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    526 S Union Ave

    Los Angeles, CA 90017
    • $4,800,000
    • STATUS: Active
    • ON SITE: 15 days
    • ID#: 21-688350
    UPDATED: 29 min ago
    $4,800,000
    • 0
      BEDS
    • 0.14
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 12,960
      SQFT
    • $370
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1922
    County:

    School Ratings & Info

    Description

    The Union Apartments are a New York style building in Downtown LA, strategically located and surrounded by a rising skyline with a transit score of 83 and walking score of 97. The building is surrounded by popular restaurants and shops like Langer's Deli, Starbucks, 24 Hour Fitness, Rite Aid and HomeDepot. The property is separately metered for electricity, has laundry in premise and secured entry with a newly installed security camera system. Over the past few years, 17 units have been turned and renovated to attract market rents. A savvy investor can achieve similar success by turning the 13 remaining units and recapturing over 20% in upside.

    Monthly Payment Calculator



    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-02-27T09:42:29.973. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
    www.brandiprattrealestate.com/homes/114170235
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    526 S Union Ave Los Angeles, CA 90017

    • Price: $4,800,000
    • Status: Active
    • Updated: 29 min ago
    • ID#: 21-688350
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.14
    Acres
    12,960
    SQFT
    $370
    $/SQFT
    1922
    Built
    Neighborhood:
    Downtown L.A.
    County:
    Los Angeles
    Area:
    Downtown L.A.
    Property Description
    The Union Apartments are a New York style building in Downtown LA, strategically located and surrounded by a rising skyline with a transit score of 83 and walking score of 97. The building is surrounded by popular restaurants and shops like Langer's Deli, Starbucks, 24 Hour Fitness, Rite Aid and HomeDepot. The property is separately metered for electricity, has laundry in premise and secured entry with a newly installed security camera system. Over the past few years, 17 units have been turned and renovated to attract market rents. A savvy investor can achieve similar success by turning the 13 remaining units and recapturing over 20% in upside.
    Exterior Features

    Cross Streets 6th Street And Alvarado Exterior Construction StuccoWood Siding Levels Three Or More Lot Description Back YardStreet PavedStreet LightingSingle LotSidewalksResident Manager Lot Location CityNear Public Transit Lot Size Area 6230 Other Structures None Parking Garage None Paved YN Yes Roof Flat Style Low Rise Total Parking 0 View Description City LightsCityHillsMountainsPanoramic View YN Yes

    Interior Features

    Baths Total 30.00 Cooking Appliances OvenConvection OvenCooktop - Gas Cooling Ceiling FanWall/Window Equipment DryerDishwasherCeiling FanCableWasherSolar PanelsRefrigeratorRange/Oven Flooring Wood Heating Central Interior Features 2 StaircasesBasementCommon Walls Kitchen Features RemodeledCounter Top Laundry Laundry Area Laundry Equipment Lease Water Heater Features Water Heater UnitSolar

    Property Features

    Assessed Total Value 3100000 Gross Income 376900 Gross Operating Income 365600 Like Units1 30 Net Operating Income 211000.00 Number Of Buildings 1 Number Of Units 30 Owner Pays GasWater Property Condition FixerRepair Cosmetic Rent Control YN Yes Sale Type Standard Security Features Card/Code AccessSmoke DetectorResident ManagerExterior Security Lights Sewer In Street Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Tenant Pays Electricity Total Annual Expense 154839 TVServices Cable Tv Type Of Units Singles Water Public Water Heaters YN Yes Year Built Source Vendor Enhanced Zoning Lar4

    Listing provided courtesy of Guillermo Ma DRE#01350503 of Exp Realty Of California Inc.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-02-27T09:42:29.973. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
     
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    eXp Realty of California, Inc.
    2603 Camino Ramon, Suite 200
    San Ramon CA, 94583