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Multi-Family

Union.520

520 Union Dr, Los Angeles, CA 90017

Listing Price: $900,000

Lot Size
0.19 acres
Price/Acre
$4,835,224
Land Type
Land

Investment Overview

Marcus & Millichap is pleased to present 520 Union Dr, a lot in the
Westlake neighborhood of Los Angeles located just north of 6th
St and a half-mile from Good Samaritan Hospital
•••
The property consists of an 8,108 SF lot zoned R4-1 in a Tier 3
TOC
•••
The lot is currently being used as parking, leased to tenants of
the adjacent building at 514 and 526 Union Dr, and generates
$2,500 per month in income; tenants parking is included on
addendums separate to their apartment lease
•••
At the asking price, the property is being offered at a low $111
PSF
•••
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

Investment Highlights

  • Marcus & Millichap is pleased to present 520 Union Dr, a lot in the Westlake neighborhood of Los Angeles located just north of 6th St and a half-mile from Good Samaritan Hospital
  • The property consists of an 8,108 SF lot zoned R4-1 in a Tier 3 TOC
  • Currently being used as parking, leased to tenants of adjacent building at 514 & 526 Union Dr. Generates $2,500 monthly in income; tenants parking is included on addendum separate from apartment lease
  • At the asking price, the property is being offered at a low $111 PSF
  • 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, Dodger Stadium, and The Broad Museum

Exclusively Listed By

Financing By

Multi-Family

Union.520

Listing Price: $900,000

Lot Size
0.19 acres
Price/Acre
$4,835,224
Land Type
Land

Investment Highlights

  • Marcus & Millichap is pleased to present 520 Union Dr, a lot in the Westlake neighborhood of Los Angeles located just north of 6th St and a half-mile from Good Samaritan Hospital
  • The property consists of an 8,108 SF lot zoned R4-1 in a Tier 3 TOC
  • Currently being used as parking, leased to tenants of adjacent building at 514 & 526 Union Dr. Generates $2,500 monthly in income; tenants parking is included on addendum separate from apartment lease
  • At the asking price, the property is being offered at a low $111 PSF
  • 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, Dodger Stadium, and The Broad Museum

Investment Overview

Marcus & Millichap is pleased to present 520 Union Dr, a lot in the Westlake neighborhood of Los Angeles located just north of 6th St and a half-mile from Good Samaritan Hospital ••• The property consists of an 8,108 SF lot zoned R4-1 in a Tier 3 TOC ••• The lot is currently being used as parking, leased to tenants of the adjacent building at 514 and 526 Union Dr, and generates $2,500 per month in income; tenants parking is included on addendums separate to their apartment lease ••• At the asking price, the property is being offered at a low $111 PSF ••• 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

Exclusively Listed By

Financing By

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