1137 S Union Ave, Los Angeles, CA 90015 | For Sale

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For Sale $950,000 ($392.89 per Sq Ft)

$950,000 ($392.89 per Sq Ft)
  • (0)
  • 4 Bedrooms
  • 4.00 Bathrooms
  • 2,418 Sq Ft
  • 2,050 Sq Ft

Description

Welcome to a fantastic investment opportunity in the vibrant Pico/Union area fourplex with a 5% cap rate! This property is perfectly situated just steps away from L.A. Live, shops, galleries, restaurants, transportation, schools, and the LA Red Shield Community Center. Each of the four units features a 1-bedroom, 1-bathroom apartment, with several units recently renovated, adding to the property's appeal and potential.This fourplex offers a great addition to any investment portfolio, located in a dynamic and thriving community with excellent growth potential. Don't miss out on owning in one of Los Angeles' most exciting neighborhoods!

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Amenities

Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt

Income

Rental Units


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Expenses

Property Details

List Price $950,000
Property Type Fourplex (4-units)
Usable Sqft 2,418
Number of Stories 2 stories
Parking Spots 0 spots
Year Built 1905
Last Sold Unknown
Sold Price Unknown
APN # 5137026018
MLS # 24444017
Property ID 320881410
Lot Sqft 2,050
Zoning LARD1.5
Total Units 4
Days on Market 13
Original List Price $950,000
Date Updated October 02, 2024
Date Created September 24, 2024
Unit # Beds Baths Current Rent Proforma Rent
Unit #1 1 1.00 $1,740 $2,200
Unit #2 1 1.00 $1,740 $2,200
Unit #3 1 1.00 $1,040 $2,200
Unit #4 1 1.00 $1,040 $2,200
Gross Income (Yr) $ 66,720
Operating Expenses $ 18,756
Net Income (Yr) $ 47,964
Cap Rate 5.05%
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Listing Provided By

Dante Peter Tantiado an agent of . Lic #01355998


© 2024 CARETS and TheMLS. All rights reserved. Based on information from CARETS as of October 02, 2024 The information being provided by CARETS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CARETS, CLAW, CRISNet MLS, i-Tech MLS, PSRMLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Any property information referenced on this website comes from the Internet Data Exchange (IDX) program of CRISNet MLS and/or CARETS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.



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