Investment Overview

Marcus & Millichap is pleased to present 526 Union Dr, a 51-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 At the asking price, the property is being offered at a 6.73% CAP rate at 7.42 GRM on current income with an additional 36% rental upside achievable as units turn through interior renovations The building is separately metered for gas and electricity and has an on-site laundry room with four washers and four dryers (lease with Wash) and new security cameras; significant cap ex has been invested by ownership into the systems and common areas The property features a unit mix of 45 singles and six one-bedrooms 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