132 Union Pl - 132 Union Pl 0.19 Acres of Residential Land Offered at $1,395,920 CAD in Los Angeles, CA 90026

The Growth Investment Group is proud to offer a development
opportunity in Westlake Rampart near Silver Lake and Echo Park in
Los Angeles, California. This site presents an immense opportunity to
build a new multi-family unit. Major new developments have been
increasing across the area, while the city recently put in over 30
million dollars to transform Echo Park. The same transformation will
happen here as well. This site is less than a half a mile from the most attractive parts of
Silver Lake and Echo Park, and less than a mile to Downtown Los
Angeles. Affluent millennials desire to live in this area and thus
attracts high rents. Local developers are receiving over $2,200
for a one bedroom and ~$2,800 for a 2 bedroom.
This location is minutes away from areas including Downtown
Los Angeles, Silver Lake, Sunset Blvd., Dodger Stadium, Crypto.
com Arena, the Metro, as well as convenient access to the 101,
2, 5, 10 and 110 freeways. Nearby schools include Belmont Senior
High School, Los Angeles High School for the Arts (LAHSA) and
Los Angeles Teachers Preparatory Academy. Buyer is responsible
to check all zoning and building regulations with the city of Los
Angeles