3550 S Western Ave
Los Angeles, CA 90018 South Central LA

Unentitled commercial or mid-rise affordable 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, affordable housing, etc. Architect analysis showed a maximum 295 unit count for a 5-story mid-rise build with type IIIB construction, resulting in a land cost per unit of $20,169.


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 for an asking price of $1,500,000. 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. Call broker for more information.