Listing by: Elizabeth C. Layne, Estate Properties
0 Beds
n/a Full bath
n/aSqFt
Active
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.
Property Details | ||
---|---|---|
Price | $885,000 | |
Lot Size Area | 9181 | |
Lot Size Area Units | Square Feet | |
Acres | 0.2108 | |
Property Type | Land | |
View | None | |
Geographic Data | ||
Directions | South of Beverly Blvd., East of Alvarado. | |
County | Los Angeles | |
Latitude | 34.06273 | |
Longitude | -118.264499 | |
Market Area | C21 - Silver Lake - Echo Park | |
Address Information | ||
Address | 138 Union Place, Los Angeles, CA 90026 | |
Postal Code | 90026 | |
City | Los Angeles | |
State | CA | |
Country | United States | |
Listing Information | ||
Listing Office | Estate Properties | |
Listing Agent | Elizabeth C. Layne | |
Special listing conditions | Standard | |
MLS Information | ||
Days on market | 8 | |
MLS Status | Active | |
Listing Date | Jan 15, 2025 | |
Listing Last Modified | Jan 23, 2025 | |
Tax ID | 5153013009 | |
MLS Area | C21 - Silver Lake - Echo Park | |
MLS # | 25483217 |
This information is believed to be accurate, but without any warranty.