811 S Union Ave - Apartments FOR SALE
Los Angeles, CA 90017 |
811 S Union Ave
Los Angeles, CA 90017
HIGHLIGHTS
- 30 + 2 non-conforming Units with excellent unit mix blocks from Downtown Los Angeles
- Approximately 45% upside in rental upside. An Investor can achieve an 8.12% cap rate based on proforma rent projections
- Residents benefit from it’s close proximty to public transit, making all major submarkets of Los Angeles accessible for tenants
- Value-add opportunity through a streamlined management operation to reduce expense ratio.
- Potential Seller Financing Available. Please inquire with Listing Agents
- Subject property is in the path of development and growth and benefi ts from a C2 zoning and has a Tier 3 TOC designation.
FOR SALE DETAILS
PRICE
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# OF UNITS
-
CAP RATE
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% LEASED
-
BUILDING DETAILS
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Low-Rise
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
17364
STORIES
3
YEAR BUILT
1906
PARKING SPACES
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LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
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APN/PARCEL ID
5142-017-003
