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California Regional Multiple Listing Service

The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. as of the most recent time synced and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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Home / Los Angeles / 3042 Royal Street
3042 Royal Street Los Angeles, CA 90007 3042 Royal Street Los Angeles, CA 90007 3042 Royal Street Los Angeles, CA 90007 3042 Royal Street Los Angeles, CA 90007 3042 Royal Street Los Angeles, CA 90007 3042 Royal Street Los Angeles, CA 90007 3042 Royal Street Los Angeles, CA 90007 3042 Royal Street Los Angeles, CA 90007 3042 Royal Street Los Angeles, CA 90007 3042 Royal Street Los Angeles, CA 90007 View All Photos

$1,395,000

| Active

3042 Royal Street

Los Angeles, CA 90007

1,566
Square Feet
3
Beds
2
Baths
0.13
Acres
8
Days on Market
26874413
MLS#
Multi-Family
Type
House
Structure
Commercial
Zone
Contact
Listing OfficeKeller Williams Beverly Hills

We are pleased to present 3042 Royal St., an exceptional development opportunity in one of the most sought-after pockets of the USC student housing market, just steps from USC Village and the University of Southern California. Situated on a 5,424 SF lot with valuable alley access, the property offers a rare combination of location, zoning, and development flexibility. Located in an area where well-designed student housing can command premier rents, the property offers developers multiple potential paths to maximize the site. LAR3-zoned development sites are extremely rare within the USC student housing submarket, making the property particularly attractive for developers seeking density in a highly constrained location. The property allows for up to 6 units by right plus ADUs and is also located within a TOC Tier 3 designation, providing the potential for up to 12 TOC units plus ADUs, subject to buyer verification. Importantly, the property has been vacant for more than five years, potentially allowing a developer to redevelop the site without replacement affordable housing requirements and pursue a fully market-rate student housing project, subject to buyer verification. Alternatively, a buyer may explore renovating and expanding the existing approximately 1,566 SF structure, creating additional density while preserving and enhancing the existing improvements. With strong housing demand driven by USC, the potential to achieve premier student housing rents, LAR3 zoning, TOC Tier 3 incentives, alley access, and multiple redevelopment strategies, 3042 Royal St. represents a compelling opportunity to develop or reposition a property in the heart of the USC student housing market.

Property Details
Bedrooms
3
Bathrooms
2
Stories
1
Acres
0.125
Square Feet
1566.0
Lot Size (sqft)
5424.0
Parking Spaces
0.0
Property Type
Multi-Family
Year Built
1906
County
Los Angeles
Region
Los Angeles
Zoning
LAR3
Original List Price
$1,395,000
MLS #
26874413
Property Subtype
ResidentialIncome
Parcel Number
5123011009
MLS #
26874413
Date Listed
August 24, 2026
Address
3042 Royal Street
Location
Legal

The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. as of the most recent time synced and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

Provided By
Listed by Adam Shamooelian (#CLW-C136898)
Listing Office: Keller Williams Beverly Hills (#CLW-X74054)

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