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313 N Union Avenue, Los Angeles, CA 90026 (MLS # 22217433)

313 N Union Avenue, Los Angeles, CA 90026 (MLS # 22217433)

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PRICE $1,335,000 dsIDX morgage calculator
BEDS 8
BATHS 6
HOME SIZE 4,026 sqft
LOT SIZE 6,905 sqft
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Amazing Value-Add 6 units in the trendy Echo Park area priced at only 249k/door with great current cash flow plus 69% upside in rents. Incredible Current Cap Rate of 4.7% and 14.5 GRM with upside to 9.3% cap rate and 8.6 GRM on the proforma. Now delivered with 1 vacancy for immediate upside and renovation. This building has a diverse Unit Mix consisting of 2 (2bed/1bath) and 4 (1bed/1bath). Each unit is Individually metered for Gas & Electricity. The seller has Preliminary plans to add 3 ADUs including 1 Attached ADU and 2 Detached ADUs for additional future upside. 313 N Union is located in one of the hottest multifamily communities in one of the strongest and sought-after rental markets in LA and is ideally located within minutes of the iconic Echo Park Lake, Historic Filipino Town, Silverlake, DTLA, and within a walking distance to many new hip neighborhood hot spots.

DAYS ON MARKET 62 LAST UPDATED 1/11/2023
YEAR BUILT 1961 COMMUNITY Silver Lake - Echo Park
COUNTY Los Angeles STATUS Sold
PROPERTY TYPE(S) Residential Income


ADDITIONAL DETAILS
AIR None
AREA Silver Lake - Echo Park
GARAGE Gated, Unassigned, Uncovered
HEAT Wall Furnace
LOT 6906 sq ft
PARKING Gated,Unassigned,Uncovered
STORIES 2
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Listed with Global Platinum Properties, Inc.

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Based on information from California Regional Multiple Listing Service, Inc. as of 4/24/24 7:02 PM PDT and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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