Prime development opportunity consisting of two contiguous parcels located at 241 and 245 N. Union Avenue (APNs 5159-009-014 and 5159-009-013), totaling approximately 28,700 SF. Offered at $4,495,000, the vacant, fully demolished site is located in Historic Filipinotown, just south of Echo Park Lake.The RD1.5-1, Tier 2 property features valuable street-to-alley frontage and is currently fully entitled for an 18-home small-lot subdivision. The approved plans include approximately 31,243 SF of livable area and 42,568 gross SF, with contemporary three- and four-bedroom townhomes ranging from approximately 1,607 to 1,920 SF. Each residence is designed with private garage parking and a rooftop deck, with additional guest parking provided.The site has been completely cleared, eliminating demolition and tenant-relocation risk, and substantial entitlement, planning and design work has already been completed. Permit fees must be paid before September 1, 2026, to maintain the current approvals. The purchaser will also be responsible for posting the required bond for public right-of-way improvements.Conveniently located near Echo Park, Silver Lake, Downtown Los Angeles, Westlake and Koreatown, with easy access to the 101 Freeway. Available as an outright sale or potential joint venture opportunity.
- Listing Status: Active
- Listing Agent: Angelica Gotzev
(lic# 02053007)
of CLAW
- Listing Office: Kidder Mathews of California, Inc.
(lic# 01946490)
- CO-Listing Agent: Janet Neman
(lic# 01069127)
of Beverly Hills/Greater LA
- CO-Listing Office: Kidder Mathews of California, Inc.
(lic# 01946490)
-
Based on information from CRISNet MLS as of 3rd August 2026 at 11:07pm. 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. Properties may or may not be listed by the office/agent presenting the information.
