Multifamily
5137 Union Pacific Ave
5137 Union Pacific Ave, East Los Angeles, CA 90022
Listing Price: $1,300,000
Investment Overview
Marcus & Millichap is pleased to present 5137 Union Pacific Avenue, a six-unit value add apartment building located in East Los Angeles. This property offers an investor the opportunity to renovate common areas and unit interiors in order to increase current rents, which are approximately 32% under market rate. The building features an excellent unit mix consisting of (4) two-bedroom/one-bathroom units and (2) three-bedroom/one and one-half bathroom units. The property has (3) separate two-car garages that are accessible through a rear alley. The 6,154 square feet building sits on a 6,371 square foot lot that is LCR4YY zoned. The property is subject to LA County rent control law (not LA City) as it is located in an unincorporated section of Los Angeles County.
Located approximately 6-miles southeast of Downtown Los Angeles, 5137 Union Pacific Avenue has a Walk Score of 86 (very walkable) as it is just a few blocks from restaurants, cafes and coffee shops along bustling Whittier Boulevard as well as retail in the nearby Commerce Center Shopping Mall and Citadel Outlet Shopping Mall. This East Los Angeles neighborhood borders both Montebello and the City of Commerce. The property is conveniently located near the 5, 60 and 710 freeways providing easy access to Downtown LA, the San Gabriel Valley and Orange County. The property is also just 1.4 miles from the Metro E Line (Atlantic Station) that provides convenient westbound access to DTLA, USC, Culver City, West LA and Santa Monica.
Investment Highlights
- 6-Unit Value Add Opportunity in East Los Angeles: Excellent 6-unit value add opportunity in East LA with current rents approximately 32% under market rate
- Excellent Metrics: Low price per foot ($211.24/ft) / 6.7% cap rate and 10.06 GRM on current rents
- Favorable Unit Mix: Excellent unit mix consisting of (4) two-bedroom/one-bathroom units and (2) three-bedroom/one and one-half bathroom units
- Unincorporated LA County Location: Property is subject to LA County rent control law (not LA City) as it is located in an unincorporated section of Los Angeles County
- Walk Score 86: Property has Walk Score of 86 (very walkable) as it is just a few blocks from restaurants, cafes and coffee shops along bustling Whittier Boulevard as well as retail in the nearby Commerce Center Shopping Mall and Citadel Outlet Shopping Mall
Exclusively Listed By
Financing By
Listing Price: $1,300,000
Investment Highlights
- 6-Unit Value Add Opportunity in East Los Angeles: Excellent 6-unit value add opportunity in East LA with current rents approximately 32% under market rate
- Excellent Metrics: Low price per foot ($211.24/ft) / 6.7% cap rate and 10.06 GRM on current rents
- Favorable Unit Mix: Excellent unit mix consisting of (4) two-bedroom/one-bathroom units and (2) three-bedroom/one and one-half bathroom units
- Unincorporated LA County Location: Property is subject to LA County rent control law (not LA City) as it is located in an unincorporated section of Los Angeles County
- Walk Score 86: Property has Walk Score of 86 (very walkable) as it is just a few blocks from restaurants, cafes and coffee shops along bustling Whittier Boulevard as well as retail in the nearby Commerce Center Shopping Mall and Citadel Outlet Shopping Mall
Investment Overview
Marcus & Millichap is pleased to present 5137 Union Pacific Avenue, a six-unit value add apartment building located in East Los Angeles. This property offers an investor the opportunity to renovate common areas and unit interiors in order to increase current rents, which are approximately 32% under market rate. The building features an excellent unit mix consisting of (4) two-bedroom/one-bathroom units and (2) three-bedroom/one and one-half bathroom units. The property has (3) separate two-car garages that are accessible through a rear alley. The 6,154 square feet building sits on a 6,371 square foot lot that is LCR4YY zoned. The property is subject to LA County rent control law (not LA City) as it is located in an unincorporated section of Los Angeles County. Located approximately 6-miles southeast of Downtown Los Angeles, 5137 Union Pacific Avenue has a Walk Score of 86 (very walkable) as it is just a few blocks from restaurants, cafes and coffee shops along bustling Whittier Boulevard as well as retail in the nearby Commerce Center Shopping Mall and Citadel Outlet Shopping Mall. This East Los Angeles neighborhood borders both Montebello and the City of Commerce. The property is conveniently located near the 5, 60 and 710 freeways providing easy access to Downtown LA, the San Gabriel Valley and Orange County. The property is also just 1.4 miles from the Metro E Line (Atlantic Station) that provides convenient westbound access to DTLA, USC, Culver City, West LA and Santa Monica.