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514 Union Dr
Los Angeles, CA 90017 Westlake North

Price Upon Request

Apartments For Sale  •  25,720 SF

Property Details

  • Property Type Apartments
  • Total Building Size 25,720 SF
  • Lot Size 0.19 AC
  • Building Class C
  • Year Built 1914
  • Zoning R4, Los Angeles
91 Transit Score
92 Walk Score

Highlights

The Neema Group of Marcus & Millichap is pleased to present 514 Union Dr, a 47-unit multifamily investment opportunity in Westlake
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
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)

Amenities

  • Air Conditioning
  • Controlled Access
  • Tenant Controlled HVAC
  • Heating
  • Recycling
  • Smoke Free
  • Kitchen
  • Refrigerator
  • Oven
  • Range
  • Tub/Shower
  • Smoke Detector

Public Transportation

Commuter RailDriveWalkDistance
Union Station (91 Line - Southern California Regional Rail Authority (Metrolink), Antelope Valley Line - Southern California Regional Rail Authority (Metrolink), Orange County Line - Southern California Regional Rail Authority (Metrolink), Riverside Line - Southern California Regional Rail Authority (Metrolink), San Bernardino Line - Southern California Regional Rail Authority (Metrolink), Ventura County Line - Southern California Regional Rail Authority (Metrolink)) 9 min - 2.7 mi
6 min - 2.7 mi
Transit/SubwayDriveWalkDistance
Westlake/MacArthur Park Station (Purple Line - Los Angeles County Metropolitan Transportation Authority (Metro), Red Line - Los Angeles County Metropolitan Transportation Authority (Metro)) 2 min 12 min 0.6 mi
7th Street/Metro Center Station (Blue Line - Los Angeles County Metropolitan Transportation Authority (Metro), Expo Line - Los Angeles County Metropolitan Transportation Authority (Metro), Purple Line - Los Angeles County Metropolitan Transportation Authority (Metro), Red Line - Los Angeles County Metropolitan Transportation Authority (Metro)) 3 min 20 min 1.0 mi
AirportDriveWalkDistance
Bob Hope 24 min - 13.9 mi
Los Angeles International 25 min - 14.9 mi
Long Beach (Daugherty Field) 31 min - 23.1 mi

Parking Details

Parking Available: Yes
Reserved: No
Type: Surface
Included in Rent: Yes