Under Contract

Listed by Jason Tuvia from Marcus & Millichap

Source: Combined LA Westside Multiple Listing Service, Inc #23282575

424 South Union Avenue, Los Angeles, CA, 90017

$1,000,000

7007 sq. ft.

Land

30+ days on the market

What's around 424 South Union Avenue

About this property

We are pleased to present a 7,011 SF redevelopment site located at 424 S Union Avenue in Los Angeles, California. The subject property is situated in a good Westlake location just outside of Koreatown, north of Wilshire Boulevard and east of S Alvarado Street. This offering is positioned on one (1) parcel totaling 7,011 SF of land. The property has favorable LAR4-1 zoning which allows for the development of seventeen (17) units by-right and an FAR of 3:1 with no height limitation or story limitation. In addition to this, the property falls under TOC tier 3, providing a significant amount of development incentives. This site is an ideal affordable (ED1) development). With TOC a developer can build up to thirty-one (31) total potential units with an increased FAR of 4.5:1. Development is surrounding the immediate area with several notable projects proposed and under construction nearby. One of these projects is a seven-story edifice with 94-apartments proposed at 1438 Miramar Street. Right across the street at 425 S Union Ave, a 38-unit apartment building is proposed to replace a fourplex. Tenants will love living in a major transportation hub of Los Angeles, adjacent to some of the trendiest retail, restaurant, and entertainment amenities in Koreatown. Situated just outside of Koreatown, this offering presents an excellent opportunity for an astute developer to capitalize on favorable zoning by building up to thirty-one (31) units and an ideal affordable (ED1) housing project.

Looking for more information on 424 South Union Avenue?

Explore comparables, sales history and growth for this property.
Learn more

Similar properties for sale nearby

For Sale
$4,000,000
1306 Linwood Avenue
Los Angeles CA 90017
Land
Listing courtesy of CB Richard Ellis, Inc.
For Sale
$4,495,000
1310 West 6th Street
Los Angeles CA 90017
Land
Listing courtesy of Kidder Mathews of California, Inc.
For Sale
$3,000,000
306 Union Place
Los Angeles CA 90017
Land
Listing courtesy of Millennium Group Realty

Other properties for sale by Marcus & Millichap

For Sale
$5,200,000
6956 Kester Avenue
Los Angeles CA 91405
37
37
23
Other
Listing courtesy of Marcus & Millichap
For Sale
$5,395,000
3607 Pacific Avenue
Los Angeles CA 90292
12
6
7
Other
Listing courtesy of Marcus & Millichap
For Sale
$5,650,000
1476 S Shenandoah St
Los Angeles CA 90035
32
30
24
Other
Listing courtesy of Marcus & Millichap

Browse properties sold in nearby areas

The multiple listings information is provided by The MLS/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are © 2026 The MLS/CLAW. All Rights Reserved. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the "DMCA") provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under MLS GRID IDX Rules Updated September 16, 2024 7 U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked. Notices must be sent in writing by email to: dmca@ratemyagent.com

The DMCA requires that your notice of alleged copyright infringement include the following information: (1) description of the copyrighted work that is the subject of claimed infringement; (2) description of the alleged infringing content and information sufficient to permit us to locate the content; (3) contact information for you, including your address, telephone number and email address; (4) a statement by you that you have a good faith belief that the content in the manner complained of is not authorized by the copyright owner, or its agent, or by the operation of any law; (5) a statement by you, signed under penalty of perjury, that the information in the notification is accurate and that you have the authority to enforce the copyrights that are claimed to be infringed; and (6) a physical or electronic signature of the copyright owner or a person authorized to act on the copyright owner's behalf. Failure to include all of the above information may result in the delay of the processing of your complaint.

Email
© 2026 RateMyAgent