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3015 Shrine Place

Los Angeles, CA 90007
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SqFt10,074

Sqft(Lot)

We are pleased to present 3015 Shrine Pl., a premier development opportunity located in the heart of the USC student housing market, just moments from USC Village and the University of Southern California. Positioned on an expansive 10,071 SF lot with alley access, the property offers developers a rare chance to acquire a large LAR3-zoned site with multiple redevelopment strategies in one of the most supply-constrained areas surrounding USC. The property's LAR3 zoning allows for up to 12 units by right plus ADUs, while its TOC Tier 3 designation provides the potential for up to 23 TOC units, subject to buyer verification. LAR3 development sites of this scale are extremely difficult to find within the USC student housing submarket, creating an attractive opportunity for a developer seeking to build a higher-density project capable of commanding premier student housing rents. At approximately $238 per land square foot, the property offers an attractive entry basis for a large, premium LAR3-zoned development site with TOC Tier 3 incentives in the USC student housing market. Another key advantage is the property's occupancy history. 3015 Shrine Pl. is currently vacant and has not been rented at any point during the past five years, potentially providing a path to redevelopment without replacement affordable housing requirements and allowing for a fully market-rate student housing project, subject to buyer verification. For buyers looking to pursue an alternative strategy, the existing approximately 1,988 SF structure may also provide an opportunity for renovation, expansion, and the addition of further density while retaining the existing improvements. With its substantial lot size, LAR3 zoning, TOC Tier 3 incentives, alley access, favorable vacancy history, compelling land basis, and proximity to USC, 3015 Shrine Pl. offers a unique opportunity to create a significant student housing project in one of the strongest rental pockets surrounding the University.

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Detail Ic Property Details

Property Type : Land

Price : $2,395,000

AD Id : 89969246

MLS Id : 26876253

Lot Size : 10,074 Sqft(Lot)

County : Los Angeles

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  • Lot Information

    Main Square Feet: 10074 Lot Size Acres: 0.2313 Lot Size Square Feet: 10,074

  • Listing Price Information

    Listing Price: $2395000

  • Tax Information

    Parcel Number: 5123011021

  • Location Information

    Direction: 3015 Shrine Place, 90007
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
2819 S Flower Street, Los Angeles, CA, 90007 $3,950,000 -- -- -- 13,394 Sqft(Lot)
3014 Royal Street, Los Angeles, CA, 90007 $2,000,000 -- -- -- 7,232 Sqft(Lot)
3018 Royal Street, Los Angeles, CA, 90007 $2,000,000 -- -- -- 7,232 Sqft(Lot)
3024 Royal Street, Los Angeles, CA, 90007 $2,000,000 -- -- -- 7,232 Sqft(Lot)
3042 Royal Street, Los Angeles, CA, 90007 $1,395,000 -- -- -- 5,424 Sqft(Lot)

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ByOwner last updated this listing 09/04/2026 @ 02:10

MLS: 26876253 LISTED BY: Adam Shamooelian, Keller Williams Beverly Hills 310-432-6400 SOURCE: CRMLS

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