424 S Union Ave Los Angeles, CA 90017

$--

4 Beds
3 Baths
3,853 Sq.Ft.

Off Market

Map preview of 424 S Union Ave, Los Angeles, CA 90017

Property Overview: 424 S Union Ave Los Angeles, CA has 4 bedrooms, 3 bathrooms, 3,853 living square feet and 7,011 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Home Value Compared to the Market

424 S Union Ave 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 424 S Union Ave

Last sold on February 8th, 2007

December, 2023
Dec 18, 2023

Date

Expired

CRMLS: 23282575

$1,000,000

Price
Jun 20, 2023

Date

Active

CRMLS: 23282575

$1,000,000

Price
Listing provided courtesy of CRMLS

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.

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February, 2007
Feb 8, 2007

Date

Sold (Public Records)

Public Records

--

Price
February, 2007
Feb 8, 2007

Date

Sold (Public Records)

Public Records

--

Price

Tax History for 424 S Union Ave

Assessed Value (2020): $1,054,167

Year	Land Value	Improved Value	Assessed Value
2020	$735,035	$319,132	$1,054,167

About 424 S Union Ave

Detailed summary of property

424 S Union Ave is categorized with a use code of Triplex (3 Units, Any Combination) in Los Angeles, CA 90017 and is currently off market. This property has 4 bedrooms, 3 bathrooms, roughly 3,853 living square feet, and sits on an approximately 7,011 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. Local nearby listings include 1100 Wilshire Blvd #2203, 1100 Wilshire Blvd #2405 and 1100 Wilshire Blvd #2910. 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 424 S Union Ave 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 424 S Union Ave

Public county record property details

Beds: 4
Baths: 3
Year built: 1895
Sq. Ft.: 3,853
Lot Size: 7,011
Stories: --

Type: Triplex (3 Units, Any Combination)
Pool: No
Spa: No
County: Los Angeles
Lot#: 42
APN: 5153-005-018

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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(714) 706-1823

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