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520 Union Dr Los Angeles, CA 90017

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For Sale
$900,000

8,108 SF lot in Westlake generating $2,500 monthly income.

Lot size:
0.19 Acres

Property Features for 520 Union Dr

General Information

Lot size
0.19 Acres

Source: Marcus & Millichap

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

Westlake Lot with Parking Income

Located in the Westlake neighborhood of Los Angeles, 520 Union Dr is an 8,108 square-foot lot zoned R4-1 in a Tier 3 TOC. Situated just north of 6th St and a half-mile from Good Samaritan Hospital, the property is currently used as a parking lot, leased to tenants of the adjacent buildings at 514 and 526 Union Dr, generating $2,500 per month in income. The tenants' parking is included on addendums separate from their apartment lease. The property has a high Walk Score of 93 and is less than a mile from the Metro A-E Rail Lines and Metro Local Lines along 6th St. Retailers such as The Home Depot, Rite Aid, and McDonald's are within walking distance along 6th St. This Westlake neighborhood is ideally located with a short commute to Downtown Los Angeles, Hollywood, and Koreatown. Proximity to MacArthur Park, Echo Park, Dodger Stadium, and The Broad Museum.
Location Intelligence

Current Use by Public Records

Parking lots & garages

Suggested Use

Restaurant Realty agency Spa & Massage Hair Salon Dental Office Law Firm Nail Salon Clothing Store Food Market Gym & Fitness

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Los Angeles
County
Los Angeles
State
California
Longitude
-118.26831
Latitude
34.05748

FAQs

What type of property is this?
Land - 8,108 SF lot in Westlake generating $2,500 monthly income.
Where is this land located?
The property is located at 520 Union Dr Los Angeles, CA.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: - High Walk Score of 93, plus Metro A-E Rail & Local Lines; - Income-generating property: $2,500/month from parking lease; - Located in a Tier 3 TOC area
More about this property
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