306 Union Pl Los Angeles, CA 90017

$1,830,000 Sold Price as of 02/24/2020

-- Beds
-- Baths
3,211 Sq.Ft.

Off Market

$1,830,000 Sold Price as of 02/24/2020 Refinance Your Mortgage

Map preview of 306 Union Pl, Los Angeles, CA 90017

Property Overview: 306 Union Pl Los Angeles, CA has -- bedrooms, -- bathrooms, 3,211 living square feet and 9,479 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Home Value Compared to the Market

306 Union Pl is currently an off market home in the city of Los Angeles. If you are considering making a home purchase, the value you pay for your home will depend on the market you're looking to purchase in. The city of Los Angeles has a median list price of $1,200,000. The median price per/sqft for Los Angeles is $772. With those numbers in mind, if you are looking to purchase a median priced home in Los Angeles, CA and put 20% down you will need to save up $240,000 for the down payment and will need roughly $24,000 for closing costs on top of the down payment. Homeowners who are looking to sell their home could expect to pay an average of 5% (2.5% to the listing agent and 2.5% to the buyers agent) in agent commissions when it comes to selling their home. With the median sale price for a home in Los Angeles the commission could be as much as $63,700. If you're thinking of selling and want to save, contact a local Ardent Real Estate Agent today.

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Sale History for 306 Union Pl

Last sold for $1,830,000 on February 26th, 2020

July, 2023
Jul 1, 2023

Date

Expired

CRMLS: TR22258688

$3,080,000

Price
Dec 22, 2022

Date

Active

CRMLS: TR22258688

$3,080,000

Price
Listing provided courtesy of CRMLS

A rare 30-unit RTI development opportunity location at 306 Union Ave, in Los Angeles, California. The Site consists of 9,449.7 square feet, and it is zoned C2-1. The property is 5-story type III R-2 occupancy over a 2-level basement garage. It is ready-to-issue permits (RTI) for 30 apartment units with 3 units of extremely low income(25 units of 1-bedroom / 1-bathroom, and 5 units of 2-bedrooms / 2-bathroom). The site is ideally located in a popular and dense rental market. The Offering is in excellent location sitting between Koreatown to the West, Chinatown to the East, Silver Lake to the North, and Downtown Los Angeles to the South. The Site is central in a location with ease of transit as it is blocked from the 101 Freeway which gives ease of access to both the 5 and 10 Freeways. Future residents enjoy the booming nightlife, dining and shopping of all Downtown has to offer.

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February, 2020
Feb 26, 2020

Date

Sold

CRMLS: 19517300

$1,830,000

Price
Nov 21, 2019

Date

Pending

CRMLS: 19517300

$1,985,000

Price
Oct 23, 2019

Date

Active Under Contract

CRMLS: 19517300

$1,985,000

Price
Oct 3, 2019

Date

Active

CRMLS: 19517300

$1,985,000

Price
Listing provided courtesy of CRMLS

NO AFFORDABLE OR RENT CONTROL COMPONENT! NO LINKAGE FEE. Property delivered fully RTI with all stamped approved plans, ready for Buyer to pay for and pull building permits and start construction (November 2019) for 19 apartment units, Entitled BY RIGHT. The lot currently is vacant and there are no Tenants to relocate! Beautiful class A project for the higher end renters. 37 Parking spaces on 2 levels (semi sub). ***NOTE*** Potential to re-entitle the property for approx 40units per TOC TIER 3 using existing survey, soil report, phase I&II, and submission case# with city of LA. 0.5 Miles from DTLA, McArthur Park, and Metro. All units with balconies and in unit washer/dryers. Unit Mix: 11 units 1bed, 1 bath and 8 units 2bed, 2bath. Excellent presentation for a first class residential building. Clear views of DTLA from top floors.

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February, 2020
Feb 24, 2020

Date

Sold (Public Records)

Public Records

$1,830,000

Price
June, 2017
Jun 23, 2017

Date

Sold (Public Records)

Public Records

$1,050,000

Price

Tax History for 306 Union Pl

Assessed Value (2020): $1,114,268

Year	Land Value	Improved Value	Assessed Value
2020	$1,093,044	$21,224	$1,114,268

About 306 Union Pl

Detailed summary of property

306 Union Pl is categorized with a use code of Office Bldg (General) in Los Angeles, CA 90017 and last sold on February 24, 2020 for $1,830,000. This property has -- bedrooms, -- bathrooms, roughly 3,211 living square feet, and sits on an approximately 9,479 square foot lot. Homes in Los Angeles are selling for a median price of $1,274,000 and a median price per square foot of $791. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 43.64% higher than the current median priced home. 306 Union Pl was last sold on February 24, 2020 for $1,830,000. Local nearby listings include 1100 Wilshire Blvd #2707, 1100 Wilshire Blvd #2203 and 1100 Wilshire Blvd #2401. The average home in Los Angeles, CA is selling in 100 days. There are currently 3938 homes for sale in the Los Angeles real estate market and 2648 of them are single family homes while 1176 of them are condos and 106 are townhomes. If you are the homeowner and looking to sell the home at 306 Union Pl Los Angeles, CA 90017 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 306 Union Pl

Public county record property details

Beds: --
Baths: --
Year built: 1948
Sq. Ft.: 3,211
Lot Size: 9,479
Stories: 1

Type: Office Bldg (General)
Pool: No
Spa: No
County: Los Angeles
Lot#: 15
APN: 5153-007-010

The source for these homes facts are from public records.

90017 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends

Median List Price

$639,999

Median List Price/Sq.Ft.

$745

Median Sold Price

$690,000

Median Sold Price/Sq.Ft.

$602

Total Inventory

Median Sale to List Price %

89.03%

Avg Days on Market

Loan Type

Conventional (28.57%), FHA (0%), VA (0%), Cash (14.29%), Other (14.29%)

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