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125 S Union Pl
Los Angeles, CA 90026
6.71% CAP & 9.30 GRM by Echo Park · Multifamily Property For Sale
·
9 Units
Investment Highlights
- *** 2nd $100,000 Price Reduction --- $200,000 reduction from originally listed price --- Motivated Seller ***
- Consists of (6) 2-bdrm. units and (3) 1-bdrm. units - one of the 2-bdrm. units is an ADU that was built in 2022
- Approx. 34% rental upside with (4) VACANT 2-bdrm. units - at projected market rents, the property will stabilize at a 10.27% CAP and 9.3 GRM
- 9-unit value-add property located one mile south of Echo Park Lake - close proximity to Echo Park, Silver Lake, Koreatown, the 101 Fwy, and 110 Fwy
- Offered at 6.71% CAP and 9.30 GRM on current rents, $205,556 per unit, and $337 per foot
- Part of a 5-property South LA portfolio - please contact Max Berger for more information at (818) 321-4972 or Max@KennyStevensTeam.com
Property Facts
| No. Units | 9 | Lot Size | 0.17 AC |
| Property Type | Multifamily | Building Size | 5,489 SF |
| Property Subtype | Apartment | Average Occupancy | 55% |
| Apartment Style | Low-Rise | No. Stories | 2 |
| Building Class | C | Year Built | 1953 |
| Zoning | R3 - Neighborhood Commercial | ||
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 5,489 SF |
| Average Occupancy | 55% |
| No. Stories | 2 |
| Year Built | 1953 |
| Zoning | R3 - Neighborhood Commercial |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 6 | $1,896 | - |
| 1+1 | 3 | $1,050 | - |
Property Taxes
| Parcel Number | 5153-012-009 | Improvements Assessment | $565,000 |
| Land Assessment | $1,000,000 | Total Assessment | $1,565,000 |
Property Taxes
Parcel Number
5153-012-009
Land Assessment
$1,000,000
Improvements Assessment
$565,000
Total Assessment
$1,565,000
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