132 Union Pl Los Angeles, CA 90026

This exceptional 8,341 square foot vacant lot presents a remarkable development opportunity in Los Angeles' Westlake community. Located at 132 Union Place, the property boasts R3-1 zoning, permitting a range of residential projects, including multi-family housing. Its designation as Medium Residential under the General Plan, combined with Tier 2 Transit Oriented Communities (TOC) status, unlocks attractive incentives such as density bonuses and reduced parking requirements. Situated within 500 feet of several schools – Belmont Senior High, Sal Castro Middle School, and Harris Newmark Continuation High School – and near Unidad Park, this location is ideal for family-oriented developments. The property's central location within the Westlake Recovery Redevelopment Project Area offers further advantages, including potential benefits from the Los Angeles State Enterprise Zone, providing tax credits and economic incentives. The asking price is $1,000,000, translating to $120 per square foot. The lot's size is approximately 50 feet of frontage and 175 feet in depth. A Walk Score of 88 ("Very Walkable") underscores its convenient location. This is a by-right market rate or 100% affordable housing opportunity, offering developers a chance to contribute to Westlake's revitalization. The absence of existing structures streamlines the development process, eliminating demolition costs and expediting project timelines.