1030 S Union Ave - Apartments FOR SALE


Los Angeles, CA 90015- Pico-Union
$3,495,000 USD
424-600-7633
1030 S Union Ave, Los Angeles, CA for Sale
$3,495,000 USD
Apartments - FOR SALE
1/26
null | Request Cap Rate

1030 S Union Ave
Los Angeles, CA 90015
Pico-Union


HIGHLIGHTS

  • 40 Unit Development Opportunity!
  • RTI to Convert Existing 11 Units to 22 Units
  • Conceptual Drawings to Add 18 Units in the Rear
  • ED1 Eligible
  • 3 Side-by-Side Vacant Buildings - Existing 11,874 SF of Structures - 18,738 SF of Land
  • R4-1-HPOZ Tier 3

OVERVIEW

Partners CRE is proud to exclusively present for sale a development opportunity for 40 units. Currently, there are 3 side-by-side vacant buildings on site with 11 units. Sellers have approved RTI plans to subdivide the 3 buildings into 22 units & conceptual drawings to add an additional 18 units in the rear. Start remodeling the front structures while entitling the development in the back! Have income from the front during construction of the new 18 units in the back! The property is ED1 eligible and zoned R4-1-HPOZ Tier 3. Walk Score calls this area a Walker’s Paradise with Excellent Transit! Just a hop and a skip to Downtown LA, the Subway Metro Station, Crypto.com Arena, the 110 and 10 freeways and countless hospitality options. The property is adjacent to an Elementary School and close to parks. Lots of jobs in the area and a high demand for housing. Existing 11,874 SF of Structures - 18,738 SF of Land Listing includes 3 addresses and 3 APNs: 1030 S. Union Ave. - 5137-015-012, 1036 S. Union Ave. - 5137-015-014, 1040 S. Union Ave. - 5137-015-016.

FOR SALE DETAILS

PRICE

$3,495,000 USD

PRICE/SF

$784 USD /SF

# OF UNITS

22

PRICE/UNIT

$158,864

CAP RATE

Request Cap Rate

% LEASED

0%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

RTI Convert to 22 Units + Concpt for 18 Units

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1904

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.43 AC

LAND SF

18,731 SF

ZONING

R4-1-HPOZ Tier 3

APN/PARCEL ID

5137-015-012,5137-015-014,5137-015-016

ASK ABOUT THIS PROPERTY

Dario SvidlerPartners CRE - KWBHMore Info
424-600-7633

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Dario SvidlerPartners CRE - KWBHMore Info
424-600-7633

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.