Union Apartments 854132
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Listing was updated on: 11/06/2022
Price: 4500000.00
location icon 526 S Union Ave, Los Angeles, CA 90017, USA
Multifamily for Sale
from November 05, 2022
Description

LocationUnion 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.SaleThe 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.

Additional parameters
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The information above is from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about it. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice.