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1029 S Union Ave
Los Angeles, CA 90015
31 Units Near Downtown Los Angeles · Multifamily Property For Sale
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31 Units
Investment Highlights
- Assumable Agency Financing, Available at 3.64% Interest, 77% LTV, Amortizing. Maturity Date of 10/1/2025
- An Investor will have the Opportunity to Capture 51% Rental Upside on the Remaining Non-Renovated Units
- The Offering is Located Within a 15 Minute Radius of Over 100 Million SF of Office which Attracts High-Income Tenant Profiles and Drives Rental Growth
- Part of a 6-property, 195-unit Portfolio. Properties may be purchased an Individual, Portfolio or Sub-Portfolio Basis
- The Subject Property is Located in Close Proximity to the Vibrant Restaurants, Cafes, Bars, and Employment Opportunities in Downtown Los Angeles
- The Government Required Seismic Retrofit Work is Already Completed by Current Ownership Which Saves a New Investor Substantially in Capital and Time
Property Facts
| No. Units | 31 | Building Size | 21,988 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1963 |
| Building Class | C | Parking Ratio | 1.97/1,000 SF |
| Lot Size | 0.37 AC | ||
| Zoning | LAR4 | ||
| No. Units | 31 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.37 AC |
| Building Size | 21,988 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1963 |
| Parking Ratio | 1.97/1,000 SF |
| Zoning | LAR4 |
Amenities
Unit Amenities
- Heating
- Kitchen
- Refrigerator
- Range
- Tub/Shower
- Freezer
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 22 | - | 390 |
| 1+1 | 9 | - | 596 |
Property Taxes
| Parcel Number | 5137-016-025 | Improvements Assessment | $1,137,373 |
| Land Assessment | $3,878,581 | Total Assessment | $5,015,954 |
Property Taxes
Parcel Number
5137-016-025
Land Assessment
$3,878,581
Improvements Assessment
$1,137,373
Total Assessment
$5,015,954
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