250 S Union Ave - Apartments FOR SALE


Los Angeles, CA 90026
$3,600,000 USD
818-381-6601
250 S Union Ave, Los Angeles, CA for Sale
$3,600,000 USD
Apartments - FOR SALE
1/58
null | 6.39% Cap Rate

250 S Union Ave
Los Angeles, CA 90026


HIGHLIGHTS

  • Potential ADU Opportunity
  • On-Site Parking & Laundry
  • Nearby Shopping/Transit Access
  • Individually Metered For Gas and Electric
  • New Roof in 2023
  • Great Los Angeles Location

OVERVIEW

Listed By The APLA GROUP: Welcome to 250 & 260 S. Union Ave, a remarkable investment opportunity nestled in the heart of vibrant Los Angeles. These well-maintained multifamily properties offer an impressive unit mix, featuring 2 single units, 14 two-bedroom, one-bath units, and 4 one-bedroom, one-bath units, providing flexibility and broad tenant appeal. With thoughtfully upgraded infrastructure and exciting potential for additional income streams, these properties are poised for long-term growth and profitability. Maximize your returns with the potential for Accessory Dwelling Units (ADU), offering added rental opportunities. Residents will appreciate the convenience of on-site parking with storage, and dedicated laundry facilities, enhancing daily living comfort. Individual gas and electric meters further streamline utility management, ensuring operational efficiency and reduced expenses for owners. Recent enhancements reflect a commitment to modern standards, including a brand-new roofs completed in 2023 and a fully compliant soft-story retrofits, delivering both peace of mind and long-lasting value. These  properties exceptional location places tenants within moments of major transit corridors, including CA-101 and 110 freeways, and within walking distance to the Westlake/MacArthur Park Transit Station. Echo Park and an array of shopping and dining destinations are just minutes away, ensuring a dynamic urban lifestyle. Position your portfolio for success with these ideally located, fully upgraded properties that combine the best of modern amenities, income potential, and Los Angeles’ thriving real estate market. Seize this rare investment gem today!

FOR SALE DETAILS

PRICE

$3,600,000 USD

PRICE/SF

$224 USD /SF

# OF UNITS

20

PRICE/UNIT

$180,000

CAP RATE

6.39%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

250 & 260 S Union Ave | 2 Buildings| 20 Units

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1964

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.32 AC

LAND SF

14,026 SF

ZONING

LAR3

APN/PARCEL ID

5153-010-008,5153-010-010

ASK ABOUT THIS PROPERTY

James AntonucciAPLA GROUPMore Info
818-381-6601

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James AntonucciAPLA GROUPMore Info
818-381-6601

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