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514 Union Dr
Los Angeles, CA 90017
Devon Apartments · Multifamily Property For Sale
·
47 Units
Investment Highlights
- The Neema Group of Marcus & Millichap is pleased to present 514 Union Dr, a 47-unit multifamily investment opportunity in Westlake
- At the asking price, the property is being offered at a 7.40% CAP rate at 7.06 GRM on current income
- Potential for additional upside as an additional ADU may be possible (Buyer to verify)
- The property features a unit mix of 39 singles and eight one-bedrooms
- Additional 27% rental upside achievable as units turn through interior renovations
Property Facts
| No. Units | 47 | Lot Size | 0.19 AC |
| Property Type | Multifamily | Building Size | 25,720 SF |
| Property Subtype | Apartment | No. Stories | 4 |
| Apartment Style | Mid-Rise | Year Built | 1914 |
| Building Class | C | ||
| Zoning | R4, Los Angeles - high density residential | ||
| No. Units | 47 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.19 AC |
| Building Size | 25,720 SF |
| No. Stories | 4 |
| Year Built | 1914 |
| Zoning | R4, Los Angeles - high density residential |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
Site Amenities
- Controlled Access
- Tenant Controlled HVAC
- Recycling
- Smoke Free
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 39 | - | 307 |
| 1+1 | 8 | - | 530 |
Property Taxes
| Parcel Number | 5153-006-018 | Improvements Assessment | $1,931,643 |
| Land Assessment | $1,030,208 | Total Assessment | $2,961,851 |
Property Taxes
Parcel Number
5153-006-018
Land Assessment
$1,030,208
Improvements Assessment
$1,931,643
Total Assessment
$2,961,851
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