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Union Apartments Union Apartments Union Apartments Union Apartments Union Apartments Union Apartments Union Apartments Union Apartments Union Apartments Union Apartments

Property Overview

Price/Rent PSF $ 4,700,000.00
Asset Type Multifamily
Trade Type Sale
SQ. FT. Available Inquire
Date Available 04/16/2021
Additional URL Link
Floors 3
Building size 12960
Additional parameters Show
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Description

Location
Union Apartments is located in Downtown Los Angeles, strategically located and surrounded by a rising skyline, restaurants and shops including walking distance to Starbucks, 24 Hour Fitness, Rite Aid, Langer’s Deli and Home Depot with a walking score of 97 and 83 transit score.

Sale
The G.MA Group of eXp Commercial, as exclusive advisor, is offering for sale Union Apartments, a 30-unit multifamily New York style building located 526 S Union Avenue in Downtown Los Angeles. The property is strategically located and surrounded by a rising skyline, restaurants and shops with a walking score of 97 and 83 transit score.



In a strategic plan, 17 units have been turned and renovated to attract market rents. There is, however, plenty of upside for an investor to achieve similar success in a value-add play by turning the remaining 13 non-renovated units and recovering close to 25% in lost income, all while cash flowing in the process.

Location

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