1020 W 39th PL Los Angeles, CA 90037

Prime student housing development opportunity. Property is walking distance to the LAFC stadium, Metro Light Rail Line Expo station, serving both Downtown LA & Santa Monica and Exposition Park. The property is located approximately three blocks from the main University Park campus of the University of Southern California, a nationally recognized Pac-12 research university with 45,687 students and 19,596 faculty and staff members, the majority of whom desire to live in close proximity to campus. The property itself currently consists of a 1,687 square foot single family house on a 6,673 square foot. A developer would have the option to raze the site and construct more new units or renovate the existing house and build additional units in the rear. The property benefits from alley access as well, allowing a potential developer greater flexibility with the layout of the new construction project. (buyer to verify with the city). The area surrounding the campus has seen and will continue to see sustained appreciation due to the recently opened LA Metro Exposition Light Rail line, the LAFC stadium opened in April and the$ 1 Billion George Lucas Narrative Art museum that recently broke ground. Additionally, USC recently completed their $700-Million Mixed-Use Project at the University Village offering major national retailers, open spaces, 2,000 student housing beds and innovative academic collaboration spaces.