125 Union Place, Los Angeles

$1,950,000

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3

Beds

2

Baths

5,489

Square feet

0.17

Acres

Listing Agent
Max Berger - Compass

About 125 Union Place

*** $100,000 price reduction *** 125 Union Place is a 9-unit value-add property located one mile south of Echo Park Lake. Located just south of Beverly Blvd, this property is near Echo Park, Silver Lake, Koreatown, the 101 Fwy, and the 110 Fwy. Built in 1953, 125 Union consists of (6) 2-bdrm. units and (3) 1-bdrm. units. One of the 2-bdrm. units is an ADU that was built in 2022, and features wood-laminate flooring, stainless-steel appliances, and quartz countertops. 125 Union is being offered at a 6.31% CAP and 9.80 GRM on current rents, $216,667 per unit, and $355 per foot. The property presents approx. 34% rental upside with (4) VACANT 2-bdrm. units. At projected market rents, it will stabilize at a 9.68% CAP and 7.31 GRM. The property amenities include a laundry room. 125 Union is a part of a 5-property South LA portfolio, for more information please contact LA1.

Features of 125 Union Place

MLS® # 24392807
Price $1,950,000
Bedrooms 3
Bathrooms 2.00
Square Footage 5,489
Acres 0.17
Year Built 1953
Type Residential Income
Status Active

Community Information

Address 125 Union Place
Area C42 - Downtown L.A.
City Los Angeles
County Los Angeles
Zip Code 90026

Amenities

Parking Side By Side, Uncovered
Garages Side By Side, Uncovered
View None
Is Waterfront No
Has Pool No

Interior

Has Basement No
Fireplace No
# of Stories 2
Stories Two

Additional Information

Date Listed May 16th, 2024
Days on Market 67
Zoning LAR3
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

AgentMax Berger
OfficeCompass

Listing Map

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