514 Union Dr - Apartments FOR SALE
Los Angeles, CA 90017 |
514 Union Dr
Los Angeles, CA 90017
HIGHLIGHTS
- The Neema Group of Marcus & Millichap is pleased to present 514 Union Dr, a 47-unit multifamily investment opportunity in Westlake
- The property features a unit mix of 39 singles and eight one-bedrooms
- At the asking price, the property is being offered at a 7.40% CAP rate at 7.06 GRM on current income
- Additional 27% rental upside achievable as units turn through interior renovations
- Potential for additional upside as an additional ADU may be possible (Buyer to verify)
FOR SALE DETAILS
PRICE
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# OF UNITS
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CAP RATE
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% LEASED
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BUILDING DETAILS
PROPERTY NAME
Devon Apartments
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Mid-Rise
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
25720
STORIES
4
YEAR BUILT
1914
PARKING SPACES
-
LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
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APN/PARCEL ID
5153-006-018
