125 Union Place, Los Angeles, CA 90026
-
Listed Price :
$1,850,000
-
Beds :
15
-
Baths :
9
-
Property Size :
5,489 sqft
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Year Built :
1953
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.
Interior Features
| Laundry Information |
| Location(s) |
Common Area |
| Bedroom Information |
| Bedrooms |
15 |
| Bathroom Information |
| Bathrooms |
9 |
Listing Information
| Address |
125 Union Place |
| City |
Los Angeles |
| State |
CA |
| Zip |
90026 |
| County |
Los Angeles |
| Listing Agent |
Max Berger DRE #02054048 |
| Courtesy Of |
Compass |
| List Price |
$1,850,000 |
| Status |
Pending |
| Type |
Residential Income |
| Structure Size |
5,489 |
| Lot Size |
7,434 |
| Year Built |
1953 |
Listing information courtesy of: Max Berger, Compass. *Based on information from the Association of REALTORS/Multiple Listing as of Aug 21st, 2024 at 9:53 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
