Multi-Family

1436 W Jefferson Blvd

1436 W Jefferson Blvd, Los Angeles, CA 90007

Listing Price: $2,350,000

Lot Size
0.28 acres
Price/Acre
$8,392,720
Land Type
Land
Buildable Square Feet
12,297

Investment Overview

Marcus and Millichap is pleased to present 12,297 square foot double lot located at 1436 1440 Jefferson Boulevard in Los Angeles, California. The subject property is east of Normandie Avenue and South of West Adams Boulevard.

University Park is known for its historic culture, rich amenities, and hosting the renowned University of Southern California. The University Park market is a rapidly changing housing market, exhibiting itself as one of the strongest rental residential markets in the city of Los Angeles. The University of Southern California, currently enrolling more than 45,000 undergraduate, graduate, and professional students, is one of the most prestigious universities in the country. Roughly 70% of USC students live off-campus, and with enrollment comprised of more graduate and professional students than undergraduate students, the demand for off campus housing near the school is continually strong. Rent growth in the area is propelled by the short-term nature of a college students tenure. There is no shortage of nearby amenities within walking distance, including popular restaurants such as Bacaro LA, The Fields, and Caveman Kitchen. Today, the University Park neighborhood contains an outstanding array of museums, galleries, theaters, sport venues, gardens, libraries, and churches. With its rich mixture of education, entertainment, art, and culture, the past and the future, the University Park neighborhood offers exciting discoveries for people all ages.

This offering is positioned on two (2) conjoining parcels approximately 12,297 square feet of land and contains a zoning ordinance LAC2-1VL, which allows development of 31 units by right. With a Tier 2 TOC (60% density bonus) this allows development of an additional 18 units totaling a potential 49 buildable units. In addition, the property features a 3:1 FAR by right and a FAR bonus to 4.35:1. The property is in dominant access to some of the Universitys most popular amenities such as; the USC Campus, USC Village, Exposition Park, The Coliseum, and the developing George Lucas Museum.

Ideally positioned in a great University Park location, this offering presents an excellent opportunity for an astute investor to capitalize on a rare development opportunity in a desirable USC student housing location while collecting income during the entitlement process.

Investment Highlights

  • Located in a DPS Security Zone
  • Less Than 3/4 of a Mile from University of Southern California (USC)
  • Two Parcel Project Totaling 12,297 SF of Land
  • Zoned LAC2-1LV
  • Great USC Student Housing Development Project
  • Rare Development Opportunity - Ideal Mixed-Use Project

Exclusively Listed By

Listing Price: $2,350,000

Lot Size
0.28 acres
Price/Acre
$8,392,720
Land Type
Land
Buildable Square Feet
12,297

Investment Highlights

  • Located in a DPS Security Zone
  • Less Than 3/4 of a Mile from University of Southern California (USC)
  • Two Parcel Project Totaling 12,297 SF of Land
  • Zoned LAC2-1LV
  • Great USC Student Housing Development Project
  • Rare Development Opportunity - Ideal Mixed-Use Project

Investment Overview

Marcus and Millichap is pleased to present 12,297 square foot double lot located at 1436 1440 Jefferson Boulevard in Los Angeles, California. The subject property is east of Normandie Avenue and South of West Adams Boulevard.

University Park is known for its historic culture, rich amenities, and hosting the renowned University of Southern California. The University Park market is a rapidly changing housing market, exhibiting itself as one of the strongest rental residential markets in the city of Los Angeles. The University of Southern California, currently enrolling more than 45,000 undergraduate, graduate, and professional students, is one of the most prestigious universities in the country. Roughly 70% of USC students live off-campus, and with enrollment comprised of more graduate and professional students than undergraduate students, the demand for off campus housing near the school is continually strong. Rent growth in the area is propelled by the short-term nature of a college students tenure. There is no shortage of nearby amenities within walking distance, including popular restaurants such as Bacaro LA, The Fields, and Caveman Kitchen. Today, the University Park neighborhood contains an outstanding array of museums, galleries, theaters, sport venues, gardens, libraries, and churches. With its rich mixture of education, entertainment, art, and culture, the past and the future, the University Park neighborhood offers exciting discoveries for people all ages.

This offering is positioned on two (2) conjoining parcels approximately 12,297 square feet of land and contains a zoning ordinance LAC2-1VL, which allows development of 31 units by right. With a Tier 2 TOC (60% density bonus) this allows development of an additional 18 units totaling a potential 49 buildable units. In addition, the property features a 3:1 FAR by right and a FAR bonus to 4.35:1. The property is in dominant access to some of the Universitys most popular amenities such as; the USC Campus, USC Village, Exposition Park, The Coliseum, and the developing George Lucas Museum.

Ideally positioned in a great University Park location, this offering presents an excellent opportunity for an astute investor to capitalize on a rare development opportunity in a desirable USC student housing location while collecting income during the entitlement process.

Exclusively Listed By

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