138 Union Pl new Save Request In-Person Tour Request Virtual Tour
Los Angeles,CA 90026
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID 25-483217
Lot Size 9,181 Sqft
Acres 0.2108
Property Description
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.
Location
State CA
County Los Angeles
Area Silver Lake - Echo Park
Zoning LAR3
Exterior
View Y/N No
View None
Others
Special Listing Condition Standard