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520 S. Union Dr.
520 S. Union Dr., Los Angeles, CA 90017
Last Verified 11/2/2009
Listing ID 15037367
1 Lot Available
Lot 1
$590,000
8,102.16 SF
Multifamily (land)
2.5%
Highlights
20 Unit development site with potential for 25% density bonus (Zoned R4)- Tentative tract map approval is in process
- Close to Metro Link, downtown, and large employer base
- Potential for Senior Housing
- Proposed entitlements are for 11 condos
Description
This 8,102 sq ft lot (zoned R4) is a 20 unit development site with potential for a 25% density bonus equating to a maximum of 25 units. Height District-1 allows for unlimited height. The F.A.R. (Floor Area Ratio) is 3 to 1. Additonally the owner has entitled the property with an 11 unit condo tract map. Currently the property is vacant and has been used for parking. The lot is between 2 existing apartment buildings.
Close to Metro Link station, downtown, and a large employer base. Population density is 105,194 within a 1 mile radius.
Existing
$690,000
Map of 520 S. Union Dr., Los Angeles, CA 90017 (Los Angeles County)
Created 3/9/2007
The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.