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132 - 138 Union Place, Los Angeles, CA

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132 - 138 Union Place

Los Angeles, CA 90026 - Greater Downtown Submarket

Property Type:Land Parcel Size:.4 Acres
For Sale Price:$850,000 Price/Acre:$2,125,000 Price/SF:$48.78

Proposed Use:-

On-Site Improv:-

Sale Notes:
The Growth Investment Group is proud to offer a development opportunity in a rapidly gentrifying area near Silver Lake and Echo Park in Los Angeles, California. This site presents an immense opportunity to build a new multi-family unit. Major new developments have been increasing across the area, while the city recently put in over 30 million dollars to transform Echo Park. The same transformation will happen here as well.

This site is less than a half a mile from the most attractive parts of Silver Lake and Echo Park, and less than a mile to Downtown Los Angeles. Affluent millennials desire to live in this area and thus attracts high rents. Local developers are receiving over $1,900 for a one bedroom and $2,700 for a 2 bedroom.

Growth Investment Group, Inc.
Han Widjaja-Chen
(626) 594-4901

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