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.
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