We are pleased to present a prime Development opportunity located at 132 S Union Place, Los Angeles, CA. This property, currently a vacant lot, spans 8,340 square feet, offering significant potential for residential development within the Westlake community. Zoned R3-1 and designated for Medium Residential use under the General Plan, this lot provides developers with flexibility for a range of residential projects, including multi-family housing. The property is located in a Transit Priority Area and benefits from Tier 2 TransitOriented Communities (TOC) status, providing developers with attractive incentives such as density bonuses and reduced parking requirements to optimize the development's potential. Additionally, the site is within 500 feet of several schools, including Belmont Senior High, Sal Castro Middle School, and Harris NewmarkContinuation High School, making it ideal for family-oriented residential developments. The property is also close to Unidad Park, offering recreational opportunities for future residents. This vacant lot, with no existing structures, allows developers to begin construction without the need for demolition, expediting project timelines. Positioned in the Westlake Recovery Redevelopment Project Area, this opportunity is further enhanced by the potential benefits available through the Los Angeles State Enterprise Zone, which provides tax credits and other economic incentives. The lot's central location, coupled with its zoning flexibility and TOC incentives, presents a unique opportunity for developers looking to contribute to the ongoing growth and revitalization in the Westlake area.
Property Details
Property Features
Listing Office:
Office Name: Keller Williams Beverly Hills
Office Phone: (310) 432-6400
Listing Agent: Jordan Petito
Exterior Features
Exterior Information:
View: None
Lot Features
Lot Information:
Lot Size: 0.19 Acres
Other
Directions Information:
Directions: Located near the intersection of W 1st Street and N Beaudry Avenue, a few blocks north of the 110 Freeway. It's nestled in a vibrant area just west of Echo Park Lake and a short distance from Sunset Boulevard
Price Information
Listing Price Info
Price Summary:
List Price: $1,000,000
Tax Information:
Annual Amount: $1,512
Tax Year: 2021
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Housing Market Comparison
See how this home compares to others in Los Angeles, CA.
This property is $21.5K less than the Median Sold Price in Los Angeles, CA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: CRMLS
MLS Number: #24445087
Listing Office:
Office Name: Keller Williams Beverly Hills
Office Phone: (310) 432-6400
Listing Agent: Jordan Petito
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) 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. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 12/18/2024, 7:20:58 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Listing History
DATE
EVENT
PRICE
Jun 26, 1992
Jun 26, 1992Home Sold
$75,000
Tax History
YEAR
PROP. TAX
ASSESSMENT
2021
$1,512
$122,510
2020
$1,467
$121,254
2019
$1,462
$118,877
2018
$1,432
$116,547
2017
$1,432
$114,262
History based on county public records data.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
4
/10
Union Avenue Elementary
150 S Burlington Ave
Distance between this listing and this school0.12 miles
Public District Grades PK-5
4
/10
N.E.W. Academy of Science and Arts
379 Loma Dr
Distance between this listing and this school0.30 miles
Public Charter Grades KG-5
4
/10
Gratts Learning Academy for Young Scholars (GLAYS)
309 Lucas Ave
Distance between this listing and this school0.40 miles
Public District Grades 2-6
Nearby Schools
4
/10
Sal Castro Middle School
1575 W 2nd St
Distance between this listing and this school0.15 miles
Public District Grades 6-8
4
/10
John Liechty Middle School
650 S Union Ave
Distance between this listing and this school0.64 miles
Public District Grades 6-8
5
/10
Camino Nuevo Charter Academy
697 S Burlington Ave
Distance between this listing and this school0.72 miles
Public Charter Grades KG-8
Nearby Schools
1
/10
Harris Newmark Continuation
1575 W 2nd St
Distance between this listing and this school0.15 miles
Public District Grades 9-12
3
/10
Belmont High School
1575 W 2nd St
Distance between this listing and this school0.15 miles
Public District Grades 9-12
8
/10
Alliance Ted K. Tajima High School
1552 Rockwood St
Distance between this listing and this school0.20 miles
The neighbors living near this home have an average income of $57,248. Residents of Los Angeles, CA typically earn between $35k-100k each year. Typical family type is married, with kids. The majority of residents in this area have high school diploma education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 132 Union Pl
What is the listing price of this property?
The listing price of 132 Union Pl property is $1,000,000.
What type of property is this?
The property 132 Union Pl is land located in Los Angeles, California, 90026.
Is this property for sale now?
Active Listing: 132 Union Pl is For Sale (Active/New) which means the seller is accepting offers.
What is the annual property tax for this property?
According to the records, the last property tax for 2021 is $1,512 (source: MLS/based on county public records data).
When was this property sold last time and for how much?
The last sale was on June 26, 1992 for $75,000. (source: MLS/tax record).
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This home is located at 132 Union Pl in Los Angeles, CA and zip code 90026 in the Central LA neighborhood. This home sits on a 0.19 acre lot. It has been listed on Rocket Homes since September 26, 2024 and is currently priced at $1,000,000.
While more than 512 listings in Los Angeles, CA in November 2024 were sold above asking price, there were more than 177 listings sold at asking price, and more than 657 were sold below. In November 2024 in Los Angeles, CA there were 0.6% less homes for sale than in October 2024. Listings spent 38 days on the market in November 2024, and had a median list price of $1,021,532 during the same period.
From Rocket Homes Real Estate and based on county public records data.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. 
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