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521 S Union Ave
Los Angeles, CA 90017 Westlake North

$1,600,000 USD

Apartments For Sale • 6,565 SF

Property Details

Property Type Apartments
Total Building Size 6,565 SF
Lot Size 0.21 AC
Building Class C
Year Built 1913
Zoning LAR4

100 Transit Score

80 Walk Score

                
                    Highlights
                
                                Transit-Oriented Westlake Location Adjacent to DTLA: Located just blocks from the Westlake / MacArthur Park Metro Station.
                            
                                The property also benefits from a Walk Score of 95, placing tenants within walking distance of retail, grocery, dining, and employment centers.
                            
                                Strong Rental Market Fundamentals: Westlake is one of Los Angeles’ most densely populated rental submarkets, driven by strong tenant demand.
                            
                                Efficient Unit Mix with Vacancy: Comprised of (18) SRO units and (2) studios, with 6 units delivered vacant, creating immediate leasing.
                            
                                Attractive In-Place Returns with Upside: Offered at a true 8.49% cap rate and 6.04 GRM on current income, with 18.17%+ rental upside

Amenities

24 Hour Access
Air Conditioning
Laundry Facilities
Microwave
Tenant Controlled HVAC
Heating
Storage Space
Freezer
Individual Locking Bedrooms
Smoke Detector

Public Transportation

Commuter Rail	Drive	Walk	Distance
	7 min	-	2.8 mi
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	-	3.0 mi
Transit/Subway	Drive	Walk	Distance
Westlake/MacArthur Park Station (Purple Line - Los Angeles County Metropolitan Transportation Authority (Metro), Red Line - Los Angeles County Metropolitan Transportation Authority (Metro))	2 min	10 min	0.5 mi
Airport	Drive	Walk	Distance
Bob Hope	26 min	-	13.9 mi
Los Angeles International	26 min	-	18.1 mi
Long Beach (Daugherty Field)	32 min	-	23.2 mi

Tony Azzi Marcus & Millichap

521 S Union Ave Los Angeles, CA 90017 Westlake North

$1,600,000 USD

Property Details

Highlights

Amenities

Public Transportation

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521 S Union Ave
Los Angeles, CA 90017 Westlake North