$1,650,000

3042 Royal St Los Angeles, CA 90007

University Park Neighborhood

Estimated payment $9,324/month

Total Views 1,348
3 Beds
2 Baths
1,566 Sq Ft
$1,054 Price per Sq Ft

About This Home

*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.

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

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,320

Year Built

  • Built in 1906

Lot Details

  • 5,424 Sq Ft Lot

Home Design

  • A-Frame Home

Interior Spaces

  • 1,566 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Listing and Financial Details

  • Assessor Parcel Number 5123-011-009

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,320

Year Built

Built in 1906

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Style: A-Frame
  • Levels: One
  • Street Number Display: Yes
  • Living Area: 1566
  • Lot Acreage: 0.1245
  • Year Built: 1906
  • Number Of Photos: 5
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Bedrooms: 3
  • Total Bathrooms: 2.00
  • Price Per S Q F T: 1053.64

Exterior Features

  • Other Structures: None

Lot Info

  • Assessed Improvement Percent: 32.94
  • Assessed Improvement Value: 54646
  • Assessed Land Percent: 67.06
  • Assessed Land Value: 111264
  • Total Assessed Value: 165910
  • Assessor Parcel Number: 5123-011-009
  • Lot Size Area: 5424

Multi Family

  • Unit Type: 2106
  • Number Of Units: 1
  • Total Annual Expense: 0
  • Type Of Units: Residential
  • Vacancy Rate: 0

Map

Range of Values:

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Average Value
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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 $2,320 $165,910 $111,264 $54,646
2023 $2,284 $162,658 $109,083 $53,575
2022 $2,191 $159,470 $106,945 $52,525
2021 $2,155 $156,345 $104,849 $51,496
2020 $2,172 $154,742 $103,774 $50,968
2019 $2,097 $151,709 $101,740 $49,969
2018 $2,031 $148,736 $99,746 $48,990
2016 $1,933 $142,963 $95,874 $47,089
2015 $1,908 $140,816 $94,434 $46,382
2014 $1,929 $138,059 $92,585 $45,474
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/02/2025 06/02/25 For Sale $1,650,000 -- $1,054 / Sq Ft
Source: The MLS

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See All Homes in Los Angeles

Source: The MLS

MLS Number: 25547135

The MLS

APN: 5123-011-009

California Los Angeles County Los Angeles 90007 University Park

3042 Royal St, Los Angeles, CA

This home is located at 3042 Royal St, Los Angeles, CA 90007 and is currently priced at $1,650,000, approximately $1,053 per square foot. This property was built in 1906. 3042 Royal St is a home located in Los Angeles County with nearby schools including Norwood Street Elementary School, John Adams Middle School, and Manual Arts Senior High School.

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Michael Fukushima
Listing Agent
Michael Fukushima
Section Image
Keller Williams Los Angeles
(818) 321-6490