811 S Union Ave | Los Angeles, CA 90017
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- LoopNet Team
811 S Union Ave
Los Angeles, CA 90017
Multifamily Property For Sale · 32 Units
Investment Highlights
- 30 + 2 non-conforming Units with excellent unit mix blocks from Downtown Los Angeles
- Residents benefit from it’s close proximty to public transit, making all major submarkets of Los Angeles accessible for tenants
- Potential Seller Financing Available. Please inquire with Listing Agents
- Approximately 45% upside in rental upside. An Investor can achieve an 8.12% cap rate based on proforma rent projections
- Value-add opportunity through a streamlined management operation to reduce expense ratio.
- Subject property is in the path of development and growth and benefi ts from a C2 zoning and has a Tier 3 TOC designation.
PROPERTY FACTS
| No. Units | 32 | Lot Size | 0.17 AC |
| Property Type | Multifamily | Building Size | 17,364 SF |
| Property Subtype | Apartment | Average Occupancy | 97% |
| Apartment Style | Low Rise | No. Stories | 3 |
| Building Class | C | Year Built | 1906 |
| No. Units | 32 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 17,364 SF |
| Average Occupancy | 97% |
| No. Stories | 3 |
| Year Built | 1906 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 22 | $1,300 | 460 |
| 1+1 | 8 | $1,550 | 600 |
| 2+1 | 2 | $1,850 | 800 |
PROPERTY TAXES
| Parcel Number | 5142-017-003 | Improvements Assessment | $1,468,800 |
| Land Assessment | $1,795,200 | Total Assessment | $3,264,000 |
PROPERTY TAXES
Parcel Number
5142-017-003
Land Assessment
$1,795,200
Improvements Assessment
$1,468,800
Total Assessment
$3,264,000
zoning
| Zoning Code | LAC2 (Neighborhood Commercial) |
| LAC2 (Neighborhood Commercial) |
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