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Rare development opportunity just minutes from USC! This property with alley access is zoned RD1.5 and designated Tier 3 TOC, offering the potential for up to 6 residential units, subject to buyer verification and City of Los Angeles approvals. Located in an area experiencing significant redevelopment, with multiple new residential projects already completed or underway on the street and surrounding neighborhood. The existing 2-bedroom, 1-bath home sits on an approximately 5,229 SF lot and offers developers an opportunity to capitalize on the area’s continued transformation. Ideally located near USC, Downtown Los Angeles, major employment centers, transit and amenities. Developers and investors—bring your vision! Buyer to independently verify zoning, allowable density, unit count, development standards and all development potential with the City of Los Angeles.
Listing agent: Marc Bustamante DRE #01880397 soldbyMarcB@gmail.com, Listing office: TOP PRODUCERS REALTY PARTNERS
MLS data updated 10/16/2026, 9:44:15 PM PT
Source: CRMLS, MLS #: CV26192087
Belmont insights
Compare recorded home prices, same-type ZIP sales and mortgage rates.
Sep 1, 2026
Prices use the left axis; mortgage rates use the right. Hover, tap, or focus the chart and use the arrow keys. Red SOLD badges mark recorded sales.
This home · nearest recorded event
$699,000Original asking price · Sep 1, 2026ZIP 90037 · Sep 2026
No monthly averageAt least 3 eligible sales in this month are required.30-year fixed mortgage benchmark
No weekly rateNo published rate within 7 days of this date.No recorded sales in this range. Select All available for older records; missing records do not mean the home never sold.
ZIP averages use publicly displayable closed sales from our licensed MLS feed, matched to the same ZIP and exact property type. Months with fewer than 3 sales are omitted; the current month is incomplete. Lines connect available monthly observations across gaps and do not represent measured prices in missing months. These averages are not adjusted for size, condition, or location within the ZIP, and are not an appraisal. Feed coverage may not include every sale. All available shows the available home and ZIP history, with mortgage rates over the same dates.
Mortgage benchmark: Freddie Mac Primary Mortgage Market Survey®. © Freddie Mac. Weekly national 30-year fixed rates, not APRs or a loan quote. Actual terms vary. Methodology changed in November 2022. The chart does not establish that interest-rate changes caused a home’s price changes.
Lines connect recorded asking and sale prices. They are visual guides, not estimates of the home’s value between those dates.
No earlier records were returned by our current sources. This does not mean the home has never sold.
MLS records may be incomplete. Earlier asking prices are not sale prices.