$1,650,000
3 Bed
2 Bath
1,566
0.12 Acre Lot

3042 Royal Street, Los Angeles, California 90007

  • Residential Income Property Type
  • 1,566 Square Footage
  • None Cars Garage
  • 1906 Year Built
Property Description

*This property is part of the USC Adjacent development Land Portfolio – May be purchased together or separately.* Exceptional Development or value-add opportunity located at 3042 Royal St., just steps from the USC Main Campus and USC Village. This vacant duplex sits on a 5,424 sq. ft. LAR3-zoned lot and currently includes two separate structures totaling approximately 1,566 sq. ft. of building area. The site offers flexible options, including the ability to build up to 6 units by right or up to 10 units with TOC Tier incentives (buyer to verify). Investors may also choose to rehab the existing duplex and add ADUs to maximize rental income. With strong year-round student demand and unmatched walkability to campus, dining, and retail, this property is located in one of Los Angeles’ most sought-after rental submarkets. Don’t miss your chance to capitalize on a prime infill asset in a proven income-generating location.

Basic Details
Residential Income
For Sale
25547135
$1,650,000
3
2
1,566
1906
0.12 Acre
Active
Features
: None
: None
: None
$0
Address Map
CA
Los Angeles
Los Angeles
90007
Royal
3042
Street
From Downtown, start on S Hill St, then turn right onto W Washington Blvd. Turn left onto S Figueroa St, and turn right onto W 32nd St. Turn right onto Royal St.
C42 - Downtown L.A.
LAR3
Additional Information
$0
$0
$0
$0
$0
1566
: One
1
2025-06-02
1
Broker/Agent Information
Keller Williams Los Angeles
Michael R. Fukushima
Listing Information
Stephen F. Watson
CLW-X62757
CLW-X81596
Keller Williams Los Angeles
CLW-X88678
CLW-X81596
Active
2025-06-10T12:18:24Z
CRMLS
: Standard
2025-06-02T00:00:00Z
Agent info
Ray Millman
Mortgage Calculator
$
$ %
years
%
$ %per year
$ %per year

$
Contact Agent
Contact Us
ray@millmanteam.com 310.375.1069