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Map
$2,275,157*
●
Multifamily -
Off Market
125 Union Pl
Los Angeles, CA 90026
Studio
0 Bath
$1,890,000 - $2,310,000
Reference Base Price*
8.34%
Since Dec 1, 2022
CA-Los Angeles
Primary Model
About This Property
*** Can be purchased individually or as a part of a 48-unit
portfolio, contact LA1 for more information ** 125 Union Place is a
9-unit value-add property operating at a 5.32% current CAP and
features a vacant two-bdrm. ADU (built-in 2022). Located just south
of Beverly Blvd, which borders Echo Park and Westlake, the subject
property is comprised of (1) three-bdrm. unit, (4) two-bdrm. units,
(3) one-bdrm. units and a vacant 2-bdrm. ADU (built-in 2022) that
generate approx. $14,400+ in gross monthly income. Based on market
rents for renovated units in the area, we believe a future investor
could achieve approx. $18,600+ in gross monthly income and operate
the property at a 7.61% market CAP and 9.40 market GRM. In addition
to the significant value-add opportunity, the property benefits
from its central Westlake location that is minutes from several
neighborhood hubs including Echo Park Lake, Sunset Blvd, Museum Row
and LA Live. The property amenities include gated entry, on-site
parking and a community laundry room.
Unit Size
-
Days on Market
-
Land Size
0.17 acres
Price per sqft
-
Property Type
Multifamily
Property Taxes
-
HOA Dues
-
Year Built
1953
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Nov 16, 2022 | No longer available | - | |
| No longer available | |||
| Oct 4, 2022 | Price Decreased |
$2,100,000
↓ $200K
(8.7%)
|
|
| Price Decreased | |||
| Sep 16, 2022 | Listed | $2,300,000 | |
| Listed | |||
Property Highlights
Parking Available
125 Union Pl
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Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Active
Multifamily
6
Beds
3
Baths
2,636 ft²
$664/ft²
$1,749,000
Jul 26, 2023
-
-
Multifamily
13
Beds
9.5
Baths
5,840 ft²
$291/ft²
$1,700,000
Mar 9, 2023
-
-
Active
House
3
Beds
2
Baths
1,367 ft²
$1,245/ft²
$1,701,540
Jun 5, 2023
-
-
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
|---|
Building Info
About Central LA
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