Rare offering just minutes from the University of Southern California (USC)! This property is being delivered RTI (Ready-To-Issue) with fully approved plans for a new 3-story duplex plus an attached ADU. Altogether, the project is designed to create 31 suites — each with a private bedroom and bathroom, complemented by… Read More expansive kitchens and large common areas, perfect for modern co-living or student housing.
Currently, the lot features a single-family residence in livable condition, allowing flexibility for immediate rental income while preparing for construction. The thoughtfully designed plans maximize the site’s potential under R2 zoning, providing investors and developers with a rare opportunity to bring a high-demand housing product to the USC area.
Key Highlights:
RTI approved for duplex + ADU, totaling 31 beds & 31 baths
Prime location adjacent to USC – ideal for student housing
Elimination of SB 8 and No Rent Stabilization Ordinance (RSO) for this property, offering greater freedom in rental strategy
Delivered with complete drawings, engineering, and city approval for immediate build-out
Current structure: single-family home in decent condition on site
Close to major freeways, dining, shopping, and Downtown Los Angeles
This is a turnkey development opportunity with all the heavy lifting already completed. The seller has invested significant time and resources to secure approvals, making this a unique chance for developers, investors, and builders seeking high returns in a supply-constrained market. Read Less
Property listed by Wetrust Realty, ANITA LEE 626-235-2695
Listing Snapshot
Days Online
1
Last Updated
Property Type
SingleFamilyResidence
Beds
4
Full Baths
2
Square Ft.
1,589
Lot Size
0.16 Acres
Year Built
1924
MLS Number
WS26047352
Additional Details
Building
Built in 1924, Living area: 1589.0, Living area units: SquareFeet, 1 storey, Levels: One, Entry level: 1, Entry location: Ground
Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. 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.
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