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 AGENT: Elizabeth C. Layne LISTING BROKERAGE: Estate Properties
Courtesy of Estate Properties. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than The Agency RE include the name of the listing broker. Neither the listing company nor The Agency RE shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2025. California Regional Multiple Listing Service. All rights reserved. 138 Union Place 5153013009
Los Angeles, CA
Property Details
Price:
$885,000
MLS #:
25483217
Status:
Active
Baths:
0
Address:
138 Union Place 5153013009
Type:
Land
Neighborhood:
c21silverlakeechopark
City:
Los Angeles
Listed Date:
Jan 15, 2025
State:
CA
ZIP:
90026
Lot Size:
9,181 sqft / 0.21 acres (approx)
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- Address138 Union Place 5153013009 Los Angeles CA
- AreaC21 – Silver Lake – Echo Park
- CityLos Angeles
- CountyLos Angeles
- Zip Code90026
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