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- LoopNet Team
424 S Union Ave
Los Angeles, CA 90017
Land For Sale
·
0.16 AC
Investment Highlights
- Good Westlake Location Just Outside of Koreatown
- Less than $150 Per SF of Land
- Seventeen (17) Units By-Right
- Ideal Affordable (ED1) Housing Project
- Across the Street From Another Proposed Multifamily Development for 38-Units at 425 S Union Ave
- Thirty-One (31) Total Potential Buildable Units with TOC
Property Facts
| Property Type | Land | Proposed Use | Apartment Units |
| Property Subtype | Residential | Total Lot Size | 0.16 AC |
| Zoning | LAR4-1 Tier 3 TOC | ||
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | Apartment Units |
| Total Lot Size | 0.16 AC |
| Zoning | LAR4-1 Tier 3 TOC |
Description
A 7,011 SF redevelopment site located at 424 S Union Avenue in Los Angeles, California. The subject property is situated in a good Westlake location just outside of Koreatown, north of Wilshire Boulevard and east of S Alvarado Street. Residents of the Westlake community in California enjoy the relaxed pace of residential neighborhood life with the added benefit of living within 2 miles of downtown Los Angeles. Nestled between the trendy communities of Silver Lake and Echo Park, the diverse Westlake community sits comfortably surrounded by parks, restaurants and museums. Housing options in the Westlake community include single-family homes, townhomes, condos and apartment buildings. One of the most unique aspects of Westlake is that many of the apartment buildings have been constructed from old mansions that lined the neighborhood streets in the 1920s. With everything from parks and shopping to historical Los Angeles mansions and landmarks, the Westlake community has something for everyone.
Property Taxes
| Parcel Number | 5153-005-018 | Improvements Assessment | $348,337 |
| Land Assessment | $803,866 | Total Assessment | $1,152,203 |
Property Taxes
