138 UNION PLACE, LOS ANGELES CA 90026
- 9,181 sq.ft. lot
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.
Listing Courtesy of Elizabeth C. Layne, Estate Properties
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