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514 Union Drive
USD 4,500,000
房产编号: 25517347
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514 Union Drive ,90017
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icon 8406 SqFt
icon Built in 1926
icon USD 535/SqFt
icon 8 Beds
icon 47 Full
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位置
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室内细节
卧室
8
浴室
47
室内面积
25720
建筑细节
物业类型 --
房屋状况 --
建筑风格 --
新建房产 --
建造年份 1926
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此房屋详细介绍
We are pleased to present 514 Union Dr, a 47-unit multifamily investment opportunity located in the desirable Westlake neighborhood of Los Angeles. Situated just north of 6th Street and only half a mile from Good Samaritan Hospital, the property boasts a central location that offers easy access to the region's most sought-after amenities. The building features a well-balanced unit mix of 39 singles and 8 one-bedroom apartments, offering strong rental demand in a neighborhood known for its accessibility and proximity to major employers and transit options. At the asking price, 514 Union Dr presents an attractive investment at a 7.40% CAP rate and a 7.06 GRM, based on current income, with substantial upside potential. A 27% rental increase is achievable as units turn through interior renovations, creating an opportunity for increased revenue. In addition to the immediate upside potential, there may also be further value-add opportunities, such as the possible addition of an Accessory Dwelling Unit (ADU), subject to buyer verification and applicable zoning laws. The property is separately metered for electricity and includes an onsite laundry room with four washers and dryers leased through Wash, enhancing convenience for tenants and generating additional revenue streams. With a Walk Score of 93, the property benefits from its prime location within walking distance to key transit lines, including the Metro A-E Rail Lines and Metro Local Lines along 6th Street. The surrounding Westlake neighborhood provides a vibrant urban environment, offering quick commutes to Downtown Los Angeles, Hollywood, and Koreatown. Additionally, tenants will enjoy easy access to recreational destinations such as MacArthur Park, Echo Park, Dodger Stadium, and cultural landmarks like The Broad Museum. This location is ideal for tenants seeking a centrally located, well-connected living experience, and presents investors with a rare opportunity in one of Los Angeles' most dynamic neighborhoods.
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Cissy Tang
电话: (+1)626 9868**** icon
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联系开发/经纪人
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Cissy Tang
(+1)626 9868**** icon
请输入您的国籍
+87
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Cissy Tang
(+1)626 9868**** icon
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514 Union Drive
USD 4,500,000 8 Beds
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