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$ 1,825,000
Est. payment /mo
New
1167 W 29th ST Los Angeles, CA 90007
2 Beds
1 Bath
1,260 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 1,260 sqft
Price per Sqft $1,448
MLS Listing ID 25566687
Bedrooms 2
HOA Y/N No
Year Built 1915
Lot Size 8,707 Sqft
Property Description
Exceptional development opportunity just one block from USC in one of Los Angeles' most vibrant and fast-growing neighborhoods. This oversized 8,700 sq ft lot is zoned RD1.5-1-O and offers the potential to build up to five units by-right or up to nine units with a TOC Tier 3 bonus (buyer to confirm). With no on-site parking required under TOC, generous setbacks, and a max height allowance of 45 feet, this site is ideal for sleek student housing or modern long-term rentals in a high-demand, location. Situated on a quiet residential street surrounded by newer multi-family developments, the property is just moments from USC's campus, cultural landmarks, public transit, and retail favorites like Target and Trader Joe's. Located in a Transit Priority Area (TPA) and one of the safest residential pockets near USC, it offers consistent year-round rental demand from students and graduate programs. This property falls within the North University Park HPOZ and NSO Overlay, so buyers should verify development entitlements, CUP requirements for room count, and historic preservation guidelines. With very few large vacant lots remaining near USC, this is a rare chance to create a high-yield project in one of L.A.'s most prestigious and opportunity-rich neighborhoods. Don't miss out.
Location
State CA
County Los Angeles
Area C16 - Mid Los Angeles
Zoning LARD1.5
Interior
Heating None
Cooling None
Fireplace No
Exterior
Parking Features None
Total Parking Spaces 2
Building
Story 1
Entry Level One
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 5055028025
Special Listing Condition Standard
Listed by Victoria Aguilar Nelson Shelton & Associates