3024 Royal St - Commercial LAND FOR SALE


Los Angeles, CA 90007- West Adams21,697 SF
$6,000,000 USD
310-658-2668
3024 Royal St, Los Angeles, CA for Sale
$6,000,000 USD
Commercial LAND - FOR SALE
1/9
21,697 SF

3024 Royal St
Los Angeles, CA 90007
West Adams


HIGHLIGHTS

  • Prime Location Near USC Village & Campus
  • 21,696 SF Contiguous LAR3 Assemblage
  • Located Within the USC DPS Patrol Zone
  • Rare Large-Scale Development Opportunity in the USC Market
  • TOC Tier 3 Development Potential
  • Exceptional Location for Premium Student Housing Rents

OVERVIEW

We are pleased to present The Royal Street Assemblage, a rare opportunity to acquire 21,696 SF of contiguous LAR3-zoned land at 3014, 3018, and 3024 Royal St., located just steps from USC Village and the University of Southern California. 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.

FOR SALE DETAILS

PRICE

$6,000,000 USD

PRICE/ACRE

$12,046,451/AC

PRICE/SF

$277 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY NAME

Premier USC Student Housing Lot Assemblage

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Commercial

LAND PROPOSED USE

-

LAND ACRES

0.5 AC

LAND SF

21,696 SF

OFFSITE IMPROVEMENTS

-

ZONING

LAR3

APN/PARCEL ID

5123-011-003,5123-011-004,5123-011-005

ASK ABOUT THIS PROPERTY

Adam ShamooelianKW Commercial Beverly HillsMore Info
310-658-2668

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Adam ShamooelianKW Commercial Beverly HillsMore Info
310-658-2668

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.