1229 W 37th Drive, Los Angeles, CA 90007
List Price: $1.4M
Listing Status: Active
Original List Price: $1.5M
0Days on Market: 80
0 Bedrooms · 0 Bathrooms
Property Type: ResidentialIncome
Year Built: 1906
Lot Size: 6,602 sq ft
Private Pool: Yes
MLS Number: WS26106991
About This Property
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 provided by: RICARDO GONZALEZ DRE #01183189 626-607-0139 citywide.realty@yahoo.com, CITYWIDE ELITE REALTY
Source: CRMLS, MLS #: WS26106991
Belmont Brokerage Inc. (DRE #02431308) is not the listing office for this property. We provide buyer representation and consultation. Any “Schedule a Tour” or “Contact” form on this page contacts a Belmont Brokerage agent — not the listing agent above.