
Pool
"None"
Property
EntryFloorNumber: 1, LandLeaseType: "Fee", PropertySubType: Single Family Residence, ViewDescription: "None"
Sewer
"Public Sewer"
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