1167 W 29th Street 5055028025
Los Angeles, CA, 90007
$1,975,000
Beds
0 Baths
SqFt
0.2 Acres
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* PREMIUM USC DEVELOPMENT LOT – BUILD UP TO 9 UNITS NEAR CAMPUS:
Bring your vision to life on this prime multi-family lot just one block from the University of Southern California (USC) — one of L.A.’s most vibrant and fast-growing neighborhoods. Whether you’re looking to develop sleek student housing or modern long-term rentals, this property is a rare opportunity to create something exceptional in a high-demand, walkable location.

* PROPERTY HIGHLIGHTS:
Oversized 60 ft x 145 ft lot (8,700 sq ft),
Zoned RD1.5-1-O (multi-family residential),
Build up to 5 dwelling units by-right, and up to 9 units with TOC Tier 3 bonus,
Room limit of 4 habitable rooms per unit to avoid CUP (Conditional Use Permit) under the NSO overlay,
Setbacks: 15 ft front and 15 ft rear (typical),
Max building height: 45 feet / 3 stories,
No on-site parking required with TOC bonus,
Quiet residential street surrounded by modern multi-unit developments,
Just blocks from USC’s campus, libraries, and cultural venues,
1 Block from Target / Trader Joes

* WHY IT STANDS OUT:
USC is a top global university, ranked #1 in Film, and highly regarded in Business and Real Estate,
Year-round rental demand from USC students and graduate programs,
Located in a Transit Priority Area (TPA) — streamlining environmental review under CEQA,
Walking distance to public transit, dining, and cultural hot spots,
One of the last large vacant lots near USC,
Ideal site to develop purpose-built, high-yield rental housing,
Rated one of the safest area that’s close to USC

* KNOW BEFORE YOU BUILD:
Property is located within the North University Park HPOZ — all exterior work and demolition require Historic Preservation review
Located in the NSO Overlay — units with 5 or more habitable rooms will require a Conditional Use Permit (CUP)
Buyer to verify all development entitlements, zoning conditions, and HPOZ compliance,
Sold as-is

* DON&#39'T WAIT – THIS WON&#39'T LAST:
Seize this rare opportunity to build in one of L.A.’s most prestigious and high-growth neighborhoods. Design your next standout project near USC — where demand, walkability, and long-term return intersect.

* Schedule your walk-through or consultation today.

Property Details

Price:
$1,975,000
MLS #:
SB24246712
Status:
Active
Baths:
0
Address:
1167 W 29th Street 5055028025
Type:
Land
Neighborhood:
c42downtownla
City:
Los Angeles
Listed Date:
Dec 9, 2024
State:
CA
ZIP:
90007
Lot Size:
8,708 sqft / 0.20 acres (approx)
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1167 W 29th Street 5055028025
Los Angeles, CA