Los Angeles, CA 90007 1167 W 29th Street

1167 W 29th Street Los Angeles, CA - Image 11167 W 29th Street Los Angeles, CA - Image 21167 W 29th Street Los Angeles, CA - Image 3
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1167 W 29th Street Los Angeles, CA - Image 41167 W 29th Street Los Angeles, CA - Image 51167 W 29th Street Los Angeles, CA - Image 61167 W 29th Street Los Angeles, CA - Image 7
Presented By: John Corrales with Vista Sotheby’s International Realty; 310-346-3332
  • California Regional MLS (CRMLS) - 25 - CA
  • MLS# SB24246712
  • 12/09/2024
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Disclaimer: The information contained in this listing has not been verified by Sell Buy OC Homes and should be verified by the buyer.

Home Details

* PREMIUM USC DEVELOPMENT LOT - BUILD UP TO 9 UNITS NEAR CAMPUS: Bring your vision to life on this prime multi-family lot just one block from the University of Southern California (USC) — one of L.A.’s most vibrant and fast-growing neighborhoods. Whether you’re looking to develop sleek student housing or modern long-term rentals, this property is a rare opportunity to create something exceptional in a high-demand, walkable location. * PROPERTY HIGHLIGHTS: Oversized 60 ft x 145 ft lot (8,700 sq ft), Zoned RD1.5-1-O (multi-family residential), Build up to 5 dwelling units by-right, and up to 9 units with TOC Tier 3 bonus, Room limit of 4 habitable rooms per unit to avoid CUP (Conditional Use Permit) under the NSO overlay, Setbacks: 15 ft front and 15 ft rear (typical), Max building height: 45 feet / 3 stories, No on-site parking required with TOC bonus, Quiet residential street surrounded by modern multi-unit developments, Just blocks from USC’s campus, libraries, and cultural venues, 1 Block from Target / Trader Joes * WHY IT STANDS OUT: USC is a top global university, ranked #1 in Film, and highly regarded in Business and Real Estate, Year-round rental demand from USC students and graduate programs, Located in a Transit Priority Area (TPA) — streamlining environmental review under CEQA, Walking distance to public transit, dining, and cultural hot spots, One of the last large vacant lots near USC, Ideal site to develop purpose-built, high-yield rental housing, Rated one of the safest area that’s close to USC * KNOW BEFORE YOU BUILD: Property is located within the North University Park HPOZ — all exterior work and demolition require Historic Preservation review Located in the NSO Overlay — units with 5 or more habitable rooms will require a Conditional Use Permit (CUP) Buyer to verify all development entitlements, zoning conditions, and HPOZ compliance, Sold as-is * DON'T WAIT - THIS WON'T LAST: Seize this rare opportunity to build in one of L.A.’s most prestigious and high-growth neighborhoods. Design your next standout project near USC — where demand, walkability, and long-term return intersect. * Schedule your walk-through or consultation today.
Presented By: John Corrales with Vista Sotheby’s International Realty; 310-346-3332

Interior Features for 1167 W 29th Street

Other Interior Features

Air Conditioning Y/NNo
Basement (Y/N)No
Fireplace Y/NNo
Heating Y/NNo

General for 1167 W 29th Street

Additional Parcels Y/NNo
Attached Garage No
Carport Y/NNo
CityLos Angeles
Community FeaturesBiking, Curbs, Gutters, StreetLights
CountyLos Angeles
DirectionsVermont and 29th Street are the cross streets
Electric On Property Y/NNo
Garage Y/NNo
HOANo
HOA Fee$0.0
Home Warranty Y/NNo
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Listing TermsConventional
Lot Size Square Feet8708.0
Lot Size UnitsSquareFeet
MLS AreaC42 - Downtown L.A.
MobileHomeRemainsYNNo
New ConstructionNo
Property Attached Y/NNo
Property TypeLand
Rent Control Y/NNo
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
UtilitiesSewerConnected, WaterConnected
ViewNone
Waterfront Y/NNo
ZoningRD 1.5-1.0

Exterior for 1167 W 29th Street

Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesZeroToOneUnitAcre
Lot Size Acres0.1999
Lot Size Area8708.0
Open Parking Y/NNo
Private PoolNo
Road Surface TypePaved
SpaNo
Water SourcePublic

Additional Details

Price History

Hal Schlegel

Broker Associate
Price $1,975,000
MLS#SB24246712
List Date 12/09/2024
Property Type Land
Phone 714.742.6515
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Request Info
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