226 S UNION Avenue, Los Angeles, CA 90026 (MLS # 22169731)
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!
|
DAYS ON MARKET
|
99
|
LAST UPDATED
|
9/28/2022
|
|
YEAR BUILT
|
1928
|
COMMUNITY
|
Downtown L.A.
|
|
COUNTY
|
Los Angeles
|
STATUS
|
Sold
|
|
PROPERTY TYPE(S)
|
Single Family
|
|
|
|
Prior to Aug 16, '22
|
$1,250,000
|
| Aug 16, '22 - Today |
$1,150,000 |
| AREA |
Downtown L.A. |
| GARAGE |
Driveway |
| LOT |
6999 sq ft |
| LOT DIMENSIONS |
50x140 |
| PARKING |
Driveway |
| POOL DESCRIPTION |
None |
| STORIES |
1 |
| STYLE |
Other |
| VIEW DESCRIPTION |
None |
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Listed with Keller Williams Beverly Hills
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of 4/19/24 10:19 PM PDT and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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