Request More Info
Schedule a Showing
Share
Print
|
We are pleased to present 3015 Shrine Pl., a premier development opportunity located in the heart of the USC student housing market, just moments from USC Village and the University of Southern California. Positioned on an expansive 10,071 SF lot with alley access, the property offers developers a rare chance to acquire a large LAR3-zoned site with multiple redevelopment strategies in one of the most supply-constrained areas surrounding USC. The property's LAR3 zoning allows for up to 13 units by right plus ADUs, while its TOC Tier 3 designation provides the potential for up to 24 TOC units, subject to buyer verification. LAR3 development sites of this scale are extremely difficult to find within the USC student housing submarket, creating an attractive opportunity for a developer seeking to build a higher-density project capable of commanding premier student housing rents. At approximately $238 per land square foot, the property offers an attractive entry basis for a large, premium LAR3-zoned development site with TOC Tier 3 incentives in the USC student housing market. Another key advantage is the property's occupancy history. 3015 Shrine Pl. is currently vacant and has not been rented at any point during the past five years, potentially providing a path to redevelopment without replacement affordable housing requirements and allowing for a fully market-rate student housing project, subject to buyer verification. For buyers looking to pursue an alternative strategy, the existing approximately 1,988 SF structure may also provide an opportunity for renovation, expansion, and the addition of further density while retaining the existing improvements. With its substantial lot size, LAR3 zoning, TOC Tier 3 incentives, alley access, favorable vacancy history, compelling land basis, and proximity to USC, 3015 Shrine Pl. offers a unique opportunity to create a significant student housing project in one of the strongest rental pockets surrounding the University.
Property Type(s):
Residential Income
| Last Updated | 8/24/2026 | Year Built | 1903 |
|---|---|---|---|
| Community | C42 - Downtown L.A. | County | Los Angeles |
Additional Details
| AREA | C42 - Downtown L.A. |
|---|---|
| LOT | 10075 sq ft |
| LOT DIMENSIONS | 10074 |
| STORIES | 2 |
Location
Contact us about this Property
| / | |
| We respect your online privacy and will never spam you. By submitting this form with your telephone number you are consenting for Carie Webber to contact you even if your name is on a Federal or State "Do not call List". | |
Listed with Keller Williams Beverly Hills
The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CSMAR and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
This IDX solution is (c) Diverse Solutions 2026.
Twitter
Facebook
Email