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306 S Union Pl 0.22 Acres of Commercial Land in Los Angeles, CA 90017
INVESTMENT HIGHLIGHTS
- Approved plans in place
EXECUTIVE SUMMARY
Proposed Building Size: 25,986 SF
Rentable SF: 20,750 SF
Unit Breakdown:
2bed/2bath: 850 SF x 5
1bed/1bath: 660 SF x 25 (4 affordable units)
Total of 30 units
Buyers to verify all information with City itself.
PROPERTY FACTS
1 LOT AVAILABLE
Lot
| Lot Size | 0.22 AC |
| Lot Size | 0.22 AC |
The property is a well-positioned lot, perfectly suited for a mid-range residential building targeting renters who seek a convenient location, and easy access to public transportation.
DESCRIPTION
306 Union Place is located in the Westlake neighborhood of Los Angeles, a historic and high-density urban district just west of Downtown LA. Property comes with preliminary architectural plans for 30 units apartment building. With convenient access to major freeways and public transportation hubs like the Westlake/MacArthur Park Metro Station, the location is ideal for commuters and businesses. Recent revitalization efforts have led to new developments, dining options, and entertainment venues, enhancing the area's appeal. The strategic proximity to Downtown LA and ongoing urban renewal make 306 Union Place a prime investment opportunity in a rapidly evolving part of the city.
PROPERTY TAXES
| Parcel Number | 5153-007-010 | Improvements Assessment | $0 CAD |
| Land Assessment | $2,823,933 CAD | Total Assessment | $2,823,933 CAD |
PROPERTY TAXES
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306 S Union Pl
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