1167 W 29th Street, Los Angeles, CA 90007 (MLS # 25566687)

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PRICE $1,825,000 dsIDX morgage calculator
BEDS 2
BATHS 1
HOME SIZE 1,260 sqft
LOT SIZE 8,708 sqft
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Exceptional development opportunity just one block from USC in one of Los Angeles' most vibrant and fast-growing neighborhoods. This oversized 8,700 sq ft lot is zoned RD1.5-1-O and offers the potential to build up to five units by-right or up to nine units with a TOC Tier 3 bonus (buyer to confirm). With no on-site parking required under TOC, generous setbacks, and a max height allowance of 45 feet, this site is ideal for sleek student housing or modern long-term rentals in a high-demand, location. Situated on a quiet residential street surrounded by newer multi-family developments, the property is just moments from USC's campus, cultural landmarks, public transit, and retail favorites like Target and Trader Joe's. Located in a Transit Priority Area (TPA) and one of the safest residential pockets near USC, it offers consistent year-round rental demand from students and graduate programs. This property falls within the North University Park HPOZ and NSO Overlay, so buyers should verify development entitlements, CUP requirements for room count, and historic preservation guidelines. With very few large vacant lots remaining near USC, this is a rare chance to create a high-yield project in one of L.A.'s most prestigious and opportunity-rich neighborhoods. Don't miss out.

DAYS ON MARKET 1 LAST UPDATED 7/18/2025
YEAR BUILT 1915 COMMUNITY C16 - Mid Los Angeles
COUNTY Los Angeles STATUS Active
PROPERTY TYPE(S) Multi Family


ADDITIONAL DETAILS
AIR None
AREA C16 - Mid Los Angeles
HEAT None
LOT 8708 sq ft
LOT DIMENSIONS 60x145
PARKING None
STORIES 1
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Listing provided by : Victoria Aguilar CalDRE: W, Nelson Shelton & Associates

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