Listed by Lyon Stahl Investment Real Estate
$3,800,000
USC Student Housing Development Site | Near-RTI
Details
APN 5040028021
Property Type Land
Sub Type Lots/Land
Acreage 0.155
Residential Development | Near-RTI
Marketing description
1146 W 35th Street presents a rare development opportunity located just blocks from the University of Southern California (USC). The property is approved under TOC Tier 3 incentives for a 15-unit residential project configured as a high-bed-count (~3940 beds) student housing development. 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 potential to maximize rental income per bed with consistent demand from USCs growing student population. Excellent opportunity for a developer to acquire a high-density project in a prime infill location near USC, Exposition Park, and surrounding amenities.
Investment highlights
- Near-RTI Development Opportunity
- TOC Tier 3 Approved (High Density)
- Approved for 15 Units | ~39–40 Bed Student Housing Project
- CEQA Exempt – No Environmental Review Required
- Vacant & Cleared Site
- LAHD Covenant Drafted
- LADWP Power Approved (Fees Pending)
- Low Impact Development (LID) Approval Secured
- Located Within Walking Distance to USC
- Prime Student Housing Submarket with Strong Demand
- High Bed Count Design Maximizing Rent per Unit
- Substantially De-Risked Development with Advanced Entitlements
Listing Contacts
Listed by Lyon Stahl Investment Real Estate
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