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Map
$6,000,000
●
Multifamily -
For Sale
264 S Union Avenue
Los Angeles, CA 90026
3 Beds
2 Baths
11800 Sqft
$29,462
Estimated Monthly
$0
HOA / Fees
About This Property
264 S. Union presents a prime investment opportunity in the vibrant
heart of Los Angeles. This newly constructed 12-unit apartment
building, completed in 2024, offers a compelling prospect for savvy
investors seeking a stake in the thriving Los Angeles real estate
market. This contemporary gem features a mix of 8 spacious
two-bedroom, one-bathroom residences and 4 cozy one-bedroom,
one-bathroom units, all meticulously crafted with high-end
materials, modern kitchens, and luxurious baths. Each unit is
equipped with its own washer and dryer and a split air conditioning
system, catering to the discerning tastes of today's urban
professionals. The property's underground parking with 12 parking
spots accessible from the alley, adds a sought-after element of
convenience, while the rooftop offers stunning panoramic views of
downtown Los Angeles, including captivating skylights at night. Its
strategic location, just a five-minute drive from Disney
Hall, the Los Angeles Courthouse, and the Financial District,
underscores its investment appeal. In an area characterized by a
shortage of modern and new units, 264 S. Union stands out as a rare
opportunity to own a piece of urban luxury. Furthermore, its
proximity to transportation hubs, including downtown Echo Park and
Silverlake, reinforces its potential for strong returns and
sustained demand. The seller is willing to carry a note for
qualified buyers, further enhancing the accessibility of this
compelling investment opportunity. This investment property is
designed to be easy to rent and manage, offering investors a
promising income stream at 5% cap proforma.
The manager has listed the unit size as 11800 square feet.
The manager has listed the unit size as 11800 square feet.
Unit Size
11,800Ft²
Days on Market
83 days
Land Size
0.16 acres
Price per sqft
$508
Property Type
Multifamily
Property Taxes
-
HOA Dues
-
Year Built
-
Listed By
Last updated: 3 months ago (MRMLSCA #SR24025427)
Price History
Date / Event | Date | Event | Price |
---|---|---|---|
Feb 5, 2024 | Listed by Keller Williams Realty Studio City | $6,000,000 | |
Listed by Keller Williams Realty Studio City |
Property Highlights
Building Details
New Construction
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
Past Sales
Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
---|
Building Info
264 South Union Avenue
264 South Union Avenue, Los Angeles, CA 90026
- 1 Unit for Sale