226 S UNION Avenue, Los Angeles, CA 90026

About this property

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!

Listing description from the September 2022 sale, as reported to CRMLS.

Sale history

$1,075,000

Sold September 2022 · listed $1,150,000, orig. $1,250,000, on market June 2022 · MLS #22171641 · Source: CRMLS

Listing Agent: Daniel Shamooelian · Listing Office: Keller Williams Beverly Hills · Contact: 310-432-6400 · Bought with: Daniel Shamooelian · BRC Advisors- BH

$1,075,000

Sold September 2022 · listed $1,150,000, orig. $1,250,000, on market June 2022 · MLS #22169731 · Source: CRMLS

Listing Agent: Daniel Shamooelian · Listing Office: Keller Williams Beverly Hills · Contact: 310-432-6400 · Bought with: Daniel Shamooelian · BRC Advisors- BH

$275,000

Sold February 2012 · listed $270,000, orig. $330,000, on market January 2011 · MLS #11499757 · Source: CRMLS

Listing Agent: Kyoung Sara Choi · Listing Office: America Realty Los Angeles · Contact: 213-674-0791 · Bought with: Roberto Ramirez · Alpha Investments

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