125 Union PL Pending Save Request In-Person Tour Request Virtual Tour
Los Angeles,CA 90026
Key Details
Property Type Multi-Family
Listing Status Pending
Purchase Type For Sale
Square Footage 5,489 sqft
Price per Sqft $337
MLS Listing ID 24392807
Bedrooms 15
HOA Y/N No
Year Built 1953
Lot Size 7,435 Sqft
Acres 0.1707
Property Description
*** 2nd $100,000 price reduction *** 125 Union Place is a 9-unit value-add property located one mile south of Echo Park Lake. Located just south of Beverly Blvd, this property is near Echo Park, Silver Lake, Koreatown, the 101 Fwy, and the 110 Fwy. Built in 1953, 125 Union consists of (6) 2-bdrm. units and (3) 1-bdrm. units. One of the 2-bdrm. units is an ADU that was built in 2022, and features wood-laminate flooring, stainless-steel appliances, and quartz countertops. 125 Union is being offered at a 6.71% CAP and 9.30 GRM on current rents, $205,556 per unit, and $337 per foot. The property presents approx. 34% rental upside with (4) VACANT 2-bdrm. units. At projected market rents, it will stabilize at a 10.27% CAP and 6.93 GRM. The property amenities include a laundry room. 125 Union is a part of a 5-property South LA portfolio, for more information please contact LA1.
Location
State CA
County Los Angeles
Area C42 - Downtown L.A.
Zoning LAR3
Rooms
Ensuite Laundry Common Area
Interior
Laundry Location Common Area
Fireplace No
Laundry Common Area
Exterior
Garage Side By Side,Uncovered
Community Features Gated
View Y/N No
View None
Parking Type Side By Side,Uncovered
Building
Story 2
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 5153012009
Security Features Gated Community
Special Listing Condition Standard