This double lot, situated just south of the 101 freeway in a great Echo Park pocket, is prime for redevelopment. With a total lot size of 28,700 square feet (on an alley) and RD1.5-1 zoning, the site lends itself perfectly for a Small Lot Subdivision or apartment building project. Build approximately 20 units by right without any density bonus (one lot is TOC Tier 1 and one lot is TOC Tier 2). Currently, the owners are in the process of entitling an 18 unit Small Lot Subdivision project but a new owner may conceptualize something different or continue on with the current project. The double-lot dimensions are 205 x 140 feet, not including the alley, with a large frontage and potential for great views in any development. Central to everything, you are just a short ride to DTLA, Silver Lake, Echo Park lake, trendy restaurants and nightlife. This is an excellent opportunity to build in a strong sale and rental market. Sale includes both lots: 241 and 245 N. Union Street.
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