526 Union Dr - Apartments FOR SALE


Los Angeles, CA 90017- Koreatown
$5,095,000 USD
310-621-8221
526 Union Dr, Los Angeles, CA for Sale
$5,095,000 USD
Apartments - FOR SALE
1/16
null | 6.15% Cap Rate

526 Union Dr
Los Angeles, CA 90017
Koreatown


HIGHLIGHTS

  • 7.81 GRM on Current Income With Massive Upside
  • Only $99k Per Unit and $159 Per Square Foot
  • 6.15% Current Cap Rate & 10.27% on Market Rents
  • Stunning City Views from Select Units

OVERVIEW

526 S Union Dr (The Carlton Apartments) is a 51-unit 1920’s built apartment building situated in the Westlake neighborhood of Los Angeles. The subject property is in close proximity to Downtown Los Angeles, Koreatown, and Hollywood. The Carlton Apartments offers 45 studio apartments each measuring approximately 450 square feet and 6 one-bedroom apartments measuring approximately 600 square feet. The average unit size is approximately 468 square feet and is individually metered for both electricity and gas. The property is a 5-story reinforced brick structure serviced by one elevator, two staircase and internal hallways and units are individually metered for electricity and gas.

FOR SALE DETAILS

PRICE

$5,095,000 USD

PRICE/SF

$159 USD /SF

# OF UNITS

51

PRICE/UNIT

$99,902

CAP RATE

6.15%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Carlton Apartments | $99K/Unit | 7.81 GRM

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

5

YEAR BUILT

1926

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

R5-2

APN/PARCEL ID

5153-006-016

ASK ABOUT THIS PROPERTY

Brent SprenkleNorthmarqMore Info
310-621-8221

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Brent SprenkleNorthmarqMore Info
310-621-8221

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