Entitled Small-Lot Residential Development
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241-245 N Union Ave, Los Angeles, CA 90026
Vacant, fully demolished site with an approved vesting tentative tract map for 18 small lot homes in an RD1.5-1 zone.
Property SizeContact for details
Days on Market34
Property Features for 241-245 N Union Ave
General Information
Standard status
Active
Property subtype
Land
Zoning
RD1.5-1 Tier 2
Investment Type
Redevelopment
Building Details
Units
18
Listing Agency:
Kidder Mathews Los Angeles West
(310) 996-2210
Listed By:
Janet Neman · License #CA 01069127
Source:
Crexi
Added: Jul 7
Changed: Aug 8
Last Checked: Jul 9 at 12:58AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Kidder Mathews Los Angeles West
Investment Insights
Based on property information with market context.
This offering is a vacant, fully demolished small-lot residential development site consisting of 241-245 N Union Ave. The property is zoned RD1.5-1, Tier 2, and includes valuable street-to-alley frontage. An approved Vesting Tentative Tract Map is in place for development of 18 small lot homes, with substantial entitlement, design, and planning work already completed.
The approved program calls for 18 contemporary multi-story townhomes with private rooftop decks. The development is described as approximately 31,243 square feet of livable area and approximately 42,568 square feet of gross space, with homes averaging approximately 1,736 square feet and ranging from approximately 1,607 to 1,920 square feet. The unit mix includes five Style A residences, six Style B residences, and seven Style C residences.
To maintain the current approvals, permit fees must be paid prior to September 1, 2026. The purchaser will be responsible for posting the required bond for public right-of-way improvements, which include new and upgraded sidewalks, curb and gutter improvements, street trees, street lighting, and sewer and storm drain, or water connections within the public right-of-way.
The approved program calls for 18 contemporary multi-story townhomes with private rooftop decks. The development is described as approximately 31,243 square feet of livable area and approximately 42,568 square feet of gross space, with homes averaging approximately 1,736 square feet and ranging from approximately 1,607 to 1,920 square feet. The unit mix includes five Style A residences, six Style B residences, and seven Style C residences.
To maintain the current approvals, permit fees must be paid prior to September 1, 2026. The purchaser will be responsible for posting the required bond for public right-of-way improvements, which include new and upgraded sidewalks, curb and gutter improvements, street trees, street lighting, and sewer and storm drain, or water connections within the public right-of-way.
Key Highlights
- Vacant, fully demolished 241‑245 N Union Ave development site totaling 18,700 SF
- Approved vesting tentative tract map for 18 small lot homes in an RD1.5‑1 zone (Tier 2)
- Street‑to‑alley frontage and entitlement/design/planning work already completed to reduce front‑end development uncertainty
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
3,028
Businesses Nearby
Explore this area
Business Placement
Demographics for 90026, CA
63,329
Population
28,632
Households
2.2
Avg Household Size
37
Median Age
47%
College-Educated
82%
High-School Grad
4.0 sq mi
ZIP Area
15,832
Density / Sq Mi
$85,835
Median Household Income
$47,600
Median Earnings
$1,822
Median Rent
$1,143,400
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - Vacant, fully demolished site with an approved vesting tentative tract map for 18 small lot homes in an RD1.5-1 zone.
Where is this residential land & home lot located?
The property is located at 241-245 N Union Ave Los Angeles, CA.
What is the asking price?
The asking price for this property is $4,495,000.
What are key features of this property?
This property features: Vacant, fully demolished 241‑245 N Union Ave development site totaling 18,700 SF; Approved vesting tentative tract map for 18 small lot homes in an RD1.5‑1 zone (Tier 2); Street‑to‑alley frontage and entitlement/design/planning work already completed to reduce front‑end development uncertainty
