$1,850,000
125 Union Place Los Angeles, CA 90026
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$1,850,000
Est. payment /mo
5,489 SqFt
Pending
125 Union Place Los Angeles, CA 90026
UPDATED:
08/21/2024 10:30 PM
Key Details
Property Type Commercial
Sub Type Other
Listing Status Pending
Purchase Type For Sale
Square Footage 5,489 sqft
Price per Sqft $337
MLS Listing ID CL24392807
HOA Y/N No
Year Built 1953
Lot Size 7,434 Sqft
Acres 0.17
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 Listing
Zoning LAR3
Interior
Fireplace No
Laundry Community Facility
Exterior
View Y/N false
View None
Parking Type Other, Side By Side, Uncovered Parking Space
Building
New Construction No
Others
Tax ID 5153012009
© 2024 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
Listed by Max Berger • Compass
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