3024 Royal Los Angeles, CA 90007

Listing Agency KELLER WILLIAMS LOS ANGELES m***@total-realtygroup.com Show Phone

Listed by MICHAEL R. FUKUSHIMA · License #01380445

Source Corcoran

Added: Jul 9, 2025 Checked: Jul 10 at 7:25 am

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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 includes three contiguous parcels totaling approximately 21,695 square feet. 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 at 3014 Royal Street. 3018 and 3024 Royal Street are vacant land currently used as parking. The property is located steps from USC Main Campus and USC Village, making it suitable for student housing or multifamily development. This large infill site offers significant upside 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.

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FAQs

What type of property is this?

Residential land & home lot - Development opportunity near USC, ideal for student housing or multifamily.

Where is this residential land & home lot located?

The property is located at 3024 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.