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$ 4,495,000
Est. payment | /mo
0.66 Acres Lot
$ 4,495,000
Est. payment | /mo
0.66 Acres Lot
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID 26857979
Lot Size 0.659 Acres
Acres 0.3296
Property Description
Prime development opportunity consisting of two contiguous parcels located at 241 and 245 N. Union Avenue (APNs 5159-009-014 and 5159-009-013), totaling approximately 28,700 SF. Offered at $4,495,000, the vacant, fully demolished site is located in Historic Filipinotown, just south of Echo Park Lake.The RD1.5-1, Tier 2 property features valuable street-to-alley frontage and is currently fully entitled for an 18-home small-lot subdivision. The approved plans include approximately 31,243 SF of livable area and 42,568 gross SF, with contemporary three- and four-bedroom townhomes ranging from approximately 1,607 to 1,920 SF. Each residence is designed with private garage parking and a rooftop deck, with additional guest parking provided.The site has been completely cleared, eliminating demolition and tenant-relocation risk, and substantial entitlement, planning and design work has already been completed. Permit fees must be paid before September 1, 2026, to maintain the current approvals. The purchaser will also be responsible for posting the required bond for public right-of-way improvements.Conveniently located near Echo Park, Silver Lake, Downtown Los Angeles, Westlake and Koreatown, with easy access to the 101 Freeway. Available as an outright sale or potential joint venture opportunity.
Location
State CA
County Los Angeles
Area Silver Lake - Echo Park
Zoning LARD1.5
Exterior
View Y/N No
View None
Others
Special Listing Condition Standard
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The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.
Listed by Kidder Mathews of California, Inc.
Nearby Locations
Chakits Krulsawat
Buyer and Sales Specialist | RE. Lic# S.0168764
+1(702) 319-1092 | chakits.k@gmail.com