3018 Royal Street

Los Angeles, CA 90007

About this property

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. *All information is deemed reliable but not guaranteed. Buyer is advised to independently verify all information and conduct its own due diligence. Please note: 3018 Royal St. is part of The Royal Street Assemblage, which also includes 3014 and 3024 Royal St. The complete three-property assemblage is offered at $6,000,000.

About this property

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. *All information is deemed reliable but not guaranteed. Buyer is advised to independently verify all information and conduct its own due diligence. Please note: 3018 Royal St. is part of The Royal Street Assemblage, which also includes 3014 and 3024 Royal St. The complete three-property assemblage is offered at $6,000,000.

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$2,000,000 Active Under Contract
0 sqft

Presented By Coldwell Banker Home Source

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Get in touch today! Phone: 1-760-684-8100
License #01902736
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Keller Williams Beverly Hills
1-310-432-6400
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Area Information

C42 Downtown L.A. | Los Angeles County |

$ 2,000,000
This listing is play_arrow 30907.8% higher than the average in the area
$ 6,450 in the area
0 SqFt
This listing is play_arrow 0% larger than the average in the area
0 SqFt in the area
$ 0 $/SqFt
This listing is play_arrow 0% less than the average in the area
$ 0 $/SqFt in the area
68 days on site
This listing is play_arrow 9.3% below the average in the area
75 days on site in the area

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Listed By Adam Shamooelian
Brokerage: Keller Williams Beverly Hills

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