Commercial Land for Sale in Los Angeles, CA

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Commercial Land
  • Location: Los Angeles, CA 90007

Description

Marcus & Millichap, as the exclusive listing agent, is pleased to present 3417 South Catalina Street, a USC-adjacent infill development site located within the USC Patrol Zone. The property is currently improved with a leased single-family home, providing in-place rental income while a buyer advances entitlements and finalizes a development program. The site is R3-zoned, offering the opportunity for higher-density residential development through multiple paths. A recently prepared conceptual feasibility study illustrates the potential for an ED1 / 100% affordable strategy, envisioning a 25-unit student-housing-oriented program with a five-story + podium configuration and nine (9) vehicle parking spaces (conceptual — Buyer to verify). The property is currently managed by Stuho, the largest private USC student housing operator, who has identified a lower-density value-add strategy including duplex conversion of the existing SFR, an attached ADU, and new rear ADU development targeting $208,800 in gross potential rent — allowing a buyer to retain the existing improvements and increase density incrementally. 3417 S. Catalina offers investors and developers a rare combination of current income and meaningful entitlement upside in one of the most proven student housing markets in the country. PLEASE DO NOT WALK THE PROPERTY OR DISRUPT TENANTS. CONTACT LISTING TEAM FOR DETAILS. The subject property is being offered in conjunction with the adjacent parcel located at 3416–3418.5 Walton Avenue. Together, these offerings provide investors with enhanced flexibility to pursue a range of development and value-add strategies. The properties are available for acquisition individually or together. Investment Highlights: • Highly coveted student-housing geography with durable rental demand fundamentals • Identified duplex conversion, attached ADU, and new rear ADU development plan targeting $208,800 in gross potential rent • Leased SFR provides carry-offsetting cash flow during entit

Market Context

This land in Los Angeles, CA is listed for sale. It has been on the market for 54 days. Compare it against other land listings for sale in Los Angeles, CA — <a href="/search/sale/land/california/los-angeles">view the full market</a>.

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