$5,000,000

3550 S Western Avenue, Los Angeles CA, 90018

Price per sqft$505.71

Built in1994

Property size9,887 sqft

Property typeCommercial

Listed by Joseph Bolognese CA DRE# 01966025 with Saxum West 310-422-3891

Overview

Active

Listed Sep 8, 2026

Updated 8 days ago

Unentitled commercial or mid-rise housing development opportunity near USC. Covered land play - all seven (7) tenants are month-to-month and are currently generating approximately $19,000 per month gross rental income. Redevelopment possibilities for a gym, school, senior/assisted living, housing, etc. Architect analysis showed a potential 169+ unit count (115 market rate, and 54 affordable) with the CPIO density bonus, for a 5-story mid-rise build with type IIIB construction.The primary site for sale includes three (3) contiguous parcels totaling 40,769 SF of land zoned C2-2D-O-CPIO. The corner lot (contiguous with the primary site) is owned by a separate seller and can also be delivered separately to complete the block. The corner lot would add an additional 5,857 SF of land, bringing the total size of the assemblage to over one (1) acre.This site presents an increasingly rare opportunity to secure an entire block ripe for development within the inevitable path of USC's continual westward expansion.

Additional information

MLS^® ID: 26985049

Interior Features

Bathrooms: 0
Basement: No

Exterior Features

Lot Size: 0.94 Acres

Listed by Joseph Bolognese CA DRE# 01966025 with Saxum West 310-422-3891

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 9/9/2026. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

Data last updated on 9/9/2026 at 11:44 PM UTC Last Checked: 11:44 PM UTC