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1137 S Union Ave
For Sale $930,000 ($384.62 per Sq Ft)
$930,000 ($384.62 per Sq Ft)
- 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! The property is fully occupied and with no vacancy.
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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
Property Details
| List Price | $930,000 |
| 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 | 88 |
| Original List Price | $950,000 |
| Date Updated | December 04, 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 | 5.10% |
Listing Provided By
Dante Peter Tantiado an agent of . Lic #01355998
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