$2,100,000

Estimated payment $11,882/month

Total Views 2,008
0.17 Acre
$12,642,986 Price per Acre
7,234 Sq Ft Lot

About This Lot

*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.

Listing Agent

Michael Fukushima

Keller Williams Los Angeles License #01380445 Listed on: 06/02/2025

Keller Williams Los Angeles

Co-Listing Agent

Stephen Watson

Keller Williams Los Angeles License #01187813

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $3,147

Lot Details

  • 7,234 Sq Ft Lot
  • Property is zoned LAR3

Listing and Financial Details

  • Assessor Parcel Number 5123-011-003

Property Details

Property Type

Land

Est. Annual Taxes

$3,147

Lot Details

0

Listing Details

  • Property Type: Land
  • Street Number Display: Yes
  • Lot Acreage: 0.1661
  • Number Of Photos: 6
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Price Per S Q F T: 585.61

Exterior Features

  • View: No

Utilities

  • Cable: No
  • Telephone: No

Lot Info

  • Assessor Parcel Number: 5123-011-003
  • Lot Size Area: 7234

Map

Range of Values:

Collateral Analytics

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ICE

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First American

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Quantarium

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $3,147 $215,632 $135,398 $80,234
2023 $3,099 $211,405 $132,744 $78,661
2022 $2,976 $207,261 $130,142 $77,119
2021 $2,918 $203,198 $127,591 $75,607
2020 $2,940 $201,115 $126,283 $74,832
2019 $2,842 $197,172 $123,807 $73,365
2018 $2,722 $193,307 $121,380 $71,927
2016 $2,571 $185,802 $116,667 $69,135
2015 $2,538 $183,012 $114,915 $68,097
2014 $2,562 $179,428 $112,664 $66,764
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/02/2025 06/02/25 For Sale $2,100,000 -- --
Source: The MLS

Source: The MLS

MLS Number: 25547163

The MLS

APN: 5123-011-003