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- LoopNet Team
1192 W 35th St
Los Angeles, CA 90007
Student Housing Development Opportunity · Land For Sale
·
0.18 AC
Investment Highlights
- Rare Student Housing Development Opportunity 1 block away from USC Campus
- Located within the DPS Patrol Zone
- 9 units by right - 17 with TOC density bonus
- LAR3 | Tier 3 Zoning
- Single Family Residence Delivered Vacant
- Lot Size: 7,726
Property Facts
| Property Type | Land | Total Lot Size | 0.18 AC |
| Property Subtype | Commercial | ||
| Zoning | LAR3 | ||
| Property Type | Land |
| Property Subtype | Commercial |
| Total Lot Size | 0.18 AC |
| Zoning | LAR3 |
Description
The Shamooelian Real Estate Group is pleased to present the opportunity to acquire this rare 7,725 SF lot Development opportunity located at 1192 W. 35th Street, one block away from the University of Southern California (USC). The site offers a zoning ordinance of LAR3, which allows for the construction of 9 units by right, as well as has an additional TOC Tier 3 density bonus. There is a single family residence currently on the lot. The property offers residents a highly desirable location walking distance to campus & University Village, providing easy access to all of USCs landmarks, academic buildings, and entertainment. This is a probate sale and court confirmation is required. PLEASE NOTE THE FOLLOWING: 1) DO NOT DISTURB THE TENANTS. 2) Submit Offer on a CAR Residential-Income Purchase Agreement. 3) Interior Inspection/Books & Records Granted with an Accepted Offer. 4) Submit Proof of Funds & Pre-Qualification Letter with Offer. 5) Seller Selects all Services Disclaimer: All information has been secured from sources we believe to be reliable. However, we make no representation or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information above and bears all risk for any inaccuracies.
Property Taxes
| Parcel Number | 5040-018-003 | Improvements Assessment | $721,621 |
| Land Assessment | $2,168,047 | Total Assessment | $2,889,668 |
Property Taxes
