$1,295,000
1229 W 37th Dr, Los Angeles, CA 90007
ATTENTION USC STUDENT HOUSING DEVELOPERS: Rare TOC Tier 3 development opportunity in the heart of the USC DPS Patrol Zone, less than 1 block from campus. 6,600 SF lot zoned LARD2 with confirmed TOC Tier 3 incentives supports a development of approximately 7 units / 28+ beds under density bonus + ADU/JADU stack (buyer to verify with architect). Property to be delivered 100% VACANT at close of escrow — no RSO relocation costs, no tenant buyouts, no holding delays. Existing 3-unit improvement (2012-built rear units + front house, 5 bd / 3 ba total) provides optional holding income during entitlement, or immediate demolition to begin construction. Developer buyers — call listing agent for offering memorandum and feasibility study. Owner is motivated; reviewing offers on a rolling basis. Buyer to verify all development potential, zoning, and entitlement options with City of Los Angeles Planning and own consultants. Tours by appointment only — please do not disturb existing occupants.
Last updated: Sep 13, 2026 at 6:01 AM
Listed by RICARDO GONZALEZ (323) 702-1832
Brokerage: CITYWIDE ELITE REALTY (626) 607-0139
Details provided by California Regional MLS
MLS ID: WS26106991
Payment calculations are estimates and exact amounts will be confirmed by your agent.
Assumable Alert provides informational property-discovery and client-service tools; it is not a lender, loan servicer, or guarantor. See the Terms of Use.
Based on information from California Regional MLS 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.
Assumable Alert is committed to and abides by the Fair Housing Act and the principles of Equal Housing Opportunity.