138 Union Place, Los Angeles, CA 90026
-
Listed Price :
$885,000
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Beds :
N/A
-
Baths :
-
Property Size :
N/A sqft
Property Description
This vacant, almost flat lot, spanning 9,179 square feet, presents an exceptional opportunity for residential development in the heart of the Westlake community. Zoned R3-1 and designated for Medium Residential use under the General Plan, the property offers flexibility for multi-family housing. Located within a Transit Priority Area and benefiting from Tier 2 Transit-Oriented Communities (TOC) status, developers can take advantage of attractive incentives, including density bonuses and reduced parking requirements, to maximize the site's development potential. Additionally, the lot falls within the Westlake Recovery Redevelopment Project Area and the Los Angeles State Enterprise Zone, providing potential access to tax credits and other economic incentives. This centrally located property combines zoning flexibility, TOC benefits, and economic incentives, making it an ideal opportunity for developers aiming to contribute to Westlake's growth and revitalization. Vacant lot next door is also for sale with another broker.
Interior Features
| Bedroom Information |
| Bedrooms |
N/A |
Listing Information
| Address |
138 Union Place |
| City |
Los Angeles |
| State |
CA |
| Zip |
90026 |
| County |
Los Angeles |
| Listing Agent |
Elizabeth C. Layne DRE #01415795 |
| Courtesy Of |
Estate Properties |
| List Price |
$885,000 |
| Status |
Active |
| Type |
Land |
| Structure Size |
N/A |
| Lot Size |
9,181 |
Listing information courtesy of: Elizabeth C. Layne, Estate Properties. *Based on information from the Association of REALTORS/Multiple Listing as of Jan 15th, 2025 at 6:34 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. 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.
