This double lot, situated just south of the 101 freeway in a great Echo Park pocket, is prime for redevelopment. With a total lot size of 28,700 square feet (on an alley) and RD1.5-1 zoning, the site lends itself perfectly for a Small Lot Subdivision or apartment building project. Build approximately 20 units by right without any density bonus (one lot is TOC Tier 1 and one lot is TOC Tier 2). Currently, the owners are in the process of entitling an 18 unit Small Lot Subdivision project but a new owner may conceptualize something different or continue on with the current project. The double-lot dimensions are 205 x 140 feet, not including the alley, with a large frontage and potential for great views in any development. Central to everything, you are just a short ride to DTLA, Silver Lake, Echo Park lake, trendy restaurants and nightlife. This is an excellent opportunity to build in a strong sale and rental market. Sale includes both lots: 241 and 245 N. Union Street.
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
