Los Angeles, CA 90026 132 Union Place

132 Union Place Los Angeles, Ca - Image 1132 Union Place Los Angeles, Ca - Image 2132 Union Place Los Angeles, Ca - Image 3
Presented By: Jordan Petito with Keller Williams Beverly Hills;
  • MLS# 24445087
  • 09/26/2024
  • Request Tour
  • Request Info

Home Details

We are pleased to present a prime Development opportunity located at 132 S Union Place, Los Angeles, CA. This property, currently a vacant lot, spans 8,340 square feet, offering significant potential for residential development within the Westlake community. Zoned R3-1 and designated for Medium Residential use under the General Plan, this lot provides developers with flexibility for a range of residential projects, including multi-family housing. The property is located in a Transit Priority Area and benefits from Tier 2 TransitOriented Communities (TOC) status, providing developers with attractive incentives such as density bonuses and reduced parking requirements to optimize the development's potential. Additionally, the site is within 500 feet of several schools, including Belmont Senior High, Sal Castro Middle School, and Harris NewmarkContinuation High School, making it ideal for family-oriented residential developments. The property is also close to Unidad Park, offering recreational opportunities for future residents. This vacant lot, with no existing structures, allows developers to begin construction without the need for demolition, expediting project timelines. Positioned in the Westlake Recovery Redevelopment Project Area, this opportunity is further enhanced by the potential benefits available through the Los Angeles State Enterprise Zone, which provides tax credits and other economic incentives. The lot's central location, coupled with its zoning flexibility and TOC incentives, presents a unique opportunity for developers looking to contribute to the ongoing growth and revitalization in the Westlake area.
Presented By: Jordan Petito with Keller Williams Beverly Hills;

Interior Features for 132 Union Place

Bathrooms

1/4 Baths0
3/4 Baths0
Half Baths
Total Baths

Other Interior Features

Air Conditioning Y/NNo
Basement (Y/N)No
Fireplace Y/NNo
Heating Y/NNo

General for 132 Union Place

Additional Parcels Y/NNo
Attached Garage No
Carport Y/NNo
CityLos Angeles
CountyLos Angeles
DirectionsLocated near the intersection of W 1st Street and N Beaudry Avenue, a few blocks north of the 110 Freeway. It's nestled in a vibrant area just west of Echo Park Lake and a short distance from Sunset B
Electric On Property Y/NNo
Full Baths
Garage Y/NNo
HOANo
Home Warranty Y/NNo
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Lot Size Square Feet8341.0
Lot Size UnitsSquareFeet
MLS AreaC42 - Downtown L.A.
MobileHomeRemainsYNNo
New ConstructionNo
Property Attached Y/NNo
Property TypeLand
Rent Control Y/NNo
Senior Community Y/NNo
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
ViewNone
Waterfront Y/NNo
ZoningR3-1

Exterior for 132 Union Place

Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Size Acres0.1915
Lot Size Area8341.0
Lot Size SourceOther
Open Parking Y/NNo
Private PoolNo
SpaNo
Total Parking0.0

Additional Details

Price History

1527188455

First Team Client Services

Price $1,000,000
MLS#24445087
List Date 09/26/2024
Property Type Land
Phone 714.964.3311
Request Tour
Request Info
Visit My Website

Similar Properties to 132 Union Place