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3024 Royal St - Premier USC Student Housing Lot Assemblage 0.5 Acres of Commercial Land Offered at $8,542,380 CAD in Los Angeles, CA 90007
Investment Highlights
- Prime Location Near USC Village & Campus
- Located Within the USC DPS Patrol Zone
- TOC Tier 3 Development Potential
- 21,696 SF Contiguous LAR3 Assemblage
- Rare Large-Scale Development Opportunity in the USC Market
- Exceptional Location for Premium Student Housing Rents
Executive Summary
It is exceptionally rare for three side-by-side parcels of this scale to become available this close to campus. Positioned within the DPS Patrol Zone, the assemblage sits in the most desirable pocket of the USC market, offering an unparalleled location within close proximity to USC Village and within walking distance of the university.
The assemblage provides developers with the opportunity to control a significant land position in a market where large development sites are increasingly difficult to assemble. With strong housing demand driven by the university and limited opportunities for new development this close to campus, the property is well positioned for a premier student housing development. The site is also located within a TOC Tier 3 designation, providing the potential for additional development incentives & density.
With 21,696 SF of contiguous LAR3-zoned land in the most desirable pocket of the USC market, The Royal Street Assemblage represents one of the most significant development opportunities to come available near USC Village and the University of Southern California in recent years.
Please note: 3024 Royal St. is part of the Royal Street Assemblage, which also includes 3014 and 3018 Royal St. The complete three-property assemblage is offered at $6,000,000.
*All information is deemed reliable but not guaranteed. Buyer is advised to independently verify all information and conduct its own due diligence.
Property Facts
| Price | $8,542,380 CAD | Property Subtype | Commercial |
| Sale Type | Investment | Total Lot Size | 0.50 AC |
| No. Lots | 1 | Opportunity Zone |
Yes
|
| Property Type | Land | ||
| Zoning | LAR3 - Restricted Density Multiple Dwelling | ||
| Price | $8,542,380 CAD |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Total Lot Size | 0.50 AC |
| Opportunity Zone |
Yes |
| Zoning | LAR3 - Restricted Density Multiple Dwelling |
1 Lot Available
Lot
| Price | $8,542,380 CAD | Lot Size | 0.50 AC |
| Price Per AC | $17,150,894.04 CAD |
| Price | $8,542,380 CAD |
| Price Per AC | $17,150,894.04 CAD |
| Lot Size | 0.50 AC |
3024 Royal Street is part of a rare assemblage of three contiguous parcels strategically located in Los Angeles’ University Park neighborhood, just steps from USC Village and the University of Southern California campus.
Description
The property at 3024 Royal Street is part of a rare assemblage of three contiguous parcels strategically located in Los Angeles’ University Park neighborhood, just steps from USC Village and the University of Southern California campus. Collectively known as The Royal Street Assemblage, these sites combine to offer approximately 21,696 square feet (0.50 acres) of land positioned within the USC Department of Public Safety Patrol Zone, ensuring a secure and desirable setting for student-oriented development.
Property Taxes
| Parcel Numbers | Improvements Assessment | $277,034 CAD | |
| Land Assessment | $671,438 CAD | Total Assessment | $948,472 CAD |
Property Taxes
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3024 Royal St - Premier USC Student Housing Lot Assemblage
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