Investment Overview

• Marcus & Millichap is pleased to present 514 Union Dr, a 47-unit multifamily investment opportunity in the Westlake neighborhood of Los Angeles located just north of 6th St and a half-mile from Good Samaritan Hospital • The property features a unit mix of 39 singles and eight one-bedrooms • At the asking price, the property is being offered at a 7.40% CAP rate at 7.06 GRM on current income with an additional 27% rental upside achievable as units turn through interior renovations • Potential for additional upside as an additional ADU may be possible (Buyer to verify) • The building is separately metered for electricity and has an on-site laundry room with four washers and four dryers (lease with Wash) • High Walk Score of 93, the property is less than a mile to the Metro A-E Rail Lines, and Metro Local Lines along 6th St • Walking distance to retailers such as The Home Depot, Rite Aid, and McDonald’s, among others along 6th St • This neighborhood of Westlake is ideally located with a short commute to Downtown Los Angeles, Hollywood, and Koreatown. Proximity to MacArthur Park, Echo Park, Doger Stadium, and The Broad Museum