*This property is part of the USC Development Land Portfolio - May be purchased together or separately.* Exceptional development or value-add opportunity located at 3042 Royal St., just steps from the USC Main Campus and USC Village. This vacant duplex sits on a 5,424 sq. ft. LAR3-zoned lot and currently includes two separate structures totaling approximately 1,566 sq. ft. of building area. The site offers flexible options, including the ability to build up to 6 units by right or up to 10 units with TOC Tier incentives (buyer to verify). Investors may also choose to rehab the existing duplex and add ADUs to maximize rental income. With strong year-round student demand and unmatched walkability to campus, dining, and retail, this property is located in one of Los Angeles' most sought-after rental submarkets. Don’t miss your chance to capitalize on a prime infill asset in a proven income-generating location. Per Zimas zoning information, LAR3-1-O, ZI-2374 State Enterprise Zone: Los Angeles, ZI-2397 Neighborhood Stabilization Ordinance: North University Park-Exposition Park-West Adams, ZI-2452 Transit Priority Area in the City of Los Angeles, ZI-2488 Redevelopment Project Area: Exposition/University Park.