Views - Fixer Upper
Address
526 S Union Avenue Los Angeles, CA
Price
$ 4,700,000
Property Attributes
  • MLS#21688350
  • TypeIncome
  • CountyLOS ANGELES
  • CityLos Angeles
  • AreaDowntown L.A.
  • Zip90017
  • Style
  • Price$ 4,700,000
  • Bedrooms30
  • Full Bathrooms30
  • Half Bathrooms0
  • Lot Size6,098 SqFt
Listing Provided Courtesy Of:
Guillermo Ma with eXp Realty of California Inc
Data Source:
CLAW
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.

Price History
2/11/2021 Listed $4,800,000
3/5/2021 3% - $4,700,000

General Features

Appliances Convection Oven, Dishwasher, Gas Cooktop, Oven, Refrigerator
Construction Materials Stucco, Wood Siding
Cooling Wall/Window Unit(s)
Flooring Wood
Heating Central
Interior Features Multiple Staircases
Levels Three Or More
MLS Area C42 - Downtown L.A.
Parking Features None
Property Type Residential Income
PropertyCondition Fixer, Repairs Cosmetic
Security Features Key Card Entry, Resident Manager, Smoke Detector(s)
Sewer Other
Total Units 30
View City Lights, Hills, Mountain(s), Panoramic
Virtual Tour https://www.themls.com/properties/vt/CA/Los-Angeles/526-S-Union-Ave/Residential-Income/21-688350
Zoning LAR4

Interior Features

Air Conditioning Y/N Yes
Heating Y/N Yes

Exterior Features

Lot Features Back Yard
Lot Size Acres 0.14
Lot Size Area 6230
Lot Size Square Feet 6230
Lot Size Units Square Feet
Number of Buildings 1
View Y/N Yes

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 90017

Price
AVG $2.34M
$4.7M
Visits
AVG 124
13
Year Built
AVG 1924
1922
Walkscore
AVG 91
93
Data Provided by Walkscore ® not using MLS data

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