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$2,299,999
26913013 MLS
Welcome to 1020 N ARDMORE AVE, a fully entitled RTI( Ready to Issue) permit project perfect for Developers, Investors, Contractors and Builders, ready to pull permits and to start building. This SHOVEL READY 100% Affordable ED1 project features 57 units including a manager's office that can be converted into a unit, 40-1 bedroom, 17- studios across a Type V, four story, fully stacked designed which features all wood frame floors on an almost 9,000 square foot lot plus an alley that is SB8 exempt and currently a vacant land. This design has a significant savings in construction costs and time maximizing the most units with much lower construction costs compared to 5 stories and taller projects such as, Type III. Located in one of Los Angeles most vibrant and high demand area, the property located in Hollywood close to Sunset BLVD with a walk score of 87, close to restaurants, coffee shops and shopping centers. Due to its central location, the area is within top employment hubs and is minutes from Larchmont, Silverlake, Hollywood Walk of FAME, Paramount Studios, Melrose Hills and it is a highly desirable and attractive area that has other brand new construction apartments buildings nearby. The property is located in a TOC Tier 3 area, close to the Vermont/Sunset Metro Subway Station, making this very walkable and bike friendly. The stackable design features 25,292 square feet of building area with units ranging from approx 300-456 square feet. Based on the most recent schedule 6 & 9 rents from the covenant, the total monthly rents from the 57 units would bring a monthly gross income of $123,044 and yearly gross income of $1,476,528, or a buyer can look into achieving higher rents with this property being located in Tier 5, Section 8 vouchers most recently updated voucher payment standards has amounts of $2,310 for 1 bd and $2,058 for Studios for this zip code (buyer to verify). Each floor has a laundry room, outdoor bicycle area and storage. The property is currently a vacant land ready to start building right away, shovel ready!! The plans have no parking required, so developers don't have to pencil the high costs that come with on-grade parking, increasing additional significant savings to the project's construction costs and affordability. A developer can break ground right away and there has been a lot of money invested in the area. Each unit is designed for maximum affordability and optimized rental income. This development presents a rare and immediate opportunity for developers to bring much-needed affordable housing to one of LA's most sought-after areas. BUYER TO VERIFY ALL!

1020 N Ardmore Avenue, Los Angeles

Listing courtesy of Listing Agent: Daniel Lalezari (Dlalezari@gmail.com) from Listing Office: Keller Williams Hollywood Hills.

$285,000
260021142SD MLS
Rare, enormous, over a quarter of an acre lot perched high with amazing views and nestled in the historic community of Happy Valley! Location is everything with this rarely available lot. From top-performing schools, high walkability to historic downtown, and immediate access to a massive green space, this lot offers a lifestyle for both adventurers and city goers alike. This location provides an immediate escape for trail hiking, panoramic views of the LA skyline, bird watching, biking, and so much more! Happy Valley features deep-rooted history that is tucked away in the hills, offering a quiet, semi-rural pocket feel despite being in the middle of the city. This massive hidden-gem hillside lot is just minutes away from Downtown Los Angeles, making commutes very short for urban workers. Your perfect lifestyle awaits you, don’t miss out!

2710 N Sierra St, Los Angeles

Listing courtesy of Listing Agent: Meagan Peterson (meagan.bethelrealestate@gmail.com) from Listing Office: Sun & Company Inc.

$260,000
26889889 MLS
Picturesque Views, Excellent opportunity to develop in the lush hills of the Mount Washington hillside community. Architectural plans, reports and surveys. Seller/Contractor is offering to sell or partner on this hillside home development with approximately 180 degree hillside view. Contemporary elegance is the vision for this open floor plan. A 3 level Home with state of the art amenities taking full advantage of the lush hillside and the starlit sky views. An attached 2 car garage, totaling 2557 Sqft of home on a 5624 sqft lot. 4 bedrooms, 3 baths, multiple skylights and balconies, a rooftop deck and additional deck off the main floor engineered for a spa/pool water feature. First level is the Garage with its own deck, Second level of the home includes the main floor living areas along with one of the bedrooms/office. The Third level of the home has 3 bedrooms including the primary suite with private balcony. Alternatively a Partnership buy is possible at $150K and will share 50/50 on expenses and profits. Initial plans available for review. Please call LA1 for more information, partnership purchase requirements and up to date status on the project

811 Oneonta Dr, Los Angeles

Courtesy of Property Concierge, Victor Migenes - CA DRE#01833363

$2,700,000
26896681 MLS
AFFORDABLE HOUSING DEVELOPMENT OPPORTUNITY! 15226 Parthenia Street is a compelling affordable housing development opportunity in the heart of North Hills. This 18,339 SF lot presents a rare opportunity to develop a 100% affordable housing project within one of the Valley's most active and established affordable housing neighborhoods. Located within a 1/2 mile of a Major Transit Stop and utilizing Citywide Housing Incentive Programs, this site has no maximum density and is otherwise only limited by FAR and Height. Based on these parameters, the site may accommodate approximately 100 residential units, subject to design efficiency and required development standards.Pricing for this opportunity offers developers an attractive basis well below prevailing market land values for affordable housing projects. Affordable housing developers commonly pay between $50,000 and $100,000 per buildable unit for land, while 15226 Parthenia St is being offered at approximately $27,000 per potential unit. Buyer to independently verify all zoning, density, FAR, parking, entitlement, affordability program eligibility, development potential and governmental requirements

15226 Parthenia St, Los Angeles

Courtesy of Keller Williams Studio City, Megan Husri - CA DRE#02089901

$950,000
OC26174782 MLS
Elite Multi-Family Development Opportunity in Echo Park – Potentially up to 23 Units! Attention builders and investors! Secure a premier multi-family development site in one of Los Angeles’ most competitive and high-demand submarkets. Also known as 314-316 Douglas St and just off the corner of Douglas St and Court St with 5 separate parcels with their own APN numbers, this 5,714-square-foot vacant parcel features rare, high-density LACW zoning within the coveted Central City West Specific Plan area. Skip standard residential limitations and maximize your ROI with a potential use case to build up to 23 total multi-family units or execute a highly profitable 5-home Small Lot Ordinance (SLO) development.The location offers an unbeatable lifestyle draw for future tenants or buyers. Situated just blocks away from the iconic Echo Park Lake and the vibrant dining, nightlife, and retail strip along Sunset Boulevard. Commuting is effortless with immediate access to the 101 Freeway, Downtown Los Angeles (DTLA), and neighboring Silver Lake. Do not miss this rare chance to construct a landmark income property or modern townhome community in a robust, appreciating rental market. Buyer to verify with their own due diligence all build capacities, specific plan restrictions, zoning, and utility connections.

Douglas Street, Los Angeles

Listing courtesy of Listing Agent: Todd Frelinger (todd@primeequityproperties.com) from Listing Office: Prime Equity Properties, Inc..

$260,000
26889889 MLS
Picturesque Views, Excellent opportunity to develop in the lush hills of the Mount Washington hillside community. Architectural plans, reports and surveys. Seller/Contractor is offering to sell or partner on this hillside home development with approximately 180 degree hillside view. Contemporary elegance is the vision for this open floor plan. A 3 level Home with state of the art amenities taking full advantage of the lush hillside and the starlit sky views. An attached 2 car garage, totaling 2557 Sqft of home on a 5624 sqft lot. 4 bedrooms, 3 baths, multiple skylights and balconies, a rooftop deck and additional deck off the main floor engineered for a spa/pool water feature. First level is the Garage with its own deck, Second level of the home includes the main floor living areas along with one of the bedrooms/office. The Third level of the home has 3 bedrooms including the primary suite with private balcony. Alternatively a Partnership buy is possible at $150K and will share 50/50 on expenses and profits. Initial plans available for review. Please call LA1 for more information, partnership purchase requirements and up to date status on the project

811 Oneonta Drive, Los Angeles

Listing courtesy of Listing Agent: Victor Migenes (vic@propertyconcierge.la) from Listing Office: Property Concierge.

$2,700,000
26896681 MLS
AFFORDABLE HOUSING DEVELOPMENT OPPORTUNITY! 15226 Parthenia Street is a compelling affordable housing development opportunity in the heart of North Hills. This 18,339 SF lot presents a rare opportunity to develop a 100% affordable housing project within one of the Valley's most active and established affordable housing neighborhoods. Located within a 1/2 mile of a Major Transit Stop and utilizing Citywide Housing Incentive Programs, this site has no maximum density and is otherwise only limited by FAR and Height. Based on these parameters, the site may accommodate approximately 100 residential units, subject to design efficiency and required development standards.Pricing for this opportunity offers developers an attractive basis well below prevailing market land values for affordable housing projects. Affordable housing developers commonly pay between $50,000 and $100,000 per buildable unit for land, while 15226 Parthenia St is being offered at approximately $27,000 per potential unit. Buyer to independently verify all zoning, density, FAR, parking, entitlement, affordability program eligibility, development potential and governmental requirements

15226 Parthenia Street, Los Angeles

Listing courtesy of Listing Agent: Megan Husri (Megan@swgrp.com) from Listing Office: Keller Williams Studio City.

$1,798,000
26887865 MLS
LAND VALUE SALE .... Rare Venice Beach Duplex Redevelopment Opportunity Just four blocks from the sand, this Venice Beach duplex presents an exceptional opportunity to own in one of Los Angeles' most desirable coastal neighborhoods. Set on a corner lot, the property offers immediate versatility as an income-producing asset, owner-user compound, or long-term land play in a high-demand beach market known for walkability, lifestyle appeal, and limited multifamily inventory. The existing duplex provides valuable optionality while buyers explore the site's future potential. With its premier coastal location, the property may be well positioned for redevelopment into a modern beachside multi-unit aprtment building, boutique rental residences, or another thoughtfully designed residential concept, subject to buyer investigation and applicable city, zoning, coastal, and permitting requirements. Situated two blocks from Venice Beach's main entrance at Winward Circle; this property is also within blocks of the tranquil walking paths along the Venice Canals, the Bohemian Arts district that is Abbot Kinney, the intimate cafes, restaurants and shops of Main St, and the miles of bike paths that run along the Beach. Bolstered by the creative energy that defines the Venice Beach community, this offering combines location, scale, and upside in a way rarely available. Investors, developers, and owner-users will appreciate the chance to secure a beach-close asset with both present-day utility and compelling future development potential. Highlights: a corner lot with alley access; approximately four blocks from Venice Beach; strong coastal rental and lifestyle appeal; potential redevelopment opportunity for a multi-unit residential building; close to dining, shopping, recreation, and major Westside destinations. Buyer to verify all zoning, density, rent control, coastal, permitting, and development possibilities. One Unit will be Delivered Vacant at close of Escrow.

404 Venice Way, Los Angeles

Courtesy of New South Bay Realty, Robert Romero - CA DRE#01208403

$1,500,000
26876557 MLS Palisades Hills BLDG.
15,071 square feet flat, in one of the best neighborhoods of the Palisades Highlands. The prior residence was 6,887 square feet plus a 588 square foot garage. Ocean views were available from the second level. Much of the gorgeous landscaping remains in great condition. The driveway, pool, and built-in BBQ are intact. This is the only lot on this serene cul-de-sac to be listed for sale since the fires occurred. The Palisades Hills HOA amenities include a pool and spa, two tennis courts, fitness center, basketball court, playground, and 24-hour patrol. The clubhouse is currently under reconstruction. A separate association provides a private park with a dog park, baseball field, running track, and outdoor gym. Marquez Elementary, Paul Revere, and Palisades Charter High are minutes away.

16661 Cumbre Verde Ct, Los Angeles

Courtesy of Serhant California, Inc, Theodore Tillman - CA DRE#02128851

$1,595,000
26884225 MLS
We are pleased to present 1853 Garfield Place, a 9,970 SF vacant, gated parcel of land at the intersection of Franklin Avenue and Western Avenue in Hollywood, set in the foothills of Griffith Park and immediately adjacent to Los Feliz. Offered at $1,595,000 ($160 per Sq.Ft.), the site carries R3-1 zoning and TOC Tier 3 designation, placing it in one of central Los Angeles' most supply-constrained ownership corridors. The surrounding area is defined by deep rental and ownership demand: the site sits one block from the Hollywood/Western Metro station and just 0.5 miles from Netflix headquarters, within Hollywood's expanding studio district and close to major employers including Paramount Studios, Sunset Gower Studios, Viacom, and Technicolor. Daily conveniences are equally strong, Gelson's, Target, and the 101 Freeway are two blocks away, with Los Feliz Village, Silver Lake, and Sunset Junction minutes from the front door, and the Greek Theatre and Griffith Observatory a five-minute drive. A Walk Score of 85 and Transit Score of 63 underscore the connectivity that draws condominium buyers and renters to this corridor without Westside pricing. Existing plans and permits to build 23 condominium units can be shared upon request.

1853 Garfield Pl, Los Angeles

Courtesy of Maher Commercial Realty, Nicole Lu - CA DRE#02045957

$1,798,000
26887865 MLS
LAND VALUE SALE .... Rare Venice Beach Duplex Redevelopment Opportunity Just four blocks from the sand, this Venice Beach duplex presents an exceptional opportunity to own in one of Los Angeles' most desirable coastal neighborhoods. Set on a corner lot, the property offers immediate versatility as an income-producing asset, owner-user compound, or long-term land play in a high-demand beach market known for walkability, lifestyle appeal, and limited multifamily inventory. The existing duplex provides valuable optionality while buyers explore the site's future potential. With its premier coastal location, the property may be well positioned for redevelopment into a modern beachside multi-unit aprtment building, boutique rental residences, or another thoughtfully designed residential concept, subject to buyer investigation and applicable city, zoning, coastal, and permitting requirements. Situated two blocks from Venice Beach's main entrance at Winward Circle; this property is also within blocks of the tranquil walking paths along the Venice Canals, the Bohemian Arts district that is Abbot Kinney, the intimate cafes, restaurants and shops of Main St, and the miles of bike paths that run along the Beach. Bolstered by the creative energy that defines the Venice Beach community, this offering combines location, scale, and upside in a way rarely available. Investors, developers, and owner-users will appreciate the chance to secure a beach-close asset with both present-day utility and compelling future development potential. Highlights: a corner lot with alley access; approximately four blocks from Venice Beach; strong coastal rental and lifestyle appeal; potential redevelopment opportunity for a multi-unit residential building; close to dining, shopping, recreation, and major Westside destinations. Buyer to verify all zoning, density, rent control, coastal, permitting, and development possibilities. One Unit will be Delivered Vacant at close of Escrow.

404 Venice Way, Los Angeles

Listing courtesy of Listing Agent: Robert Romero (RealEst411@aol.com) from Listing Office: New South Bay Realty.

$850,000
SR26187475 MLS
Prime development opportunity in Boyle Heights. Situated along Soto Street, a major north-south artery, the property offers excellent accessibility, with its prominent location, access to public transportation, and proximity to Downtown Los Angeles and surrounding commercial and residential destinations, this property presents an attractive opportunity for an experienced developer or investor seeking a well-located redevelopment site. The property offers a compelling opportunity for developers looking to create a new residential project in an established, active urban setting. The owner has previously prepared plans contemplating a 17-unit residential development. Based on the property’s zoning, site characteristics, and applicable regulations, a buyer may also be able to pursue a project with more units, subject to applicable approvals and verification. A future buyer may pursue an alternative development concept that could potentially increase the number of units or provide different unit configurations and sizes. Buyers are solely responsible for independently verifying all development potential, including the number of units, unit sizes, allowable uses, building envelope, parking requirements, permits, approvals, and all other applicable requirements with the appropriate City of Los Angeles departments and professionals. Seller makes no representations or warranties regarding the number of units, unit sizes, development capacity, or approvals that may ultimately be obtained. Buyers to conduct their own due diligence and satisfy themselves regarding all development possibilities prior to purchase.

335 N Soto, Los Angeles

Listing courtesy of Listing Agent: Ami Tabak (sandstonere@gmail.com) from Listing Office: Sandstone Realty Inc..

$1,500,000
26876557 MLS
15,071 square feet flat, in one of the best neighborhoods of the Palisades Highlands. The prior residence was 6,887 square feet plus a 588 square foot garage. Ocean views were available from the second level. Much of the gorgeous landscaping remains in great condition. The driveway, pool, and built-in BBQ are intact. This is the only lot on this serene cul-de-sac to be listed for sale since the fires occurred. The Palisades Hills HOA amenities include a pool and spa, two tennis courts, fitness center, basketball court, playground, and 24-hour patrol. The clubhouse is currently under reconstruction. A separate association provides a private park with a dog park, baseball field, running track, and outdoor gym. Marquez Elementary, Paul Revere, and Palisades Charter High are minutes away.

16661 Cumbre Verde Court, Los Angeles

Listing courtesy of Listing Agent: Theodore Tillman (Teddy.Tillman@Serhant.com) from Listing Office: Serhant California, Inc.

$1,595,000
26884225 MLS
We are pleased to present 1853 Garfield Place, a 9,970 SF vacant, gated parcel of land at the intersection of Franklin Avenue and Western Avenue in Hollywood, set in the foothills of Griffith Park and immediately adjacent to Los Feliz. Offered at $1,595,000 ($160 per Sq.Ft.), the site carries R3-1 zoning and TOC Tier 3 designation, placing it in one of central Los Angeles' most supply-constrained ownership corridors. The surrounding area is defined by deep rental and ownership demand: the site sits one block from the Hollywood/Western Metro station and just 0.5 miles from Netflix headquarters, within Hollywood's expanding studio district and close to major employers including Paramount Studios, Sunset Gower Studios, Viacom, and Technicolor. Daily conveniences are equally strong, Gelson's, Target, and the 101 Freeway are two blocks away, with Los Feliz Village, Silver Lake, and Sunset Junction minutes from the front door, and the Greek Theatre and Griffith Observatory a five-minute drive. A Walk Score of 85 and Transit Score of 63 underscore the connectivity that draws condominium buyers and renters to this corridor without Westside pricing. Existing plans and permits to build 23 condominium units can be shared upon request.

1853 Garfield Place, Los Angeles

Listing courtesy of Listing Agent: Nicole Lu (nicole@mahercr.com) from Listing Office: Maher Commercial Realty.

$150,000
26876941 MLS
Rare opportunity to own a 6,454-square-foot vacant residential lot in the hills of Mount Washington. Located on a quiet residential street surrounded by greenery and hillside homes, the property offers a peaceful setting while still being close to everything Northeast Los Angeles has to offer. Enjoy convenient access to Highland Park's shops, restaurants and cafes, along with nearby hiking trails, parks, the Metro A Line and Downtown Los Angeles. Zoned LAR1, this lot is a great opportunity for a developer, investor or buyer looking to build a custom home in one of Northeast LA's most desirable hillside neighborhoods. Bring your architect and explore the possibilities. Buyer to independently verify zoning, utilities, access, lot boundaries, building requirements and all development potential with the appropriate city departments.

754 Pheasant Dr, Los Angeles

Courtesy of Keller Williams Los Angeles, Michael R. Fukushima - CA DRE#01380445

$150,000
26876941 MLS
Rare opportunity to own a 6,454-square-foot vacant residential lot in the hills of Mount Washington. Located on a quiet residential street surrounded by greenery and hillside homes, the property offers a peaceful setting while still being close to everything Northeast Los Angeles has to offer. Enjoy convenient access to Highland Park's shops, restaurants and cafes, along with nearby hiking trails, parks, the Metro A Line and Downtown Los Angeles. Zoned LAR1, this lot is a great opportunity for a developer, investor or buyer looking to build a custom home in one of Northeast LA's most desirable hillside neighborhoods. Bring your architect and explore the possibilities. Buyer to independently verify zoning, utilities, access, lot boundaries, building requirements and all development potential with the appropriate city departments.

754 Pheasant Drive, Los Angeles

Listing courtesy of Listing Agent: Michael R. Fukushima (mfukushima@total-realtygroup.com) from Listing Office: Keller Williams Los Angeles.

$2,350,000
26876529 MLS
Perched on the coveted Chautauqua Rim above Sunset Blvd with sweeping canyon views, this vacant lot offers an approximately 18,000 sqft parcel with a flat graded pad combined with a downhill slope. A site Analysis by AvG Consulting, dated 8/31/26, illustrates that the parcel offers an allowable (non-exempt) residential floor area of 8,150 sqft. A buyer can also explore (exempt) floor areas to include a basement, accessory living quarters and ADU. The property offers exceptional potential to create a custom home that combines privacy, views, and scale in the revitalizing Pacific Palisades. Ideally located near the Palisades Village, which recently celebrated a grand reopening featuring new eateries and shops. Nearby acclaimed coastal amenities, top-tier schools, the beach, and hiking trails. An excellent opportunity to create your custom vision in what will be LA's most coveted neighborhoods. The lot has completed both Phase I & II of debris and materials removal. The sale is subject to the completion of the lot line adjustment shown in the attached Topographic Survey of 824 Chautauqua by Jack Little Company, dated 3.4.2026.

824 Chautauqua Blvd, Los Angeles

Courtesy of Compass, Joshua Gaunya - CA DRE#01503643

$2,350,000
26876529 MLS
Perched on the coveted Chautauqua Rim above Sunset Blvd with sweeping canyon views, this vacant lot offers an approximately 18,000 sqft parcel with a flat graded pad combined with a downhill slope. A site Analysis by AvG Consulting, dated 8/31/26, illustrates that the parcel offers an allowable (non-exempt) residential floor area of 8,150 sqft. A buyer can also explore (exempt) floor areas to include a basement, accessory living quarters and ADU. The property offers exceptional potential to create a custom home that combines privacy, views, and scale in the revitalizing Pacific Palisades. Ideally located near the Palisades Village, which recently celebrated a grand reopening featuring new eateries and shops. Nearby acclaimed coastal amenities, top-tier schools, the beach, and hiking trails. An excellent opportunity to create your custom vision in what will be LA's most coveted neighborhoods. The lot has completed both Phase I & II of debris and materials removal. The sale is subject to the completion of the lot line adjustment shown in the attached Topographic Survey of 824 Chautauqua by Jack Little Company, dated 3.4.2026.

824 Chautauqua Boulevard, Los Angeles

Listing courtesy of Listing Agent: Joshua Gaunya (josh@livlocale.com) from Listing Office: Compass.

$1,395,000
26876337 MLS
We are pleased to present 3042 Royal St., an exceptional development opportunity in one of the most sought-after pockets of the USC student housing market, just steps from USC Village and the University of Southern California. Situated on a 5,424 SF lot with valuable alley access, the property offers a rare combination of location, zoning, and development flexibility. Located in an area where well-designed student housing can command premier rents, the property offers developers multiple potential paths to maximize the site. LAR3-zoned development sites are extremely rare within the USC student housing submarket, making the property particularly attractive for developers seeking density in a highly constrained location. The property allows for up to 6 units by right plus ADUs and is also located within a TOC Tier 3 designation, providing the potential for up to 12 TOC units plus ADUs, subject to buyer verification. Importantly, the property has been vacant for more than five years, potentially allowing a developer to redevelop the site without replacement affordable housing requirements and pursue a fully market-rate student housing project, subject to buyer verification. Alternatively, a buyer may explore renovating and expanding the existing approximately 1,566 SF structure, creating additional density while preserving and enhancing the existing improvements. With strong housing demand driven by USC, the potential to achieve premier student housing rents, LAR3 zoning, TOC Tier 3 incentives, alley access, and multiple redevelopment strategies, 3042 Royal St. represents a compelling opportunity to develop or reposition a property in the heart of the USC student housing market.

3042 Royal St, Los Angeles

Courtesy of Keller Williams Beverly Hills, Adam Shamooelian - CA DRE#02116849

$2,395,000
26876253 MLS
We are pleased to present 3015 Shrine Pl., a premier development opportunity located in the heart of the USC student housing market, just moments from USC Village and the University of Southern California. Positioned on an expansive 10,071 SF lot with alley access, the property offers developers a rare chance to acquire a large LAR3-zoned site with multiple redevelopment strategies in one of the most supply-constrained areas surrounding USC. The property's LAR3 zoning allows for up to 12 units by right plus ADUs, while its TOC Tier 3 designation provides the potential for up to 23 TOC units, subject to buyer verification. LAR3 development sites of this scale are extremely difficult to find within the USC student housing submarket, creating an attractive opportunity for a developer seeking to build a higher-density project capable of commanding premier student housing rents. At approximately $238 per land square foot, the property offers an attractive entry basis for a large, premium LAR3-zoned development site with TOC Tier 3 incentives in the USC student housing market. Another key advantage is the property's occupancy history. 3015 Shrine Pl. is currently vacant and has not been rented at any point during the past five years, potentially providing a path to redevelopment without replacement affordable housing requirements and allowing for a fully market-rate student housing project, subject to buyer verification. For buyers looking to pursue an alternative strategy, the existing approximately 1,988 SF structure may also provide an opportunity for renovation, expansion, and the addition of further density while retaining the existing improvements. With its substantial lot size, LAR3 zoning, TOC Tier 3 incentives, alley access, favorable vacancy history, compelling land basis, and proximity to USC, 3015 Shrine Pl. offers a unique opportunity to create a significant student housing project in one of the strongest rental pockets surrounding the University.

3015 Shrine Pl, Los Angeles

Courtesy of Keller Williams Beverly Hills, Adam Shamooelian - CA DRE#02116849

$1,395,000
26876337 MLS
We are pleased to present 3042 Royal St., an exceptional development opportunity in one of the most sought-after pockets of the USC student housing market, just steps from USC Village and the University of Southern California. Situated on a 5,424 SF lot with valuable alley access, the property offers a rare combination of location, zoning, and development flexibility. Located in an area where well-designed student housing can command premier rents, the property offers developers multiple potential paths to maximize the site. LAR3-zoned development sites are extremely rare within the USC student housing submarket, making the property particularly attractive for developers seeking density in a highly constrained location. The property allows for up to 6 units by right plus ADUs and is also located within a TOC Tier 3 designation, providing the potential for up to 12 TOC units plus ADUs, subject to buyer verification. Importantly, the property has been vacant for more than five years, potentially allowing a developer to redevelop the site without replacement affordable housing requirements and pursue a fully market-rate student housing project, subject to buyer verification. Alternatively, a buyer may explore renovating and expanding the existing approximately 1,566 SF structure, creating additional density while preserving and enhancing the existing improvements. With strong housing demand driven by USC, the potential to achieve premier student housing rents, LAR3 zoning, TOC Tier 3 incentives, alley access, and multiple redevelopment strategies, 3042 Royal St. represents a compelling opportunity to develop or reposition a property in the heart of the USC student housing market.

3042 Royal Street, Los Angeles

Listing courtesy of Listing Agent: Adam Shamooelian (Adam@shamooeliangroup.com) from Listing Office: Keller Williams Beverly Hills.

$2,395,000
26876253 MLS
We are pleased to present 3015 Shrine Pl., a premier development opportunity located in the heart of the USC student housing market, just moments from USC Village and the University of Southern California. Positioned on an expansive 10,071 SF lot with alley access, the property offers developers a rare chance to acquire a large LAR3-zoned site with multiple redevelopment strategies in one of the most supply-constrained areas surrounding USC. The property's LAR3 zoning allows for up to 12 units by right plus ADUs, while its TOC Tier 3 designation provides the potential for up to 23 TOC units, subject to buyer verification. LAR3 development sites of this scale are extremely difficult to find within the USC student housing submarket, creating an attractive opportunity for a developer seeking to build a higher-density project capable of commanding premier student housing rents. At approximately $238 per land square foot, the property offers an attractive entry basis for a large, premium LAR3-zoned development site with TOC Tier 3 incentives in the USC student housing market. Another key advantage is the property's occupancy history. 3015 Shrine Pl. is currently vacant and has not been rented at any point during the past five years, potentially providing a path to redevelopment without replacement affordable housing requirements and allowing for a fully market-rate student housing project, subject to buyer verification. For buyers looking to pursue an alternative strategy, the existing approximately 1,988 SF structure may also provide an opportunity for renovation, expansion, and the addition of further density while retaining the existing improvements. With its substantial lot size, LAR3 zoning, TOC Tier 3 incentives, alley access, favorable vacancy history, compelling land basis, and proximity to USC, 3015 Shrine Pl. offers a unique opportunity to create a significant student housing project in one of the strongest rental pockets surrounding the University.

3015 Shrine Place, Los Angeles

Listing courtesy of Listing Agent: Adam Shamooelian (Adam@shamooeliangroup.com) from Listing Office: Keller Williams Beverly Hills.

Information Deemed Reliable But Not Guaranteed. © 2026 CARETS ®

Based on information from CRISNet MLS as of All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.