Ready-to-Build Student Housing approx 0.5 mile from USC. Exceptional development opportunity in the heart of University Park — just steps from USC’s main campus. Fully permitted and engineered for two separate 3-story wood-frame buildings, this site is ready for immediate construction. Ideal for developers, builders, or 1031-exchange buyers looking for turnkey student rental income.
Highlights
• Prime Location: walking distance to campus, dining, and transit.
• Fully Approved Plans: Includes architectural, structural, permit-ready under LABC 2023 standards. No entitlement delays.
• Maximized Rental Yield: Two detached buildings with ideal floor plans for co-living or roommate configurations.
• Code-Compliant & Safe: Complete fire sprinkler system, seismic and wind-load engineering, modern drainage and LID plan.
• Sustainable Site Design: Features permeable paving, artificial grass, energy-efficient light fixtures, and city-approved stormwater mitigation.
• Investor-Ready Returns: Strong cap-rate area fueled by USC student demand. Options to refinance, hold, or sell as rentals or condos.
Highlights
• Prime Location: walking distance to campus, dining, and transit.
• Fully Approved Plans: Includes architectural, structural, permit-ready under LABC 2023 standards. No entitlement delays.
• Maximized Rental Yield: Two detached buildings with ideal floor plans for co-living or roommate configurations.
• Code-Compliant & Safe: Complete fire sprinkler system, seismic and wind-load engineering, modern drainage and LID plan.
• Sustainable Site Design: Features permeable paving, artificial grass, energy-efficient light fixtures, and city-approved stormwater mitigation.
• Investor-Ready Returns: Strong cap-rate area fueled by USC student demand. Options to refinance, hold, or sell as rentals or condos.
Property Details
Price:
$1,500,000
MLS #:
OC25133434
Status:
Active
Beds:
33
Baths:
0
Address:
W 37th PL Lot 23
Type:
Single Family
Subtype:
Duplex
Neighborhood:
c34
City:
Los Angeles
Listed Date:
Jun 13, 2025
State:
CA
Finished Sq Ft:
9,718
ZIP:
90018
Lot Size:
6,842 sqft / 0.16 acres (approx)
Year Built:
2025
Schools
School District:
Los Angeles Unified
Interior
Cooling
C A
Laundry Features
A R
Exterior
Community Features
B I K I
Parking Spots
4
Financial
Map
Contact Us
Mortgage Calculator
Similar Listings Nearby
- 1612 1/2 S Berendo ST Lot 3
Los Angeles, CA$1,950,000
1.71 miles away
- S La Salle AV Lot 2
Los Angeles, CA$1,899,000
1.29 miles away
- Brynhurst AV Lot 165
Los Angeles, CA$1,875,000
2.46 miles away
- E 25th ST Lot 13 B
Los Angeles, CA$1,850,000
2.48 miles away
- Crenshaw BL
Los Angeles, CA$1,849,000
2.23 miles away
- Don Alanis PL
Los Angeles, CA$1,799,000
2.70 miles away
- Don Timoteo DR Lot 26
Los Angeles, CA$1,799,000
3.26 miles away
- E Gage AV #A Lot 354
Los Angeles, CA$1,799,000
3.19 miles away
- S Manhattan Lot 5
Los Angeles, CA$1,799,000
3.56 miles away
- S Crescent Heights BL
Los Angeles, CA$1,795,000
4.60 miles away
Courtesy of Spectrum Realty. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than BUSINESS MA include the name of the listing broker. Neither the listing company nor BUSINESS MA shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2025. California Regional Multiple Listing Service. All rights reserved. W 37th PL Lot 23
Los Angeles, CA
LIGHTBOX-IMAGES