5137 Union Pacific Ave
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5137 Union Pacific Ave
6 Unit Block of Flats £1,004,263 (£167,377/Unit) 6.70% Net Initial Yield East Los Angeles, CA 90022
INVESTMENT HIGHLIGHTS
- 6-Unit Value Add Opportunity in East Los Angeles: Excellent 6-unit value add opportunity in East LA with current rents approximately 32% under market
- Favorable Unit Mix: Excellent unit mix consisting of (4) two-bedroom/one-bathroom units and (2) three-bedroom/one and one-half bathroom units
- Walk Score 86: Property has Walk Score of 86 (very walkable) as it is just a few blocks from restaurants, cafes and coffee shops
- Excellent Metrics: Low price per foot ($211.24/ft) / 6.7% cap rate and 10.06 GRM on current rents
- Unincorporated LA County Location: Property is subject to LA County rent control law (not LA City) as it is located in an unincorporated section of LA
- Proximity to 5, 710 and 60 Freeways: Conveniently located near the 5, 60 and 710 freeways providing easy access to Downtown LA, the San Gabriel Valley
EXECUTIVE SUMMARY
Marcus & Millichap is pleased to present 5137 Union Pacific Avenue, a six-unit value add apartment building located in East Los Angeles. This property offers an investor the opportunity to renovate common areas and unit interiors in order to increase current rents, which are approximately 32% under market rate. The building features an excellent unit mix consisting of (4) two-bedroom/one-bathroom units and (2) three-bedroom/one and one-half bathroom units. The property has (3) separate two-car garages that are accessible through a rear alley. The 6,154 square feet building sits on a 6,371 square foot lot that is LCR4YY zoned. The property is subject to LA County rent control law (not LA City) as it is located in an unincorporated section of Los Angeles County.
Located approximately 6-miles southeast of Downtown Los Angeles, 5137 Union Pacific Avenue has a Walk Score of 86 (very walkable) as it is just a few blocks from restaurants, cafes and coffee shops along bustling Whittier Boulevard as well as retail in the nearby Commerce Center Shopping Mall and Citadel Outlet Shopping Mall. This East Los Angeles neighborhood borders both Montebello and the City of Commerce. The property is conveniently located near the 5, 60 and 710 freeways providing easy access to Downtown LA, the San Gabriel Valley and Orange County. The property is also just 1.4 miles from the Metro E Line (Atlantic Station) that provides convenient westbound access to DTLA, USC, Culver City, West LA and Santa Monica.
Located approximately 6-miles southeast of Downtown Los Angeles, 5137 Union Pacific Avenue has a Walk Score of 86 (very walkable) as it is just a few blocks from restaurants, cafes and coffee shops along bustling Whittier Boulevard as well as retail in the nearby Commerce Center Shopping Mall and Citadel Outlet Shopping Mall. This East Los Angeles neighborhood borders both Montebello and the City of Commerce. The property is conveniently located near the 5, 60 and 710 freeways providing easy access to Downtown LA, the San Gabriel Valley and Orange County. The property is also just 1.4 miles from the Metro E Line (Atlantic Station) that provides convenient westbound access to DTLA, USC, Culver City, West LA and Santa Monica.
PROPERTY FACTS In Escrow
| Price | £1,004,263 | Property Subtype | Apartment |
| Price Per Unit | £167,377 | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | C |
| Net Initial Yield | 6.70% | Lot Size | 0.14 AC |
| Gross Rent Multiplier | 10.06 | Building Size | 6,154 SF |
| No. Units | 6 | Number of Floors | 2 |
| Property Type | Multifamily | Year Built | 1947 |
| Price | £1,004,263 |
| Price Per Unit | £167,377 |
| Sale Type | Investment |
| Net Initial Yield | 6.70% |
| Gross Rent Multiplier | 10.06 |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 6,154 SF |
| Number of Floors | 2 |
| Year Built | 1947 |
UNIT AMENITIES
- Air Conditioning
- Dishwasher
- Disposal
- Microwave
- Eat-in Kitchen
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
- Dining Room
- Family Room
SITE AMENITIES
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | Avg. Rent.Mo | SF |
|---|---|---|---|
| 2+1 | 4 | - | 975 |
| 3+1.5 | 2 | - | 1,000 |
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Walk Score®
Very Walkable (86)
PROPERTY TAXES
| Parcel Number | 5245-013-017 | Improvements Assessment | £438,809 |
| Land Assessment | £570,451 | Total Assessment | £1,009,260 |
PROPERTY TAXES
Parcel Number
5245-013-017
Land Assessment
£570,451
Improvements Assessment
£438,809
Total Assessment
£1,009,260
ZONING
| Zoning Code | LCR4YY (Commercial) |
| LCR4YY (Commercial) |
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5137 Union Pacific Ave
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