USC Adjacent Development Land
For Sale
$2,200,000
3018 Royal, Los Angeles, CA 90007
Three contiguous parcels near USC, ideal for development.
Property SizeContact for details
Days on Market473
Property Features for 3018 Royal
General Information
Standard status
Active
Site & Location
Neighborhood
University Park
Listing Agency:
KELLER WILLIAMS LOS ANGELES
Listed By:
MICHAEL R. FUKUSHIMA · License #01380445
(818) 321-6490
Source:
Corcoran
Added: Jul 9, 2025
Changed: Mar 16
Last Checked: Oct 11 at 5:35AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of KELLER WILLIAMS LOS ANGELES
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Investment Insights
Based on property information with market context.
This property is part of the USC Adjacent Development Land Portfolio. The offering consists of three contiguous parcels totaling approximately 21,695 square feet. These parcels, located at 3014, 3018 and 3024 Royal, must be sold together. Zoned LAR3 with TOC Tier 3 incentives, the combined site offers by-right potential for up to 27 units, with possible density up to 45 units using TOC bonuses. An existing 3,586 square foot duplex is located on 3014 Royal St. The properties at 3018 and 3024 Royal St. are vacant land currently used as parking. This location is steps from USC Main Campus and USC Village, making it suitable for student housing or multifamily development. It is a large infill site in a high-demand area.
Key Highlights
- Prime location steps from USC Main Campus and USC Village.
- Rare USC neighborhood development opportunity with three contiguous parcels totaling approximately 21,695 SF.
- Zoned LAR3 with TOC Tier 3 incentives, offering by‑right potential for up to 27 units, with possible density up to 45 units using TOC bonuses (Buyer to verify).
Property Analytics
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Open Analytics
Location Intelligence
Trade Area within ½ mile
3,202
Businesses Nearby
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Business Placement
Demographics for 90007, CA
40,944
Population
14,153
Households
2.9
Avg Household Size
28
Median Age
29%
College-Educated
63%
High-School Grad
2.4 sq mi
ZIP Area
17,060
Density / Sq Mi
$36,032
Median Household Income
$21,176
Median Earnings
$1,480
Median Rent
$852,900
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Commercial land - Three contiguous parcels near USC, ideal for development.
Where is this commercial land located?
The property is located at 3018 Royal Los Angeles, CA.
What is the asking price?
The asking price for this property is $2,200,000.
What are key features of this property?
This property features: Prime location steps from USC Main Campus and USC Village.; Rare USC neighborhood development opportunity with three contiguous parcels totaling approximately 21,695 SF.; Zoned LAR3 with TOC Tier 3 incentives, offering by‑right potential for up to 27 units, with possible density up to 45 units using TOC bonuses (Buyer to verify).
