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226 S Union Avenue

Los Angeles (City), CA 90026
  • $1,075,000
  • STATUS: Closed
  • ON SITE: 107 Days
  • ID#: 22169731
Sold - 09/27/2022
$1,075,000
SOLD - 09/27/2022
  • 5
    BEDS
  • 0.16
    ACRES
  • 2
    BATHS
  • 0
    1/2 BATHS
  • 1,447
    SQFT
  • $743
    $/SQFT
Neighborhood:
Type:
Single-Family Home
Built:
1928
County:

School Ratings & Info

Listing Agent(s): Daniel Shamooelian of Brc Advisors- Bh ()


Description

Back on the market, buyer could not perform. PRICE REDUCED for quick sale!!! We are pleased to present for sale a prime LAR3 development opportunity in the Historic Filipinotown/Westlake 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. The site may also be a great opportunity for fourplex or small lot subdivision. 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) or tenant relocation! Property has received official RUD from LA Housing department, meaning the site will be EXEMPT from the SB 8 low income replacement requirement (no low income units will be required under a by right project)!!! The property lies in close proximity to Echo Park, Silver Lake, Koreatown, DTLA, and much more! Lots of new development in this immediate pocket! Do not miss this opportunity to build in a high rental demand area undergoing gentrification close to restaurants, bars, shopping, and transportation. Home to be sold As-Is. Contact listing agent for more details!

Sold by Daniel Shamooelian of Brc Advisors- Bh.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2022-10-07T00:29:52.513. 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 deemed reliable but is not guaranteed accurate by the MLS or Beach City Brokers | BCB Premier Estates | The Miller Group. Licensed in the State of California, USA.
www.tolivebythesea.com/homes/130075777
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226 S Union Avenue Los Angeles (City), CA 90026

  • Price: $1,150,000
  • Status: Closed
  • On Site: 107 Days
  • Updated: 118 min ago
  • ID#: 22169731
5
Beds
2
Baths
0
½ Baths
0.16
Acres
1,447
SQFT
$743
$/SQFT
1928
Built
Neighborhood:
C42 - Downtown L.A.
County:
Los Angeles
Area:
C42 - Downtown L.A.
Property Description
Back on the market, buyer could not perform. PRICE REDUCED for quick sale!!! We are pleased to present for sale a prime LAR3 development opportunity in the Historic Filipinotown/Westlake 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. The site may also be a great opportunity for fourplex or small lot subdivision. 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) or tenant relocation! Property has received official RUD from LA Housing department, meaning the site will be EXEMPT from the SB 8 low income replacement requirement (no low income units will be required under a by right project)!!! The property lies in close proximity to Echo Park, Silver Lake, Koreatown, DTLA, and much more! Lots of new development in this immediate pocket! Do not miss this opportunity to build in a high rental demand area undergoing gentrification close to restaurants, bars, shopping, and transportation. Home to be sold As-Is. Contact listing agent for more details!
Exterior Features

Architectural Style Other Parking Features Driveway Parking Total 3 Pool Features None Pool Private YN No Spa Features None Spa YN No View None View YN No

Interior Features

Common Walls No Common Walls Fireplace Features None Fireplace YN No Furnished Unfurnished

Property Features

Association YN No Laundry Features See Remarks Listing Agreement Exclusive Right To Sell Listing Service Full Service New Construction YN No Property Sub Type Single Family Residence Senior Community YN No Special Listing Conditions Standard Zoning Lar3



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-10-07T00:29:52.513. 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 deemed reliable but is not guaranteed accurate by the MLS or Beach City Brokers | BCB Premier Estates | The Miller Group. Licensed in the State of California, USA.
 
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Beach City Brokers | BCB Premier Estates | The Miller Group
1716 South Catalina Avenue
Redondo Beach CA, 90277
Listing Agent(s): Daniel Shamooelian of Brc Advisors- Bh ()