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    3018 Royal St Los Angeles, CA 90007

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    For Sale
    $2,200,000

    Three contiguous parcels near USC, ideal for development.

    Property Features for 3018 Royal St

    General Information

    Standard status
    Active

    Source: KELLER WILLIAMS LOS ANGELES Agent MICHAEL R. FUKUSHIMA

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    USC Adjacent Development Land Portfolio

    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.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Hair Salon Dental Office Nail Salon Clothing Store Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.281
    Latitude
    34.02574

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    FAQs

    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 St 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).
    Request Owner's contact information
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3018 Royal St Los Angeles, CA 90007
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