LP.com

We are pleased to present the opportunity to acquire this 13,152 SF double lot Student Housing Development opportunity located at 2917 & 2921 Kenwood Ave, blocks away from the University of Southern California (Each lot is priced at $1,399,500 million for a combined asking price of $2,799,000 million for both lots, lots must be sold together.) The site offers a zoning ordinance of (Q)LAR3 (1,200 sqft of lot per unit), which allows for the construction of 10.96 (developer can apply for variance to get 11 units by right buyer to verify) units by right and 17 units using the TOC Tier 1 Density Bonus, as well as the opportunity to add multiple ADU's. There is a SFR(delivered vacant) on one lot and a duplex on the other. The property offers residents a highly desirable location with close proximity to campus & University Village, providing easy access to all of USCs landmarks, academic buildings, and entertainment. Additionally, the property is situation in the DPS Patrol Zone, providing additional security for the future tenants of the development. The two APNs are 5054-007-022 & 5054-007-021.