Hudson Partners has been retained as the exclusive agents for a tremendous re-positioning opportunity next to USC and walking distance from the Southwest Corner of campus. The parcel currently has a front SFR (1,150 SF) being used as a 3 Bedroom + 2 Bath. There is a rear non-conforming structure behind the SFR, which is used as a fourth unit (420 SF). The rear portion of this parcel is two more conforming units, both of them approximately 385 SF each. A seasoned Investor would need to buy-out existing tenants to stabilize the asset with market rents or could raise existing structures and build out 9 units by right under the new TOD Ordinance, but would need to incorporate an affordable component to the project. From a development prospective, The 7,038 SF parcel has development potential with new zoning in-place which would allow up 24 units if there is at least 11% minimum affordable housing component to the new project.
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
