250 & 260 S Union Ave | 2 Buildings| 20 Units | 250 S Union Ave
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250 & 260 S Union Ave | 2 Buildings| 20 Units 250 S Union Ave
20 Unit Block of Flats £2,885,400 (£144,270/Unit) 6.39% Net Initial Yield Los Angeles, CA 90026
Investment Highlights
- Potential ADU Opportunity
- Nearby Shopping/Transit Access
- New Roof in 2023
- On-Site Parking & Laundry
- Individually Metered For Gas and Electric
- Great Los Angeles Location
Executive Summary
Listed By The APLA GROUP: Welcome to 250 & 260 S. Union Ave, a remarkable investment opportunity nestled in the heart of vibrant Los Angeles. These well-maintained multifamily properties offer an impressive unit mix, featuring 2 single units, 14 two-bedroom, one-bath units, and 4 one-bedroom, one-bath units, providing flexibility and broad tenant appeal. With thoughtfully upgraded infrastructure and exciting potential for additional income streams, these properties are poised for long-term growth and profitability.
Maximize your returns with the potential for Accessory Dwelling Units (ADU), offering added rental opportunities. Residents will appreciate the convenience of on-site parking with storage, and dedicated laundry facilities, enhancing daily living comfort. Individual gas and electric meters further streamline utility management, ensuring operational efficiency and reduced expenses for owners.
Recent enhancements reflect a commitment to modern standards, including a brand-new roofs completed in 2023 and a fully compliant soft-story retrofits, delivering both peace of mind and long-lasting value. These properties exceptional location places tenants within moments of major transit corridors, including CA-101 and 110 freeways, and within walking distance to the Westlake/MacArthur Park Transit Station. Echo Park and an array of shopping and dining destinations are just minutes away, ensuring a dynamic urban lifestyle.
Position your portfolio for success with these ideally located, fully upgraded properties that combine the best of modern amenities, income potential, and Los Angeles’ thriving real estate market. Seize this rare investment gem today!
Maximize your returns with the potential for Accessory Dwelling Units (ADU), offering added rental opportunities. Residents will appreciate the convenience of on-site parking with storage, and dedicated laundry facilities, enhancing daily living comfort. Individual gas and electric meters further streamline utility management, ensuring operational efficiency and reduced expenses for owners.
Recent enhancements reflect a commitment to modern standards, including a brand-new roofs completed in 2023 and a fully compliant soft-story retrofits, delivering both peace of mind and long-lasting value. These properties exceptional location places tenants within moments of major transit corridors, including CA-101 and 110 freeways, and within walking distance to the Westlake/MacArthur Park Transit Station. Echo Park and an array of shopping and dining destinations are just minutes away, ensuring a dynamic urban lifestyle.
Position your portfolio for success with these ideally located, fully upgraded properties that combine the best of modern amenities, income potential, and Los Angeles’ thriving real estate market. Seize this rare investment gem today!
Property Facts
| Price | £2,885,400 | Apartment Style | Low Rise |
| Price Per Unit | £144,270 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.32 AC |
| Net Initial Yield | 6.39% | Building Size | 14,080 SF |
| Gross Rent Multiplier | 9.58 | Average Occupancy | 100% |
| No. Units | 20 | Number of Floors | 2 |
| Property Type | Residential | Year Built | 1964 |
| Property Subtype | Apartment | Parking Ratio | 0.57/1,000 SF |
| Price | £2,885,400 |
| Price Per Unit | £144,270 |
| Sale Type | Investment |
| Net Initial Yield | 6.39% |
| Gross Rent Multiplier | 9.58 |
| No. Units | 20 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.32 AC |
| Building Size | 14,080 SF |
| Average Occupancy | 100% |
| Number of Floors | 2 |
| Year Built | 1964 |
| Parking Ratio | 0.57/1,000 SF |
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| Studios | 2 | - | - |
| 1+1 | 4 | - | - |
| 2+1 | 14 | - | - |
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Walk Score ®
Walker's Paradise (90)
Transit Score ®
Excellent Transit (82)
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | £859,064 | |
| Land Assessment | £1,181,214 | Total Assessment | £2,040,278 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
£1,181,214
Improvements Assessment
£859,064
Total Assessment
£2,040,278
zoning
| Zoning Code | LAR3 |
| LAR3 |
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250 & 260 S Union Ave | 2 Buildings| 20 Units | 250 S Union Ave
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