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1040 S Union Avenue

Los Angeles (City), CA 90015
  • $4,500,000
  • STATUS: Active
  • ON SITE: 52 Days
  • ID#: 23320455
UPDATED: 76 min ago
$4,500,000
  • 0
    BEDS
  • 0.43
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Vacant Land / Lots
County:

School Ratings & Info

Listing Agent(s): Dario Svidler of Keller Williams Beverly Hills (310-432-6400)


Description

We are proud to exclusively present for sale a development opportunity for 40 units. Currently, there are 3 side-by-side vacant buildings on site with 11 units. Sellers have approved RTI plans to subdivide the 3 buildings into 22 units & conceptual drawings to add an additional 18 units in the rear. Start remodeling the front structures while entitling the development in the back! Have income from the front during construction of the new 18 units in the back! The property is ED1 eligible and zoned R4-1-HPOZ Tier 3. Walk Score calls this area a Walker's Paradise with Excellent Transit! Just a hop and a skip to Downtown LA, the Subway Metro Station, Crypto.com Arena, the 110 and 10 freeways and countless hospitality options. The property is adjacent to an Elementary School and close to parks. Lots of jobs in the area and a high demand for housing. Existing 11,874 SF of Structures - 18,738 SF of Land. Listing includes 3 addresses and 3 APNs: 1030 S. Union Ave. - 5137-015-012, 1036 S. Union Ave. - 5137-015-014, 1040 S. Union Ave. - 5137-015-016.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2023-12-03T18:31:24.967. 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 Emily Wang Realtor | Century 21 Award. Licensed in the State of California, USA.
www.emilywanghomes.com/homes/144297698
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1040 S Union Avenue Los Angeles (City), CA 90015

  • Price: $4,500,000
  • Status: Active
  • On Site: 52 Days
  • Updated: 76 min ago
  • ID#: 23320455
0
Beds
0
Baths
0
½ Baths
0.43
Acres
Neighborhood:
C42 - Downtown L.A.
County:
Los Angeles
Area:
C42 - Downtown L.A.
Property Description
We are proud to exclusively present for sale a development opportunity for 40 units. Currently, there are 3 side-by-side vacant buildings on site with 11 units. Sellers have approved RTI plans to subdivide the 3 buildings into 22 units & conceptual drawings to add an additional 18 units in the rear. Start remodeling the front structures while entitling the development in the back! Have income from the front during construction of the new 18 units in the back! The property is ED1 eligible and zoned R4-1-HPOZ Tier 3. Walk Score calls this area a Walker's Paradise with Excellent Transit! Just a hop and a skip to Downtown LA, the Subway Metro Station, Crypto.com Arena, the 110 and 10 freeways and countless hospitality options. The property is adjacent to an Elementary School and close to parks. Lots of jobs in the area and a high demand for housing. Existing 11,874 SF of Structures - 18,738 SF of Land. Listing includes 3 addresses and 3 APNs: 1030 S. Union Ave. - 5137-015-012, 1036 S. Union Ave. - 5137-015-014, 1040 S. Union Ave. - 5137-015-016.
Exterior Features

Parking Total 0 View YN Yes

Property Features

Additional Parcels YN Yes Association YN No Disclosures Rent Control Listing Agreement Exclusive Right To Sell Listing Service Full Service New Construction YN No Rent Control YN Yes Senior Community YN No Special Listing Conditions Standard Zoning R4-1-Hpoz Tier 3



Based on information from California Regional Multiple Listing Service, Inc. as of 2023-12-03T18:31:24.967. 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 Emily Wang Realtor | Century 21 Award. Licensed in the State of California, USA.
 
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Emily Wang Realtor | Century 21 Award
4040 Barranca Parkway #220
Irvine CA, 92604
Listing Agent(s): Dario Svidler of Keller Williams Beverly Hills (310-432-6400)