245 N Union Avenue

  • Los Angeles

  • $4,800,000
  • Acres
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Lot/LandDetails

Description & Essential
Description
This double lot, situated just south of the 101 freeway in a great Echo Park pocket, is prime for redevelopment. With a total lot size of 28,700 square feet (on an alley) and RD1.5-1 zoning, the site lends itself perfectly for a Small Lot Subdivision or apartment building project. Build approximately 20 units by right without any density bonus (one lot is TOC Tier 1 and one lot is TOC Tier 2). Currently, the owners are in the process of entitling an 18 unit Small Lot Subdivision project but a new owner may conceptualize something different or continue on with the current project. The double-lot dimensions are 205 x 140 feet, not including the alley, with a large frontage and potential for great views in any development. Central to everything, you are just a short ride to DTLA, Silver Lake, Echo Park lake, trendy restaurants and nightlife. This is an excellent opportunity to build in a strong sale and rental market. Sale includes both lots: 241 and 245 N. Union Street.
Essential
MLS #18371352
Price$4,800,000
Lot Square Feet≈ 28,700
CountyLos Angeles
StateCA
ViewSee Remarks
Area671 - Silver Lake
ZoneRD1.5-1
StatusActive
Sale TypeStandard
Listing BrokeragePacific Union International
Listing AgentDario Svidler
Listing Agent BRE #01884474

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Based on information from California Regional Multiple Listing Service, Inc. as of Thursday, August 9, 2018. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.