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    836--842 W 42nd Pl

    Los Angeles, CA 90037
    • $2,500,000
    • STATUS: Active
    • ON SITE: 24 days
    • ID#: 20-640430
    UPDATED: 56 min ago
    $2,500,000
    • 0
      BEDS
    • 0.32
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Vacant Land / Lots
    County:

    School Ratings & Info

    Description

    The subject site offers a developer a rare opportunity to purchase a ready to issue (RTI) 31 unit development site located within one mile of the University of Southern California campus. The development is unique in the sense that the majority of the units are large 4 and 5 bedroom units, making it ideal for student housing, co-living, section 8 housing, or standard leasing. The property sits mid-block in a TOC Tier 3 zone and is surrounded by multiple Metro stops. A developer could benefit tremendously by building in this location, given the relative lack of competition from other new development projects in the immediate submarket.

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-10-26T08:42:19.613. 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.
    www.lydiagable.com/homes/110579511
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    836--842 W 42nd Pl Los Angeles, CA 90037

    • Price: $2,500,000
    • Status: Active
    • Updated: 56 min ago
    • ID#: 20-640430
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.32
    Acres
    Neighborhood:
    Los Angeles Southwest
    County:
    Los Angeles
    Area:
    Los Angeles Southwest
    Property Description
    The subject site offers a developer a rare opportunity to purchase a ready to issue (RTI) 31 unit development site located within one mile of the University of Southern California campus. The development is unique in the sense that the majority of the units are large 4 and 5 bedroom units, making it ideal for student housing, co-living, section 8 housing, or standard leasing. The property sits mid-block in a TOC Tier 3 zone and is surrounded by multiple Metro stops. A developer could benefit tremendously by building in this location, given the relative lack of competition from other new development projects in the immediate submarket.
    Exterior Features

    Cross Streets 42nd Place And S. Hoover Street Horse YN No Lot Location Near Public Transit Lot Size Area 14161 View Description None View YN No Water Frontage None

    Property Features

    Cable YN Yes Potential Usage Student HousingCo-LivingSection 8 HousingOr Standard Leasing Public Street YN True Sale Type Standard Source Lot Size Area Developer Zoning Lar3

    Listing provided courtesy of Oron Maher DRE#02062365 of California Real Property, Inc.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-10-26T08:42:19.613. 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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    Lydia Gable Realty Group | Compass
    2945 Townsgate Road Suite 300
    Westlake Villiage CA, 91377