3417 S Catalina ST, Los Angeles, CA 90007
3417 S Catalina ST, Los Angeles, CA 90007
3417 S Catalina ST, Los Angeles, CA 90007
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$980,000
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5,715 Sqft Lot
Price Dropped by $170K

3417 S Catalina ST Los Angeles, CA 90007

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The Brandon Drew Group

The Brandon Drew Group

+1(909) 944-8800

UPDATED:

Key Details

Property Type Vacant Land

Listing Status Active

Purchase Type For Sale

MLS Listing ID 26793247

HOA Y/N No

Lot Size 5,715 Sqft

Property Description

We are 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 34163418.5 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.

Location

State CA

County Los Angeles

Area C34 - Los Angeles Southwest

Zoning R3-1-CPIO

Interior

Fireplace No

Exterior

View Y/N Yes

View City Lights

Building

New Construction No

Others

Senior Community No

Tax ID 5040019013

Special Listing Condition Standard

CRMLS Full IDX Feed (MAIN Website Search)
Listed by Sean Rosenzweig Marcus & Millichap #01406343

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3417 S Catalina ST