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226 Union Avenue
Los Angeles, CA 90026
Sold
Back on the market, buyer could not perform. PRICE REDUCED for quick sale!!! We are pleased to present for sale a prime LAR3 development opportunity in the Historic Filipinotown/Westlake 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. The site may also be a great opportunity for fourplex or small lot subdivision. 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) or tenant relocation! Property has received official RUD from LA Housing department, meaning the site will be EXEMPT from the SB 8 low income replacement requirement (no low income units will be required under a by right project)!!! The property lies in close proximity to Echo Park, Silver Lake, Koreatown, DTLA, and much more! Lots of new development in this immediate pocket! Do not miss this opportunity to build in a high rental demand area undergoing gentrification close to restaurants, bars, shopping, and transportation. Home to be sold As-Is. Contact listing agent for more details!
PROPERTY INFORMATION
| MLS # | 22171641 | Lot Size | 6,999 Sq. Ft. |
| HOA Fees | $0/Monthly | Property Type | N/A |
| Price | $ 1,150,000
Price Per SqFt: $ 164 |
DOM | 1045 Days |
| Address | 226 Union Avenue | Type | Land |
| City | Los Angeles | Sq.Ft. | 6,999 Sq. Ft. |
| Postal Code | 90026 | Garage | N/A |
| County | Los Angeles | Year Built | |
| Bed / Bath | 0 / 0 | Parking | N/A |
| Built In | Status | Closed | |
| Sold Date | 2022-09-27 |
INTERIOR FEATURES
EXTERIOR FEATURES
WALKSCORE
MAP
MORTGAGE CALCULATOR
- Principal & Interest:
- Property Tax: $1,227
- Home Insurance:$119
- HOA Fees:$0
- Mortgage Insurance:
PRICE HISTORY
| Date | Event | Price |
| 09/27/2022 | Sold | $1,075,000 |
| 08/17/2022 | Active | $1,150,000 |
| 07/08/2022 | Active Under Contract | $1,250,000 |
| 06/23/2022 | Listed | $1,250,000 |
Topfind Realty
REALTOR®
(844)-333-8033
Questions? Contact today.
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Listing provided courtesy of Daniel Shamooelian, 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.
