4346 Union Pacific Ave - Apartments FOR SALE


Los Angeles, CA 90023- East Los Angeles
$1,795,000 USD
949-500-5099
4346 Union Pacific Ave, Los Angeles, CA for Sale
$1,795,000 USD
Apartments - FOR SALE
1/9
null | 6.46% Cap Rate

4346 Union Pacific Ave
Los Angeles, CA 90023
East Los Angeles


HIGHLIGHTS

  • Majority 2 Bedroom Units
  • 6.5% Cap Rate on Current Rents with 44% Projected Rental Upside
  • New Asphalt; Newer Copper Re-Pipe
  • High Demand Rental Location for Affordable Units
  • Located Adjacent to Boyle Heights
  • Walking Distance to Shops, Restaurants, Public Transportation, Groceries, Etc.

OVERVIEW

Morgan Skenderian, Inc. is pleased to introduce this excellent investment opportunity in a high-demand rental pocket adjacent to Boyle Heights and just 6 miles from Downtown Los Angeles. This 9-unit multifamily property, built in 1960, features a majority of two-bedroomunits and offers strong in-place cash flow with a 6.5% cap rate on current rents, plus significant upside—up to 44% projected rental growth. Recent improvements include new asphalt and a newer copper re-pipe, reducing immediate capital expenses for new ownership. Onsite amenities include laundry facilities and a total of 9 parking spaces: 1 garage, 3 carports, and 5 open spaces. Tenants enjoy walkable access to shops, restaurants, grocery stores, and public transportation, making this a highly attractive location for long-term tenancy. Don’t miss this rare opportunity to acquire a value-add asset in one of L.A.'s most consistently strong rental markets.

FOR SALE DETAILS

PRICE

$1,795,000 USD

PRICE/SF

$332 USD /SF

# OF UNITS

9

PRICE/UNIT

$199,444

CAP RATE

6.46%

% LEASED

95%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1960

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.19 AC

LAND SF

8,320 SF

ZONING

M1-R4, Los Angeles

APN/PARCEL ID

5241-016-023

ASK ABOUT THIS PROPERTY

Rick ApplebaumMorgan-Skenderian Investment Real Estate GroupMore Info
949-500-5099

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Rick ApplebaumMorgan-Skenderian Investment Real Estate GroupMore Info
949-500-5099

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