125 Union Place, Los Angeles, CA 90026

  • $2,050,000
  • $373
125 Union Place, Los Angeles, CA 90026
  • Residential Income
  • Property Type
  • 15
  • Bedrooms
  • 9
  • Bathrooms
  • 5489.00
  • 1953
  • Year Built
For Sale
125 Union Place, Los Angeles, CA 90026
  • $2,050,000
  • $373

Overview

Property ID: SGR-32706343
  • Residential Income
  • Property Type
  • 15
  • Bedrooms
  • 9
  • Bathrooms
  • 5489.00
  • 1953
  • Year Built

Description

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 5.94% CAP and 10.30 GRM on current rents, $227,778 per unit, and $373 per foot. The property presents approx. 41% rental upside with (4) VACANT 2-bdrm. units. At projected market rents, it will stabilize at a 9.53% CAP and 7.47 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.

  • Address 125 Union Place
  • City Los Angeles
  • State/county CA
  • Zip/Postal Code 90026
  • Area C42 - Downtown L.A.
  • Country United States

Details

Updated on June 5, 2024 at 1:21 pm
  • Property ID: SGR-32706343
  • Price: $2,050,000
  • Property Size: 5489.00 m²
  • Land Area: 7434.00 m²
  • Bedrooms: 15
  • Bathrooms: 9
  • Year Built: 1953
  • Property Type: Residential Income
  • Property Status: For Sale
  • Living Area: 5489.00
  • MLS#: 24392807
  • Office Name: COMPASS
  • Agent Name: Max Berger
  • MLS Status: Active
  • Living Area Prefix: Sqft
  • Agent State License: 02054048

Additional details

  • View: None
  • County: Los Angeles
  • Parking: 0.00

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