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3014 Royal ST Los Angeles, CA 90007
7,230 Sqft Lot
UPDATED:
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID 26849467
HOA Y/N No
Lot Size 7,230 Sqft
Property Description
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 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. *All information is deemed reliable but not guaranteed. Buyer is advised to independently verify all information and conduct its own due diligence. Please note: 3014 Royal St. is part of the Royal Street Assemblage, which also includes 3018 and 3024 Royal St. The complete three-property assemblage is offered at $6,000,000.
Location
State CA
County Los Angeles
Area C42 - Downtown L.A.
Zoning LAR3
Interior
Fireplace No
Exterior
View Y/N Yes
Building
New Construction No
Others
Senior Community No
Tax ID 5123011003
Special Listing Condition Standard
Listed by Adam Shamooelian Keller Williams Beverly Hills #02116849