3018 Royal Street

Los Angeles , CA 90007

MLS#: 25547173

$2,200,000

Status: Active
Listing number: 25547173
Listing provided by: Keller Williams Los Angeles
Listing agent phone: None
Last update: a month ago
On site: a month ago
Browse Properties
Main image without alt text

Property

Beds

None

Full Baths

None

1/2 Baths

None

Year Built

None

Lot size

0.1661 acres

*This property is part of the USC Adjacent Development Land Portfolio - May be purchased together or separately. 3014, 3018 and 3024 Royal are three contiguous lots that must be sold together.* Rare USC neighborhood development opportunity three contiguous parcels totaling approximately 21,695 SF zoned LAR3 with TOC Tier 3 incentives. Combined site offers by-right potential for up to 27units, with possible density up to 45 units using TOC bonuses (Buyer to verify). Existing 3,586 SF duplex on 3014 Royal St. (buyer to investigate historical status). 3018 and 3024 Royal St. are vacant land currently used as parking. Prime location steps from USC Main Campus and USC Village, perfect for student housing or multifamily development. Large infill site with significant upside in a high-demand area. Buyer to independently verify all zoning and development potential.

Features & Amenities

Interior

  • Total Bedrooms

    N/A

  • Bathrooms

    N/A

Exterior

  • Garage

    No

  • Pool

    No

  • View

    None

Area & Lot

  • Lot Size(acres)

    0.1661

  • Property Type

    Land

Price

  • Sales Price

    $2,200,000

  • Sq. Footage

    N/A

  • Price/SqFt

    N/A

HOA

  • Association

    NO

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • Senior Community YN

    NO

Schedule a Showing

Showing scheduled successfully.

<
>
IN PERSON
VIA CHAT

Change time

Mortgage calculator

Estimate your monthly mortgage payment, including the principal and interest, property taxes, and HOA. Adjust the values to generate a more accurate rate.

Your payment

Principal and Interest:

$

Property taxes:

$

HOA fees:

$

Total loan payment:

$

Total interest amount:

$

Location

County

Los Angeles

Elementary School

Middle School

High School

Listing Courtesy of Michael R. Fukushima , Keller Williams Los Angeles

RealHub Information is provided exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. RealHub website owner shall not be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

Agent LinaMirza

FOUNDER

LinaMirza

Call Lina today to schedule a private showing.

(818) 321-0175

Lina@theosrealty.com


* Listings on this website come from the FMLS IDX Compilation and may be held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed. If you believe any FMLS listing contains material that infringes your copyrighted work please click here to review our DMCA policy and learn how to submit a takedown request.© 2024 FMLS.
*This property is part of the USC Adjacent Development Land Portfolio - May be purchased together or separately. 3014, 3018 and 3024 Royal are three contiguous lots that must be sold together.* Rare USC neighborhood development opportunity three contiguous parcels totaling approximately 21,695 SF zoned LAR3 with TOC Tier 3 incentives. Combined site offers by-right potential for up to 27units, with possible density up to 45 units using TOC bonuses (Buyer to verify). Existing 3,586 SF duplex on 3014 Royal St. (buyer to investigate historical status). 3018 and 3024 Royal St. are vacant land currently used as parking. Prime location steps from USC Main Campus and USC Village, perfect for student housing or multifamily development. Large infill site with significant upside in a high-demand area. Buyer to independently verify all zoning and development potential.

3018 Royal Street

Message successfully sent.

What would you like to know?

Related Properties

We are proud to present for sale a Ready-to-Issue 53-Unit, 100% Affordable Housing Development located at 1926 Eastlake Ave in the thriving neighborhood surrounding the USC Keck School of Medicine, just south of Lincoln Heights. Of the 53 units, 41 are restricted for Low-Income tenants, 11 for Moderate-Income tenants, and 1 unrestricted unit for an on-site manager. The rent levels for the project follow Schedule 1-HUD for Low-Income units and Schedule 6-HCD for Moderate-Income units. The project is set on a 14,097 SF lot and will be privately funded, with no tax credits or public funds required and not subject to prevailing wage and is in an Opportunity Zone. The development features a new four-story, Type V-A Construction totaling 26,905 SF of Zoning Floor Area. The design consists entirely of one-bed, one-bath units with an average unit size of approximately 444 SF, plus hallways, elevators, stairs, and shared laundry on each floor. Rentable Square Footage, per the LAHD Table of Rental Units adds up to 23,530 SF. The project, already designated as Ready-to-Issue, is ready for issuance of Permits. Amenities will include a Management Office, Lobby with a Package / Mailbox area, Bike Storage Room, spacious Rooftop Open Spaces, and some units with Balconies. The project provides 4 on-site parking stalls (not required by code under AB 2345) and robust bike parking (44 long-term, 6 short-term spaces). Over 5,300 SF of open space is included via balconies and common areas.Lincoln Heights and the greater area are rapidly developing neighborhoods known for their connectivity to Metro Rail, Rio de Los Angeles State Park, and the LA River Path. The site benefits from close proximity to major transportation corridors (the 5, 110, and 2 freeways) and Downtown LA, with quick access to shopping, dining, schools, and parks. The project should have views of DTLA from the roof. The property has been Ellised and includes a Housing Crisis Act of 2019 (SB 8) Replacement Unit Determination indicating all existing residential dwelling units are exempt from Affordable Replacement (RSO Exemption). All current improvements are planned for demolition, with Demolition Plan Checks on LADBS listed as "Issued" in 2022. The property is offered with fully Ready-to-Issue plans and is ready for immediate development upon close of escrow.
#25568509

Los Angeles

1926 Eastlake Avenue

None Beds

None Baths

0.3294 acres

$2,290,000

MLS#: 25568509

Located in the heart of Hollywood just south of Sunset Blvd., 1449 N Bronson is a flat, approximately 6,616 square foot lot zoned R4 (50' by 132'). The current owner previously pursued plans for a 5-unit development that have since expired but can be shared upon request. The property also offers potential for a larger project under the Transit Oriented Communities (TOC) Tier 3 program, which could allow for potentially 28+ units; buyer to verify all development possibilities and feasibility. Just minutes from Netflix, Bronson Studios, Sunset Gower Studios, and more, the property also offers convenient access to the 101 Freeway, Metro station, and Hollywood Blvd. Nearby schools include Joseph Le Conte Middle School and Hollywood Primary Center. Buyer to independently verify all zoning, entitlements, and building requirements with the City of Los Angeles.
#25564059

Los Angeles

1449 N Bronson Avenue

None Beds

None Baths

0.1519 acres

$1,995,000

MLS#: 25564059

We are pleased to present a multifamily or mixed-use development opportunity at 1411 & 1415 W 11th Street in the dynamic Pico Union neighborhood of Los Angeles. These two contiguous parcels total approximately 12,678 square feet of flat land, with combined dimensions of 100 by 126 feet on street-to-street lots. Both parcels are improved with income-producing apartment buildings and offer significant redevelopment and value-add potential.The site qualifies for Transit Oriented Communities Tier 2, the Mixed Income Incentive Program (MIIP) Opportunity Corridor, and the Citywide Housing Incentive Program (CHIP). These programs allow for more units, higher floor area ratio, greater height, and significant reductions or elimination of parking requirements for projects that include affordable housing. Under the State Density Bonus Law (AB 2345 and AB 1287), developers who set aside at least 10% of units for very low-income tenants or 20% for low-income tenants can combine state and city bonuses to achieve more density and additional incentives. Projects that are 100% affordable may be eligible for unlimited density and no parking requirements. Executive Directive 1 (ED1) also allows 100% affordable housing projects to qualify for expedited, fast-track city approvals.Strategically located near major transportation routes and key city amenities, the site is well positioned for efficient development and construction. Its central location supports strong demand for new housing and offers the potential for long-term investment returns. Listing includes two APNs: 5137-012-008 and 5137-012-009.
#25562331

Los Angeles

1411 W 11th Street

None Beds

None Baths

0.291 acres

$2,350,000

MLS#: 25562331

New 100% Affordable Senior Housing ED1 Project t just $52,500 per buildable unit with one and two bedrooms! Located at 5859 Crenshaw Boulevard, Los Angeles, CA 90043, this prime land is listed for sale at $2,500,000. The property falls under several strategic zoning designations: LAC2-2D-SP,Transit Oriented Communities (TOC) Tier 4, RPA Crenshaw/Slauson, a Hub Zone, and Los Angeles State Enterprise Zone. Positioned at the intersection of Crenshaw and W 59th Sr, it is across the street from the Hyde Park Metro stop and new K line. According to Governmental Code 69515, any 100% affordable housing can have unlimited density if it is located within 0.5% miles within a major transit stop.
#25566151

Los Angeles

5879 Crenshaw Boulevard

None Beds

None Baths

0.1932 acres

$2,500,000

MLS#: 25566151

We are pleased to present an exceptional multifamily development opportunity at 203 N. Oxford Ave, located in the vibrant heart of Los Angeles. Zoned R4 and TOC Tier 3, this 7,162.6 square foot parcel will be delivered RTI: Permits ready to issue for a fully entitled TOC Tier 3 project with no relocation costs for the construction of a 7-story, 30-unit multifamily building totaling 31,545 square feet. The planned development includes six levels of residential over a ground-level parking garage and one level of subterranean parking, offering a total of 18 parking spaces. There are no relocation costs. The project benefits from reduced parking requirements under TOC guidelines. The unit mix, 24 one-bedroom units and 6 two-bedroom units, is designed for maximum efficiency and rental performance. Three units are designated as Extremely Low-Income, supporting TOC entitlement benefits, while the remaining 27 units will be delivered at market rate. The location commands premium rents, with new construction in the area achieving rates north of $4.00 per square foot. With a price per buildable door of just $63,000 and a land price of approximately $263.78 per square foot, this offering represents one of the most cost-effective RTI opportunities in a high-demand submarket. There are no relocation costs. Strategically located near Hancock Park, Koreatown, and Hollywood just one mile from Paramount Studios and the 101 Freeway the site boasts a Walk Score of 90+ and excellent access to Metro Rail and bus lines. This is a rare opportunity for developers to acquire a shovel-ready site in one of Los Angeles' most dynamic and transit-rich corridors.
#25554505

Los Angeles

203 N Oxford Avenue

None Beds

None Baths

0.1644 acres

$1,890,000

MLS#: 25554505

Architectural GEM in the Iconic Hollywood Hills A Once-in-a-Lifetime Opportunity Perched in the coveted, celebrity-studded enclave of the Hollywood Hills within one of the most iconic zip codes in Los Angeles, this rare vacant parcel offers an extraordinary opportunity to create a one-of-a-kind architectural masterpiece. Commanding unobstructed panoramic views that sweep across the glimmering cityscape to the Pacific Ocean, this site is a true sanctuary above the city, a blank canvas for the bold and imaginative. Whether you're an architect seeking the perfect setting for a landmark project, a developer envisioning a statement estate, or a buyer ready to build a legacy home, this parcel invites limitless design potential. With its dramatic elevation, prestige of location, and unmatched vistas, this hillside jewel is more than just land -- it's a gateway to an exceptional lifestyle. Envision a modern residence with seamless indoor-outdoor flow, infinity-edge pool, expansive terraces, and floor-to-ceiling glass capturing breathtaking sunsets and starlit nights. This is not just an investment in real estate -- it's an opportunity to define a new icon in the Hollywood Hills. Don't miss the chance to create something truly extraordinary in a neighborhood where bold vision and architectural excellence are celebrated.
#25556375

Los Angeles

8815 Crescent Drive

None Beds

None Baths

0.6624 acres

$2,099,000

MLS#: 25556375

We are pleased to present The Broadway Collection: 8112, 8130 and 8200 S Broadway. This unique opportunity consists of three separate parcels totaling 2,904 square feet of existing commercial improvements with a total of 18,555 square feet of LAC2 Tier 1 TOC zoned land along the Broadway corridor which offers a double-wide street with convenient access to the Crypto.com arena and DTLA! As a development site, the properties are ED1 eligible, providing a developer with unlimited density and an expedited approval process for a 100% affordable housing project. 8112 and 8130 S Broadway consist of two contiguous parcels totaling 12,472 square feet on the northeastern corner lot. 8112 is comprised of two separate structures with a front commercial building and a rear residential bungalow which is directly north of, and adjacent to, the paved vacant lot on 8130. This property allows for an owner-user to operate out of the commercial structure, while living in or renting out the residential bungalow, as well as utilize the adjacent vacant, paved commercial lot for business purposes. As a development project, other similar sized sites allow for 75+ affordable units. As a market rate Tier 1 TOC development site, the property has potential for a maximum of 48 units. 8200 S Broadway is a standalone parcel totaling 6,083 square feet on the southeastern corner lot directly across the street. The existing commercial space consists of a 700 square foot (buyer to verify) standalone building. This low coverage land site presents an opportunity for an owner-user to occupy the commercial building with ample onsite parking. As a development project, other similar sized sites allow for 30+ affordable units. As a market rate Tier 1 TOC development site, the property has potential for a maximum of 24 units. Broadway provides tree-lined streets along the center medians, providing excellent curb appeal for tenants and investors. With both properties being located on the corner, it will allow for minimal setbacks and the ability to design a project that encompasses natural light and airflow throughout. The Broadway Collection is strategically located one block east of the 110 Freeway providing easy access to downtown Los Angeles while catering to hundreds of thousands of tenants or potential customers in the neighborhood and is a well-positioned property with high rental demand that is nearby significant employment opportunities. Buyer shall complete their own due diligence to determine the development potential. Can be sold together or separately. Contact listing broker for additional information.
#25551643

Los Angeles

8112 S Broadway

None Beds

None Baths

0.426 acres

$2,350,000

MLS#: 25551643

This 2/3-acre vacant lot offers a rare opportunity to build a private, luxury retreat in the Hollywood Hills, surrounded by nature yet minutes from Hollywood and the Sunset Strip. Plans in progress include a new modern home, pool house/ADU, gym, and subterranean parking structure. Ideal for creatives seeking seclusion, the lot features a gated driveway, mature trees, and a tranquil stream. The expansive grounds provide space for outdoor living, a pool, and garden areas, making it perfect for those looking to design a custom estate. Neighbors can also seize the opportunity to control the surrounding land for privacy or expansion. With its unique combination of nature and proximity to the city, this lot offers a rare chance to create a modern sanctuary in one of LA’s most desirable neighborhoods.
#SB25124366

Los Angeles

2721 Jalmia Drive

None Beds

None Baths

0.6859 acres

$2,499,000

MLS#: SB25124366

*This property is part of the USC Adjacent Development Land Portfolio - May be purchased together or separately. 3014, 3018 and 3024 Royal are three contiguous lots that must be sold together.* Rare USC neighborhood development opportunity three contiguous parcels totaling approximately 21,695 SF zoned LAR3 with TOC Tier 3 incentives. Combined site offers by-right potential for up to 27units, with possible density up to 45 units using TOC bonuses (Buyer to verify). Existing 3,586 SF duplex on 3014 Royal St. (buyer to investigate historical status). 3018 and 3024 Royal St. are vacant land currently used as parking. Prime location steps from USC Main Campus and USC Village, perfect for student housing or multifamily development. Large infill site with significant upside in a high-demand area. Buyer to independently verify all zoning and development potential.
#25547163

Los Angeles

3014 Royal Street

None Beds

None Baths

0.1661 acres

$2,100,000

MLS#: 25547163

- property

Send a message

Message successfully sent.

Your message

Reason for contacting?

Sign Out

Virtual Assistant

Would you like to receive some additional information on this specific property or similar properties?

Yes, I would like more information.

Thank You for Your Reply, One of Our Agents will contact you as soon as possible

No, maybe later.

Thank you, you can always contact me via email, phone number or through the contact form.

Realhub AI

Lucy - Your AI-Powered Realtor

Update Your Temporary Password

Personalize your search

Enter your email and we'll notify you immediately when new listings match what you're looking for.

or enter email address

Already have an account ? Login here

Continue your home search

Already have an account ? Login here