1316 S Union Ave - Apartments FOR SALE


Los Angeles, CA 90015- Pico-Union
$1,200,000 USD
213-247-0741
1316 S Union Ave, Los Angeles, CA for Sale
$1,200,000 USD
Apartments - FOR SALE
1/17
null | 2.26% Cap Rate

1316 S Union Ave
Los Angeles, CA 90015
Pico-Union


OVERVIEW

Property will be delivered with 50% vacancy and shovel-ready permits for a 4 Bed/ 2 Bath ADU. Great upside potential with a pro-forma cap rate at 7.93% and GRM at 9.13. Strong housing demand driven by nearby employment centers and universities including USC, Southwestern Law School, and LA Trade-Tech College. Large gated surface parking area provides flexibility for tenant parking and future development.

FOR SALE DETAILS

PRICE

$1,200,000 USD

PRICE/SF

$414 USD /SF

# OF UNITS

2

PRICE/UNIT

$600,000

CAP RATE

2.26%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

2 Unit DTLA

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1920

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

5,902 SF

ZONING

RD1.5

APN/PARCEL ID

5135-022-043

ASK ABOUT THIS PROPERTY

Justin KimAll In CapitalMore Info
213-247-0741

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

Justin KimAll In CapitalMore Info
213-247-0741

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