This offering is a unique value-add opportunity in a core student housing location west of USC’s campus. The property currently comprises a vacant 1,840-square foot single-family house with three bedrooms and 5,449 square foot lot zoned LARD1.5. Because of zoning and lot size, the property could be developed into three units by-right (buyer to verify with the city, broker makes no warranties). Given the home’s square footage, a new investor could choose to renovate the property to include more bedrooms and bathrooms, thereby increasing the amount of student housing that the property could generate (buyer to verify with the city, broker makes no warranties).
The property directly to the rear, 1201 West 36th Place, is also for sale and could increase the development potential of the site. Please contact listing agent for details.
The property is located within the CSC and DPS patrol boundaries, less than one-quarter of a mile from the University of Southern California’s main campus and less than one-half of a mile from the new $700MM mixed-use University Village Project being constructed by USC. The Village Project, scheduled to be completed in the fall of 2017, will offer student housing and over 500,000 square feet of academic spaces, restaurants, and major retailers that include Trader Joes, Target, Bank of America and Starbucks.
Total population of , which has changed by % since 1990.
The median age of the population is , while the median
age of dwellings is .
Out of households, are families.