5137 Union Pacific Ave - Apartments FOR SALE


East Los Angeles, CA 90022
$1,300,000 USD
818-212-2738
5137 Union Pacific Ave, East Los Angeles, CA for Sale
$1,300,000 USD
Apartments - FOR SALE
1/6
null | 6.7% Cap Rate

5137 Union Pacific Ave
East Los Angeles, CA 90022


HIGHLIGHTS

  • 6-Unit Value Add Opportunity in East Los Angeles: Excellent 6-unit value add opportunity in East LA with current rents approximately 32% under market
  • Excellent Metrics: Low price per foot ($211.24/ft) / 6.7% cap rate and 10.06 GRM on current rents
  • Favorable Unit Mix: Excellent unit mix consisting of (4) two-bedroom/one-bathroom units and (2) three-bedroom/one and one-half bathroom units
  • Unincorporated LA County Location: Property is subject to LA County rent control law (not LA City) as it is located in an unincorporated section of LA
  • Walk Score 86: Property has Walk Score of 86 (very walkable) as it is just a few blocks from restaurants, cafes and coffee shops
  • Proximity to 5, 710 and 60 Freeways: Conveniently located near the 5, 60 and 710 freeways providing easy access to Downtown LA, the San Gabriel Valley

OVERVIEW

Marcus & Millichap is pleased to present 5137 Union Pacific Avenue, a six-unit value add apartment building located in East Los Angeles. This property offers an investor the opportunity to renovate common areas and unit interiors in order to increase current rents, which are approximately 32% under market rate. The building features an excellent unit mix consisting of (4) two-bedroom/one-bathroom units and (2) three-bedroom/one and one-half bathroom units. The property has (3) separate two-car garages that are accessible through a rear alley. The 6,154 square feet building sits on a 6,371 square foot lot that is LCR4YY zoned. The property is subject to LA County rent control law (not LA City) as it is located in an unincorporated section of Los Angeles County. Located approximately 6-miles southeast of Downtown Los Angeles, 5137 Union Pacific Avenue has a Walk Score of 86 (very walkable) as it is just a few blocks from restaurants, cafes and coffee shops along bustling Whittier Boulevard as well as retail in the nearby Commerce Center Shopping Mall and Citadel Outlet Shopping Mall. This East Los Angeles neighborhood borders both Montebello and the City of Commerce. The property is conveniently located near the 5, 60 and 710 freeways providing easy access to Downtown LA, the San Gabriel Valley and Orange County. The property is also just 1.4 miles from the Metro E Line (Atlantic Station) that provides convenient westbound access to DTLA, USC, Culver City, West LA and Santa Monica.

FOR SALE DETAILS

PRICE

$1,300,000 USD

PRICE/SF

$211 USD /SF

# OF UNITS

6

PRICE/UNIT

$216,667

CAP RATE

6.7%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1947

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,280 SF

ZONING

LCR4YY

APN/PARCEL ID

5245-013-017

ASK ABOUT THIS PROPERTY

Matt ZieglerMarcus & MillichapMore Info
818-212-2738

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Matt ZieglerMarcus & MillichapMore Info
818-212-2738

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