$5,000,000
( $505.71Per Sq Foot )
 $26,841 est/mo Sourced by Back At You

3550 S Western Avenue,Los Angeles, CA 90018

Los Angeles, CA 90018

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Description

Unentitled commercial or mid-rise housing development opportunity near USC. Covered land play - all seven (7) tenants are month-to-month and are currently generating approximately $19,000 per month gross rental income. Redevelopment possibilities for a gym, school, senior/assisted living, housing, etc. Architect analysis showed a potential 169+ unit count (115 market rate, and 54 affordable) with the CPIO density bonus, for a 5-story mid-rise build with type IIIB construction.The primary site for sale includes three (3) contiguous parcels totaling 40,769 SF of land zoned C2-2D-O-CPIO. The corner lot (contiguous with the primary site) is owned by a separate seller and can also be delivered separately to complete the block. The corner lot would add an additional 5,857 SF of land, bringing the total size of the assemblage to over one (1) acre.This site presents an increasingly rare opportunity to secure an entire block ripe for development within the inevitable path of USC's continual westward expansion.

Details

MLS #26985049
Listing TypeFor Sale
Building Name3550 S Western Ave
Sub-TypeResale
StatusActive
Year1994
Days On Site50
Listing Provided BySaxum West | Joseph Bolognese

Features

SQ Feet9,887
Story(s)1
Building(s)3
ZoningLAC2
Acreage0.94

Area Information

StateCA
CountyLos Angeles
CityLos Angeles
Zip Code90018
AreaC34 Los Angeles Southwest
Listing VS Median (in 90018)
Price:
$5,000,000
low | high
Med:
$899,000
100% of Average
sqft:
9,887
low | high
Med:
1,390
100% of Average
$ / sqft:
$506
low | high
Med:
$647
22.109165467626% of Average
On site:
50
low | high
Med:
57
87.719298245614% of Average
Sourced by Back At You

Market Activity 90018

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Learn More About This Property

Allen Lane

Allen Lane

Desert Lifestyle Properties

01952730 (760) 408-2963realtor.allenlane@gmail.com
StateCA
CountyLos Angeles
CityLos Angeles
Zip Code90018
AreaC34 Los Angeles Southwest
Listing VS Median (in 90018)
Price:
$5,000,000
low | high
Med:
$899,000
100% of Average
sqft:
9,887
low | high
Med:
1,390
100% of Average
$ / sqft:
$506
low | high
Med:
$647
22.109165467626% of Average
On site:
50
low | high
Med:
57
87.719298245614% of Average
Sourced by Back At You
Nearby Listings (Within 1/2 mile)
Price: $3.75M - $6.25M
sqft: 7,000 - 12,000
Nearby Listings Property ImageNearby Listings Details
3754 S Harvard Boulevard Property Photo 1
$3,800,000
3754 S Harvard Boulevard
Los Angeles, CA 90018
1444 W 37th Street Property Photo 1
$4,500,000
1444 W 37th Street
Los Angeles, CA 90018
Listing Updated: September 28, 2026 at 8:33:23 PM PDT

Specialty Areas

Real Estate

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MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the California Regional MLS.
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