138 Union Place, Los Angeles, CA 90026 (MLS # 25483217)
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.
DAYS ON MARKET
|
95
|
LAST UPDATED
|
4/2/2025
|
COMMUNITY
|
Silver Lake - Echo Park
|
COUNTY
|
Los Angeles
|
STATUS
|
Active
|
PROPERTY TYPE(S)
|
Lot/Land/Acreage
|
AREA |
Silver Lake - Echo Park |
LOT |
9181 sq ft |
VIEW DESCRIPTION |
None |
ZONING |
LAR3 |
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Listed with Estate Properties
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Based on information from California Regional Multiple Listing Service, Inc. as of 4/20/25 8:39 AM PDT 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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