241 N Union Ave

LOS ANGELES, CA, 90026

$5,450,000

$5,450,000
Active Under Contract
Active Under Contract
 - For Sale
property_type
Land
We are proud to exclusively present for sale a Fully Entitled 18 Small Lot Subdivision with an approved Vesting Tentative Tract Map just south of Echo Park Lake in Historic Filipinotown. With an oversized 28,700 SF RD1.5-1 Tier 2 double-lot on an alley with a gently sloping lot that can lead to some nice area views, this property sits on an extra wide street with architectural Churches across the street and a few doors down. Situated in a unique neighborhood with easy access to the 101 Freeway, this property is a block away from the restaurants on Temple Street to the north and Beverly Blvd. to the south, and just down the street from the Echo Park Tennis Courts. Central is the game here, being about a mile to the heart of commercial Echo Park and almost as close to Silver Lake, the MacArthur Park Metro Subway Station and Downtown LA, this Small Lot Opportunity is sure to be in very high demand once the individual homes hit the market. The property has already been demo'd, so there are no relocation headaches. The transaction includes a Concept Project that should be ready to submit to Plan Check soon after the Close of Escrow. The Concept Project consists of multi-story homes with roof-top decks. Homes range from 1,608 to 1,919 SF. Six Style A Units consist of 3 Beds + 3.5 Baths with side-by-side garages. Six Style B homes will have 3 Beds + 3.5 Baths in addition to a 194 SF Entry with Closet, and side-by-side garages. Six Style C homes will have 4 beds + 3 Baths and tandem garages. With around 31,235 SF of livable square footage and 4 guest parking spaces, this project is sure to please. Transaction includes 241 & 245 Union Ave. with two APNs: 5159-009-013 and 5159-009-014.
MLS® ID:
21-763122
Listed:
7/19/21
Updated:
8/10/22

Exterior/Building Features

Lot Size
0.66 acres lot

Other Property Details

Garage
No
Parking
N
View
Y
County
Los Angeles
Pool
No
Zoning
RD1.5-1 Tier 2
Contact