132 Union Place

Los Angeles, CA 90026

$1,000,000
Price
8,341 / 0.19
Lot Size / Acres

Description

We are pleased to present a prime Development opportunity located at 132 S Union Place, Los Angeles, CA. This property, currently a vacant lot, spans 8,340 square feet, offering significant potential for residential development within the Westlake community. Zoned R3-1 and designated for Medium Residential use under the General Plan, this lot provides developers with flexibility for a range of residential projects, including multi-family housing. The property is located in a Transit Priority Area...We are pleased to present a prime Development opportunity located at 132 S Union Place, Los Angeles, CA. This property, currently a vacant lot, spans 8,340 square feet, offering significant potential for residential development within the Westlake community. Zoned R3-1 and designated for Medium Residential use under the General Plan, this lot provides developers with flexibility for a range of residential projects, including multi-family housing. The property is located in a Transit Priority Area and benefits from Tier 2 TransitOriented Communities (TOC) status, providing developers with attractive incentives such as density bonuses and reduced parking requirements to optimize the development's potential. Additionally, the site is within 500 feet of several schools, including Belmont Senior High, Sal Castro Middle School, and Harris NewmarkContinuation High School, making it ideal for family-oriented residential developments. The property is also close to Unidad Park, offering recreational opportunities for future residents. This vacant lot, with no existing structures, allows developers to begin construction without the need for demolition, expediting project timelines. Positioned in the Westlake Recovery Redevelopment Project Area, this opportunity is further enhanced by the potential benefits available through the Los Angeles State Enterprise Zone, which provides tax credits and other economic incentives. The lot's central location, coupled with its zoning flexibility and TOC incentives, presents a unique opportunity for developers looking to contribute to the ongoing growth and revitalization in the Westlake area.
  1. Listed by Jordan Petito • DRE #02023714 • Brokerage DRE #01425795 • Keller Williams Beverly Hills
  2. Listed by Ariel Sayani • DRE #02072610 • Brokerage DRE #01425795 • Keller Williams Beverly Hills

Property Details for 132 Union Place

Zoning
R3-1
Parcel Number
5153013008
Area
Downtown L.A. (C42)
Lot Size Area
8341
Source Lot Size Area
Other
Present Use
Vacant Land
Potential Usage
Development
Assessor Parcel Number
5153-013-008
LISTING UPDATED: 09/26/2024 01:48 PM

Property Details for 132 Union Place

StatusActive
MLS #24-445087
Days on Market6
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeLand
MLS TypeLand Lot
Year Built-
Lot Size0.19 AC
CountyLos Angeles County

Building Information for 132 Union Place

Lot Size0.19 AC

Property Information for 132 Union Place

Community / Development
Community / Development
  • Senior Community: No
Structure Info
Structure Info
  • View: No
  • View Description: None
  • View: None
Contract Info
Contract Info
  • Disclosures: None
  • Listing Type: Exclusive Right To Sell
  • Service Level: Limited Service
Land / Lot Info
Land / Lot Info
  • Special Zoning: None
  • Lot Acreage: 0.1915
  • Lot Size Square Feet: 8341
  • Telephone: 0.0
  • Cable: 0.0
Parking Details
Parking Details
  • Total Parking: 0
Exterior Features
Exterior Features
  • New Construction: No
Lease Terms
Lease Terms
  • Entry Date: 09-26-2024

Property History for 132 Union Place

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 132 Union Place

Taxable ValueLand$130,008Additions-Total$130,008
Tax Record2023$1,603 ($134 / month)
Home Facts
Beds0Stories1Lot Size8,341 SqFtStyleResidentialZoningLAR3CountyLOS ANGELESAPN5153-013-008

Schools near 132 Union Place

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Union Avenue Elementary School
Public - K to 5
Sal Castro Middle School
Public - 6 to 8
Contreras Learning Center-School Of Social Justice
Public - 9 to 12
Miguel Contreras Learning Complex School
Public - 9 to 12
Rating
School
Distance
Union Avenue Elementary School
PublicK to 5

Sal Castro Middle School
Public6 to 8

Contreras Learning Center-School Of Social Justice
Public9 to 12

Miguel Contreras Learning Complex School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 132 Union Place, Los Angeles, CA 90026

132 Union Place is a 0.19 ac of land for sale in Los Angeles, CA 90026. This property was listed for sale on September 25, 2024 by Keller Williams Beverly Hills, it's currently listed at $1,000,000. This listing's school district is Los Angeles Unified School District. Nearby schools include Union Avenue Elementary School, Sal Castro Middle School and Contreras Learning Center-School Of Social Justice. 132 Union Place is a 0-bed, 0-bath, 0.19 ac of land on a 8,341 sq. ft. / 0.19 acres lot.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Keller Williams Beverly Hills, Jordan Petito, DRE #02023714; Keller Williams Beverly Hills, Ariel Sayani, DRE #02072610

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.