Multifamily
521 S Union Ave
521 S Union Ave, Los Angeles, CA 90017
Listing Price: $1,600,000
Investment Overview
Marcus & Millichap are pleased to present the opportunity to acquire 521 S Union Avenue, a 20-unit investment opportunity located in the vibrant 90017 zip code of Los Angeles.
521 S Union Ave
Investment Highlights
- Westlake is one of Los Angeles' most densely populated rental submarkets, driven by strong tenant demand and relative affordability compared to surrounding neighborhoods.
- Comprised of (18) SRO units and (2) studios, with 6 units delivered vacant, creating immediate leasing and rental upside opportunities.
- Offered at a true 8.49% cap rate and 6.04 GRM on current income, with 18.17%+ rental upside through future lease turn and optimization.
- Transit-Oriented Westlake Location Adjacent to DTLA: Located just blocks from the Westlake / MacArthur Park Metro Station, providing direct connectivity to Downtown Los Angeles, Koreatown, Echo Park, Silver Lake, and Hollywood. The property also benefits from a Walk Score of 95, placing tenants within walking distance of retail, grocery, dining, and employment centers.
Exclusively Listed By
Listing Price: $1,600,000
Investment Highlights
- Westlake is one of Los Angeles' most densely populated rental submarkets, driven by strong tenant demand and relative affordability compared to surrounding neighborhoods.
- Comprised of (18) SRO units and (2) studios, with 6 units delivered vacant, creating immediate leasing and rental upside opportunities.
- Offered at a true 8.49% cap rate and 6.04 GRM on current income, with 18.17%+ rental upside through future lease turn and optimization.
- Transit-Oriented Westlake Location Adjacent to DTLA: Located just blocks from the Westlake / MacArthur Park Metro Station, providing direct connectivity to Downtown Los Angeles, Koreatown, Echo Park, Silver Lake, and Hollywood. The property also benefits from a Walk Score of 95, placing tenants within walking distance of retail, grocery, dining, and employment centers.
Investment Overview
Marcus & Millichap are pleased to present the opportunity to acquire 521 S Union Avenue, a 20-unit investment opportunity located in the vibrant 90017 zip code of Los Angeles.
Exclusively Listed By
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