Description

The Shamooelian Real Estate Group is pleased to present the opportunity to acquire this 7,000 SF lot Student Housing Development opportunity located at 1165-1167 W. 37th Place, half a block away from the University of Southern California (USC). The site offers a zoning ordinance of LARD1.5, which allows for the construction of 4 units by right and 7 units using the TOC Tier 3 Density Bonus, as well as the opportunity to add multiple ADU's (buyer to verify). There is an owner occupied duplex currently on the lot, which will be delivered 100% vacant (seller to assist in SB8 exemption). The property offers residents a highly desirable location with close proximity to campus & University Village, providing easy access to all of USCs landmarks, academic buildings, and entertainment. Additionally, the property is located in the DPS patrol zone, providing security for the area.