138 Union Place, Los Angeles, CA 90026 - Berkshire Hathaway HomeServices California Properties

138 Union Place, Los Angeles, CA 90026

$550,000 Approx. USD 0 beds, 0 baths

Listing Agent


Elizabeth C. Layne | elizabeth@agentlayne.com
Lic#: 01415795
Broker: Courtesy of Estate Properties

Agent Remarks

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.

Listing Details

Property type: (Lots/Land)
Status: Active
MLS# 25483217
List price is $550,000 Reduced by $335,000 on 4/3/2025
Price: $550,000
Beds: 0
Baths: 0
0.21 acres
Lot size: 0.2108
County: Los Angeles
Zoning: LAR3
MLS area: C21 - Silver Lake - Echo Park

Last Updated: 4/3/2025

 Days On Market (DOM): 87

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This listing belongs to the C21 - Silver Lake - Echo Park MLS area

Lat/Long: 34.062730, -118.264499.
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DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your financial and/or tax advisor. GET PRE-APPROVED The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

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