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    526 S Union Avenue

    Los Angeles (City), CA 90017
    • $4,700,000
    • STATUS: Active
    • ON SITE: 89 days
    • ID#: 21688350
    UPDATED: 80 min ago
    $4,700,000
    • 0
      BEDS
    • 0.14
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 12,960
      SQFT
    • $363
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1922
    County:

    School Ratings & Info

    Description

    The G.MA Group of eXp Commercial, as exclusive advisor, is offering for sale Union Apartments, a 30-unit multifamily New York style building located 526 S Union Avenue in Downtown Los Angeles. The property is strategically located and surrounded by a rising skyline, restaurants and shops with a walking score of 97 and 83 transit score. In a strategic plan, 17 units have been turned and renovated to attract market rents. There is, however, plenty of upside for an investor to achieve similar success in a value-add play by turning the remaining 13 non-renovated units and recovering close to 25% in lost income, all while cash flowing in the process.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-05-12T00:36:16.78. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The DeBonis Team | Keller Williams Realty. Licensed in the State of California, USA.
    www.debonishomes.com/homes/114178547
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    526 S Union Avenue Los Angeles (City), CA 90017

    • Price: $4,700,000
    • Status: Active
    • Updated: 80 min ago
    • ID#: 21688350
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.14
    Acres
    12,960
    SQFT
    $363
    $/SQFT
    1922
    Built
    Neighborhood:
    C42 - Downtown L.A.
    County:
    Los Angeles
    Area:
    C42 - Downtown L.A.
    Property Description
    The G.MA Group of eXp Commercial, as exclusive advisor, is offering for sale Union Apartments, a 30-unit multifamily New York style building located 526 S Union Avenue in Downtown Los Angeles. The property is strategically located and surrounded by a rising skyline, restaurants and shops with a walking score of 97 and 83 transit score. In a strategic plan, 17 units have been turned and renovated to attract market rents. There is, however, plenty of upside for an investor to achieve similar success in a value-add play by turning the remaining 13 non-renovated units and recovering close to 25% in lost income, all while cash flowing in the process.
    Exterior Features

    Construction Materials StuccoWood Siding Lot Features Back Yard Parking Features None View City LightsHillsMountain(S)Panoramic View YN Yes

    Interior Features

    Appliances Convection OvenDishwasherGas CooktopOvenRefrigerator Cooling Wall/Window Unit(S) Cooling YN Yes Flooring Wood Heating Central Heating YN Yes Interior Features Multiple Staircases

    Property Features

    Additional Parcels YN No Buyer Financing CashConventional Gross Income 372440 Levels Three Or More Listing Agreement Seller Reserved Listing Service Full Service Net Operating Income 212657 Possession Close Of Escrow Property Condition FixerRepairs Cosmetic Rent Control YN Yes Security Features Key Card EntryResident ManagerSmoke Detector(S) Senior Community YN No Sewer Other Special Listing Conditions Standard Tenant Pays Electricity Vacancy Allowance Rate 0 Zoning Lar4

    Listing provided courtesy of Guillermo Ma of Exp Realty Of California Inc


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-05-12T00:36:16.78. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The DeBonis Team | Keller Williams Realty. Licensed in the State of California, USA.
     
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    The DeBonis Team | Keller Williams Realty
    19040 Van Buren Boulevard #107
    Riverside CA, 92508