241 -245 N Union Avenue, Los Angeles, CA 90026
Local realty services provided by:Better Homes and Gardens Real Estate Wine Country Group
241 -245 N Union Avenue,Los Angeles, CA 90026
$4,495,000
- 0.66 Acres
- Lots / Land
- Active
Listed by: angelica gotzev, janet neman
Office: kidder mathews of california, inc.310-312-1800
MLS#:26857979
Source:CRMLS
Price summary
- Price:$4,495,000
About this home
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....
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Home facts
- Listing ID #:26857979
- Added:1 day(s) ago
- Updated:July 09, 2026 at 09:50 PM
Structure and exterior
- Lot area:0.66 Acres
Finances and disclosures
- Price:$4,495,000
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