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3042 Royal Street

Los Angeles, CA 90007
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Bed 3

Bed

Bath 2

Bath

SqFt1,566

Sqft

SqFt5,424

Sqft(Lot)

We are pleased to present 3042 Royal St., an exceptional development opportunity in one of the most sought-after pockets of the USC student housing market, just steps from USC Village and the University of Southern California. Situated on a 5,424 SF lot with valuable alley access, the property offers a rare combination of location, zoning, and development flexibility. Located in an area where well-designed student housing can command premier rents, the property offers developers multiple potential paths to maximize the site. LAR3-zoned development sites are extremely rare within the USC student housing submarket, making the property particularly attractive for developers seeking density in a highly constrained location. The property allows for up to 6 units by right plus ADUs and is also l ocated within a TOC Tier 3 designation, providing the potential for up to 12 TOC units plus ADUs, subject to buyer verification. Importantly, the property has been vacant for more than five years, potentially allowing a developer to redevelop the site without replacement affordable housing requirements and pursue a fully market-rate student housing project, subject to buyer verification. Alternatively, a buyer may explore renovating and expanding the existing approximately 1,566 SF structure, creating additional density while preserving and enhancing the existing improvements. With strong housing demand driven by USC, the potential to achieve premier student housing rents, LAR3 zoning, TOC Tier 3 incentives, alley access, and multiple redevelopment strategies, 3042 Royal St. represents a compelling opportunity to develop or reposition a property in the heart of the USC student housing market.

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Detail Ic Property Details

Property Type : ResidentialIncome

Price : $1,395,000

AD Id : 89968764

MLS Id : 26874413

Beds : 3

Lot Size : 5,424 Sqft

Living Area Size : 1,566

Year Built : 1906

County : Los Angeles

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Feature Features

  • Bedroom Information

    Total beds: 3

    Bathroom Information

    Total Baths: 2

  • Building Information

    Year Built: 1906
    Building Area Total: 1566
    Stories: 1
    Private Pool: No

  • Lot Information

    Main Square Feet: 5424 Lot Size Acres: 0.1245 Lot Size Square Feet: 5,424

  • Listing Price Information

    Listing Price: $1395000

  • Tax Information

    Parcel Number: 5123011009

  • Location Information

    Direction: 3042 Royal Street, 90007
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
225 W Adams Boulevard, Los Angeles, CA, 90007 $1,775,000 -- 16 8,540 12,295 Sqft
1943 Estrella Avenue, Los Angeles, CA, 90007 $1,350,000 8 4 5,458 0.14 Acre
920 W 20th Street, Los Angeles, CA, 90007 $1,200,000 7 5 3,946 6,377 Sqft
1011 W 20th, Los Angeles, CA, 90007 $1,350,000 7 4 2,511 5,916 Sqft
1030 W 20th Street, Los Angeles, CA, 90007 $975,000 5 2 2,001 5,930 Sqft
2127 Portland Street, Los Angeles, CA, 90007 $1,600,000 11 11 3,715 6,152 Sqft
1017 W 24th Street, Los Angeles, CA, 90007 $1,220,000 4 -- 3,104 6,065 Sqft
1125 W 22nd Street, Los Angeles, CA, 90007 $800,000 3 2 1,872 5,500 Sqft
721 W 30th Street, Los Angeles, CA, 90007 $6,950,000 25 23 12,928 11,795 Sqft
3015 Shrine Place, Los Angeles, CA, 90007 $2,395,000 3 3 1,988 10,074 Sqft

The information being provided by Miami Association of REALTORS® is for the consumer's personal, non-commercial use. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the Miami Association of REALTORS®. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by Miami Association of REALTORS® and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2026 Miami Association of REALTORS®. All rights reserved.

ByOwner last updated this listing 09/04/2026 @ 22:10

MLS: 26874413 LISTED BY: Adam Shamooelian, Keller Williams Beverly Hills 310-432-6400 SOURCE: CRMLS

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