Listed by Elizabeth C. Layne - DRE #01415795 - Estate Properties 310-802-6000
For Sale

138 Union Place Los Angeles, CA 90026

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Land Residence
0.21 Acre Lot

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Last updated on 1/29/2025 10:06 PM
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. Loc...ated 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. Continue reading
MLS#
25483217
Property Type
Land
Status
Lot Size
0.21

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Listed by Elizabeth C. Layne - DRE #01415795 - Estate Properties 310-802-6000
Barbara Lynn Simmons, CALBRE 637579, Xome Inc., CALBRE 1932600, barbara.simmons@xome.com, 844-400-XOME (9663), 2945 Townsgate Road, Suite 200, Westlake Village, CA 91361

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This content last refreshed on 1/29/2025 10:06 PM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
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