520 Union Dr Los Angeles, CA 90017
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
Location Insight
- Map
- Local Demand
- City
- Los Angeles
- County
- Los Angeles
- State
- California
- Longitude
- -118.26831
- Latitude
- 34.05748
Nearby Similar for Sale
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