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226 S Union Ave

Los Angeles, CA 90026
  • $1,250,000
  • STATUS: Active
  • ON SITE: 13 Days
  • MLS #: 22-171641
UPDATED: 57 min ago
$1,250,000
  • 0
    BEDS
  • 0.16
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Vacant Land / Lots
County:

School Ratings & Info

Description

We are pleased to present for a sale a prime LAR3 development opportunity in the Westlake/Historic Filipinotown neighborhood of Los Angeles! Located just minutes away from the hustle and bustle of Sunset Blvd, this ~7,000 sqft lot + Alley offers a developer the opportunity to build 9 units by right or up to 16 units using TOC Incentives. Lot dimensions are 50 by 140 sqft, zoned R3-1, TOC Tier 2, and comes with an alley (Optimal for design efficiency and parking access!). Subject property is currently an owner occupied single family residence that will be delivered VACANT, meaning no dealing with rent stabilization (RSO), tenant relocation, or new onerous SB 8 regulations! Property has received "preliminary approval" from Housing department that the site will be exempt from SB 8 low income replacement requirement!! The site may also be a great opportunity for fourplex or small lot subdivision. The site lies in close proximity to Echo Park, Silver Lake, Koreatown, DTLA, and much more! Lots of new development in this pocket! Do not miss this opportunity to build in a high rental demand area undergoing gentrification close to restaurants, bars, shopping, and transportation. Buyer to verify all zoning regulations with LADBS. Home to be sold As-Is. Cross listed with MLS: 22-169731. Contact listing agent for more details!

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-07-07T09:42:55.653. 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.
www.markwiseproperties.com/homes/130177260
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226 S Union Ave Los Angeles, CA 90026

  • Price: $1,250,000
  • Status: Active
  • On Site: 13 Days
  • Updated: 57 min ago
  • MLS #: 22-171641
0
Beds
0
Baths
0
½ Baths
0.16
Acres
Neighborhood:
Downtown L.A.
County:
Los Angeles
Area:
Downtown L.A.
Property Description
We are pleased to present for a sale a prime LAR3 development opportunity in the Westlake/Historic Filipinotown neighborhood of Los Angeles! Located just minutes away from the hustle and bustle of Sunset Blvd, this ~7,000 sqft lot + Alley offers a developer the opportunity to build 9 units by right or up to 16 units using TOC Incentives. Lot dimensions are 50 by 140 sqft, zoned R3-1, TOC Tier 2, and comes with an alley (Optimal for design efficiency and parking access!). Subject property is currently an owner occupied single family residence that will be delivered VACANT, meaning no dealing with rent stabilization (RSO), tenant relocation, or new onerous SB 8 regulations! Property has received "preliminary approval" from Housing department that the site will be exempt from SB 8 low income replacement requirement!! The site may also be a great opportunity for fourplex or small lot subdivision. The site lies in close proximity to Echo Park, Silver Lake, Koreatown, DTLA, and much more! Lots of new development in this pocket! Do not miss this opportunity to build in a high rental demand area undergoing gentrification close to restaurants, bars, shopping, and transportation. Buyer to verify all zoning regulations with LADBS. Home to be sold As-Is. Cross listed with MLS: 22-169731. Contact listing agent for more details!
Exterior Features

Lot Size Area 6999 View Description None View YN No

Property Features

Cable YN Yes Sale Type Standard Source Lot Size Area Vendor Enhanced Source Lot Size Dimensions Vendor Enhanced Zoning Lar3

Listing provided courtesy of Daniel Shamooelian DRE#01984269 of Brc Advisors- Bh.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-07-07T09:42:55.653. 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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Mark Wise | Bennion Deville Homes
71691 Highway 111
Rancho Mirage CA, 92270