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500 S Union Avenue
USD 5,900,000
房产编号: 23322233
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500 S Union Avenue ,90017
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icon 19921 SqFt
icon Built in 2025
icon USD 296/SqFt
icon 91 Beds
icon 91 Full
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位置 街景
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室内细节
卧室
91
浴室
91
室内面积
64759
建筑细节
物业类型 --
房屋状况 --
建筑风格 --
新建房产 --
建造年份 2025
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此房屋详细介绍
We are proud to present a rare opportunity for a developer to acquire an 85-unit, seven-story development project situated in the vibrant Westlake district, just minutes away from Downtown Los Angeles. This remarkable offering encompasses three assembled lots, totaling 19,921 square feet of prime land. The proposed development spans an impressive 64,759 square feet and comprises seventy-nine (79) one-bedroom, one-bath units, as well as six (6) two-bedroom, two-bath units. Notably, the project incorporates forty-three (43) conveniently located parking spaces within the first two stories of the building, eliminating the need for subterranean parking. Seventy-three (73) of the proposed units will be MARKET rate while there are eight (8) very low income and four (4) extremely low income affordable units. It's worth mentioning that the sellers have dedicated over 3 years to navigate the city approval process, and the plans are now at the advanced stage of being approximately 90% Ready to Issue (RTI) status. Furthermore, the seller has initiated an Ellis Act for the ten remaining tenants in the existing buildings, with a scheduled move-out date set for July 2024.The Westlake neighborhood, nestled in Central Los Angeles, offers a unique blend of residential and commercial living. Bordered by Silver Lake to the north, Echo Park to the northeast, Downtown to the southeast, and Pico-Union to the southwest, with Koreatown to the west, Westlake has a rich history. While it primarily developed in the 1920s, the area has seen a transformation, with many of its historic mansions now converted into apartments. Additionally, new multifamily buildings have been erected in response to the high demand for housing in this dynamic and ever-evolving part of the city.
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Cissy Tang
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联系开发/经纪人
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Cissy Tang
(+1)626 9868**** icon
请输入您的国籍
+87
不能为空
电子邮件地址无效 电子邮件地址未验证!
Cissy Tang
(+1)626 9868**** icon
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500 S Union Avenue
USD 5,900,000 91 Beds
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