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$ 3,275,000
Est. payment | /mo
3 Beds
3 Baths
1,988 SqFt
$ 3,275,000
Est. payment | /mo
3 Beds
3 Baths
1,988 SqFt
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 1,988 sqft
Price per Sqft $1,647
MLS Listing ID 25547153
Bedrooms 3
HOA Y/N No
Year Built 1903
Lot Size 10,075 Sqft
Property Description
*This property is part of the USC Adjacent development Land Portfolio - May be purchased together or separately.* Exceptional development or value-add opportunity located at 3015 Shrine Place, just one block from USC and USC Village. This oversized 10,071 sq. ft. LAR3-zoned lot features two vacant buildings with three units on title, totaling approximately 1,988 sq. ft. of existing structure. Located in a TOC Tier 3 zone, the property allows for by-right construction of up to 12 units or potentially up to 20 units with TOC bonuses (buyer to verify). Rear alley access provides added design and parking flexibility, an uncommon feature in the area. Investors can choose to redevelop or renovate the existing buildings, add ADUs, and capitalize on strong demand in one of LA's most competitive student housing markets. Delivered vacant with no tenant relocation required, this site is a rare infill gem with substantial upside potential.
Location
State CA
County Los Angeles
Area C42 - Downtown L.A.
Zoning LAR3
Interior
Heating None
Cooling None
Fireplace No
Exterior
Parking Features None
Building
Entry Level One
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 5123011021
Special Listing Condition Standard
Listed by Michael R. Fukushima • Keller Williams Los Angeles
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "