1146 W 35th Street presents a near-RTI development opportunity located just blocks from the University of Southern California (USC). The project is approved under TOC Tier 3 incentives for a 15-unit residential development configured as a high-bed-count (~39-40 beds) student housing project. The site is vacant and cleared, with entitlements well advanced, including CEQA exemption, LAHD covenant drafted, and LADWP power approved with fees pending. Positioned in a strong student housing submarket, the project offers the ability to maximize rental income per bed while benefiting from consistent demand driven by USC’s growing student population. Rare opportunity to acquire a high-density development site in a prime infill location near USC, Exposition Park, and surrounding amenities.
| MLS # | SB26085382 |
|---|---|
| Listing Type | For Sale |
| Style | Unimprovedland |
| Sub-Type | Resale |
| Status | Active |
| Days On Site | 137 |
| Listing Provided By | Lyon Stahl Investment Real Estate, Inc. | John Stiegler II |
| Acreage | 0.16 |
|---|
| Lot Features | Rectangular Lot |
|---|
| Utilities | Water Not Available |
|---|
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90007 |
| Area | C34 Los Angeles Southwest |
| Listing VS Median (in 90007) | |
Price: $2,949,000 low | high Med: $1,499,500 On site: 137 low | high Med: 173.5 | |
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90007 |
| Area | C34 Los Angeles Southwest |
| Listing VS Median (in 90007) | |
Price: $2,949,000 low | high Med: $1,499,500 On site: 137 low | high Med: 173.5 | |
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