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526 Union Dr
Los Angeles, CA 90017
The Carlton Apartments · Multifamily Property For Sale
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51 Units
Investment Highlights
- The Neema Group of Marcus & Millichap is pleased to present 526 Union Dr, a 51-unit multifamily investment opportunity in Westlake
- Additional 36% rental upside achievable as units turn through interior renovations
- At the asking price, the property is being offered at a 6.73% CAP rate at 7.42 GRM on current income
- The property features a unit mix of 45 singles and six one-bedrooms
Property Facts
| No. Units | 51 | Lot Size | 0.18 AC |
| Property Type | Multifamily | Building Size | 32,001 SF |
| Property Subtype | Apartment | No. Stories | 5 |
| Apartment Style | Mid-Rise | Year Built | 1926 |
| Building Class | C | ||
| Zoning | R5-2 - Multiple Dwelling Zone | ||
| No. Units | 51 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.18 AC |
| Building Size | 32,001 SF |
| No. Stories | 5 |
| Year Built | 1926 |
| Zoning | R5-2 - Multiple Dwelling Zone |
Amenities
Unit Amenities
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Freezer
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Public Transportation
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 45 | - | 340 - 500 |
| 1+1 | 6 | - | 500 - 700 |
Property Taxes
| Parcel Number | 5153-006-016 | Improvements Assessment | $1,270,473 |
| Land Assessment | $295,451 | Total Assessment | $1,565,924 |
Property Taxes
Parcel Number
5153-006-016
Land Assessment
$295,451
Improvements Assessment
$1,270,473
Total Assessment
$1,565,924
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