We are pleased to offer the opportunity to acquire this 6,454 SF lot Student Housing Development opportunity located at 3020 S. Normandie Avenue, blocks to the University of Southern California (USC).The site offers a zoning ordinance of LAR3 (Q-condition), which allows for the construction of 5 units by right. With a Tier 1 TOC (50% density bonus), this allows for the development of an additional 4 units, totaling a potential 9 buildable units. The duplex is 100% occupied and will be delivered occupied upon the close of escrow.
Date | Event | Price | $/Sqft | Source |
---|---|---|---|---|
Listing Removed For Sale | $1,095,000 | Compass | ||
Listed For Sale | $1,095,000 | Compass |
Middle School Thurgood Marshall Charter Middle | 0.2 miles away | 06 - 08 | |
Elementary School John W. Mack Elementary | 0.4 miles away | KG - 05 | |
Elementary School Lenicia B. Weemes Elementary | 0.5 miles away | KG - 05 |