Listing provided courtesy of John Corrales of Vista Sotheby’s International Realty. Last updated 2025-04-23 09:17:51.000000. Listing information © 2024 SANDICOR.
Asking Price: $1,975,000
1167 W 29th Street, Los Angeles CA 90007
Community: University Park
This Lots/Land property was built in and is priced at $1,975,000. Please see the additional details below.
* PREMIUM USC DEVELOPMENT LOT - BUILD UP TO 9 UNITS NEAR CAMPUS: Bring your vision to life on this prime multi-family lot just one block from the University of Southern California (USC) one of L.A.s most vibrant and fast-growing neighborhoods. Whether youre looking to develop sleek student housing or modern long-term rentals, this property is a rare opportunity to create something exceptional in a high-demand, walkable location. * PROPERTY HIGHLIGHTS: Oversized 60 ft x 145 ft lot (8,700 sq ft), Zoned RD1.5-1-O (multi-family residential), Build up to 5 dwelling units by-right, and up to 9 units with TOC Tier 3 bonus, Room limit of 4 habitable rooms per unit to avoid CUP (Conditional Use Permit) under the NSO overlay, Setbacks: 15 ft front and 15 ft rear (typical), Max building height: 45 feet / 3 stories, No on-site parking required with TOC bonus, Quiet residential street surrounded by modern multi-unit developments, Just blocks from USCs campus, libraries, and cultural venues, 1 Block from Target / Trader Joes * WHY IT STANDS OUT: USC is a top global university, ranked #1 in Film, and highly regarded in Business and Real Estate, Year-round rental demand from USC students and graduate programs, Located in a Transit Priority Area (TPA) streamlining environmental review under CEQA, Walking distance to public transit, dining, and cultural hot spots, One of the last large vacant lots near USC, Ideal site to develop purpose-built, high-yield rental housing, Rated one of the safest area thats close to USC * KNOW BEFORE YOU BUILD: Property is located within the North University