Listing Courtesy Of:
Estate Properties, 310-802-6000, Elizabeth C. Layne
Local Realty Services Provided By:
Keller Williams Realty Los Feliz
Overview
What It'll Cost
Neighborhood
Similar Homes
$885,000
138 Union Pl, Los Angeles, CA 90026
.21
ac
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$885,000
138 Union Pl, Los Angeles, CA 90026
Estimation provided by Keller Williams Realty Inc.
.21
ac
Active
For Sale
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.
Assessed Value is a combination of the land and additions.
2023
$916.43
(+4.41%)
$69,508
Land 69,508
2022
$877.72
(+1.39%)
$66,810
Land 66,810
2021
$865.65
(+2.92%)
$66,810
Land 66,810
2019
$841.13
(+2.61%)
$66,125
Land 66,125
2017
$819.75
$63,558
Land 63,558
The Property History data displayed is obtained from public records and/or MLS feeds from the local jurisdiction in which the applicable property is located. As kw.com cannot guarantee that all public records and MLS data is accurate and error-free, it is important that you contact your agent directly in order to obtain the most up-to-date information available.
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