Investment Overview

Marcus & Millichap is pleased to present 520 Union Dr, a lot in the Westlake neighborhood of Los Angeles located just north of 6th St and a half-mile from Good Samaritan Hospital ••• The property consists of an 8,108 SF lot zoned R4-1 in a Tier 3 TOC ••• The lot is currently being used as parking, leased to tenants of the adjacent building at 514 and 526 Union Dr, and generates $2,500 per month in income; tenants parking is included on addendums separate to their apartment lease ••• At the asking price, the property is being offered at a low $111 PSF ••• High Walk Score of 93, the property is less than a mile to the Metro A-E Rail Lines, and Metro Local Lines along 6th St ••• Walking distance to retailers such as The Home Depot, Rite Aid, and McDonald’s, among others along 6th St ••• This neighborhood of Westlake is ideally located with a short commute to Downtown Los Angeles, Hollywood, and Koreatown. Proximity to MacArthur Park, Echo Park, Doger Stadium, and The Broad Museum