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132 Union Place

Los Angeles, CA 90026

$1,000,000 Price
Est. Payment: $ 0/mo
0
Bed
0
Bath
8,341 Sq. Ft.
$120 / Sq. Ft.

132 Union Place

Los Angeles, CA 90026

$1,000,000 Price
$0/mo
0
Bed
0
Bath
8,341
Sq. Ft.
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.
PROPERTY INFORMATION
MLS # 24445087 Lot Size 8,341 Sq. Ft.
HOA Fees $0/Monthly Property Type N/A
Price $ 1,000,000
Price Per SqFt: $ 120
DOM 219 Days
Address 132 Union Place Type Land
City Los Angeles Sq.Ft. 8,341 Sq. Ft.
Postal Code 90026 Garage N/A
County Los Angeles Year Built
Bed / Bath 0 / 0 Parking N/A
Built In Status Active
INTERIOR FEATURES
Has Appliances Yes
EXTERIOR FEATURES
WALKSCORE
MORTGAGE CALCULATOR
  • Principal & Interest:
  • Property Tax:   $1,067
  • Home Insurance:$119
  • HOA Fees:$0
  • Mortgage Insurance:


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PRICE HISTORY
Date Event Price
09/26/2024 Listed $1,000,000
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Listing provided courtesy of Jordan Petito, Keller Williams Beverly Hills. Based on information from California Regional Multiple Listing Service, Inc. as of #Date#. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
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