
Los Angeles, California 90037
This property presents a High-Potential Investment Opportunity with a List Price of $699,000—positioned above the $611,962 Fair Market Value. While the current valuation reflects a premium, the RD1.5 Zoning and Tier 3 TOC designation provide a significant value-add path for up to 6 residential units. With a Condition Rating of 6, the existing 1905 structure serves as a placeholder for redevelopment. This asset is ideal for Multi-Unit Developers or Strategic Investors seeking to capitalize on the high-demand USC-adjacent rental market.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1155 Rolland Curtis Subject | $699,000* List Price | 2 | 1 | 1,148 | $533 | - |
A 620 W 42nd Place Sold | $495,000 | 2 | 1 | 1,088 | $455 | 1.0 mi |
B 1201 Rolland Curtis Active | $669,888 List Price | 2 | 1 | 988 | $678 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is land value only, full reconstruction required.
Built in 1905 and over 119 years old with no mentioned renovations, the property is explicitly marketed as a development opportunity for multi-unit housing, indicating the value is in the land and zoning potential rather than the existing structure.
Zoned RD1.5 with a Tier 3 TOC designation, this property offers a rare opportunity to develop up to 6 residential units, maximizing the investment value of the 5,229 SF lot.
Situated just minutes from USC and Downtown Los Angeles, the property is perfectly positioned to capitalize on the area's ongoing revitalization and high demand for student and workforce housing.
The inclusion of alley access provides significant advantages for construction staging and flexible parking configurations, which are critical for multi-unit residential projects.
The existing 1905 structure likely requires demolition or a complete overhaul, necessitating substantial upfront investment and construction costs beyond the initial purchase price.
Achieving the maximum unit count is subject to City of Los Angeles approvals and buyer verification, which can involve lengthy timelines and uncertain outcomes in the permitting process.
Rare development opportunity just minutes from USC! This property with alley access is zoned RD1.5 and designated Tier 3 TOC, offering the potential for up to 6 residential units, subject to buyer verification and City of Los Angeles approvals. Located in an area experiencing significant redevelopment, with multiple new residential projects already completed or underway on the street and surrounding neighborhood. The existing 2-bedroom, 1-bath home sits on an approximately 5,229 SF lot and offers developers an opportunity to capitalize on the area’s continued transformation. Ideally located near USC, Downtown Los Angeles, major employment centers, transit and amenities. Developers and investors—bring your vision! Buyer to independently verify zoning, allowable density, unit count, development standards and all development potential with the City of Los Angeles.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 1,148 | 1,664.159 |
| Lot Size | 5,229 | 6,066.556 |
| Price | $699.0K | $1.35M |
| Price per sq ft | $609 | $806 |
| Built year | 1905 | 1939 |
| HOA | $0 | $278 |
| Days on market | 8 | 55 |
Sep 1, 2026
$699,000
Initial Listing