Executive Summary

The Neema Group of Marcus & Millichap is pleased to present 520 Union Dr, a lot in the Westlake neighborhood of Los Angeles located just north of 6^th 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 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 6^th St

Walking distance to retailers such as The Home Depot, Rite Aid, and McDonald’s, among others along 6^th 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