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526 S Union Ave
Los Angeles CA 90017 US

$4,700,000

Active Listing ID 21-688350
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Built in 1922
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Lot: 0.14 acre
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Other

$4,700,000

Active Listing ID 21-688350
Save

526 S Union Ave 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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Property Features

  • Facts
  • Built in: 1922
  • Lot Size: 0.14 acre
  • Property Type: MultiFamily
  • Property Sub-type: Other
  • Features
  • Cooling System: Ceiling Fan(s), Window Unit(s) A/C
  • Exterior Finish: Stucco, Wood Siding
  • Floor Covering: Wood
  • Roof Type: Unknown
  • View Type: City, Hills, Mountain
Listing Changed: 3/11/2021 3:13:58 AM GMT
Source Updated Date: 4/9/2021 5:47:04 PM GMT

Courtesy of: Guillermo Ma, eXp Realty of California Inc

Listing Source - ListHub

Copyright © 2021 Combined LA Westside Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.