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Property Detail

Property Detail

Property Detail

226 UNION, Los Angeles, CA 90026

226 UNION, Los Angeles, CA 90026

$1,250,000 LOGIN TO SAVE

Bedrooms: 5

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Bathrooms: 2

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Area: 1447 SqFt.

    Description

    We are pleased to present for a sale a prime LAR3 development opportunity in the Westlake/Historic Filipinotown neighborhood of Los Angeles! Located just minutes away from the hustle and bustle of Sunset Blvd, this ~7,000 sqft lot + Alley offers a developer the opportunity to build 9 units by right or up to 16 units using TOC Incentives. Lot dimensions are 50 by 140 sqft, zoned R3-1, TOC Tier 2, and comes with an alley (Optimal for design efficiency and parking access!). Subject property is currently an owner occupied single family residence that will be delivered VACANT, meaning no dealing with rent stabilization (RSO), tenant relocation, or new onerous SB 8 regulations! Property has received "preliminary approval" from Housing department that the site will be exempt from SB 8 low income replacement requirement!! The site may also be a great opportunity for fourplex or small lot subdivision. The site lies in close proximity to Echo Park, Silver Lake, Koreatown, DTLA, and much more! Lots of new development in this pocket! Do not miss this opportunity to build in a high rental demand area undergoing gentrification close to restaurants, bars, shopping, and transportation. Buyer to verify all zoning regulations with LADBS. Home to be sold As-Is. Contact listing agent for more details!

    Features​

    • 0.16 Acres
    • 1 Story

    Steve and Diana Lincoln

    Call or Text Steve: (760) 707-6033​​​​​​​​​​​​​​

    ​​​​​​​Call or Text Diana: (760) 707-6034

    Follow Us

    Call or Email Lincoln Realty Group now to inquire about this property.

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    Contact

    CA DRE #01870580

    6965 El Camino Real 105-690, Carlsbad CA 92009

    877.692.8427

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    This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by Sandicor®. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2017 Sandicor®, Inc.

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