514 Union Dr | Los Angeles, CA 90017
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- LoopNet Team
514 Union Dr
Los Angeles, CA 90017
Devon Apartments · Build-to-Rent Property For Sale
·
47 Units
INVESTMENT HIGHLIGHTS
- The Neema Group of Marcus & Millichap is pleased to present 514 Union Dr, a 47-unit multifamily investment opportunity in Westlake
- At the asking price, the property is being offered at a 7.40% CAP rate at 7.06 GRM on current income
- Potential for additional upside as an additional ADU may be possible (Buyer to verify)
- The property features a unit mix of 39 singles and eight one-bedrooms
- Additional 27% rental upside achievable as units turn through interior renovations
PROPERTY FACTS
| No. Units | 47 | Total Plot Size | 0.19 ac |
| Property Type | Build-to-Rent | Property Size | 25,720 sq ft |
| Property Subtype | Apartment | No. Floors | 4 |
| Apartment Style | Mid-Rise | Year Built | 1914 |
| Costar Property Class | C | ||
| Use Class | R4, Los Angeles - high density residential | ||
| No. Units | 47 |
| Property Type | Build-to-Rent |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Costar Property Class | C |
| Total Plot Size | 0.19 ac |
| Property Size | 25,720 sq ft |
| No. Floors | 4 |
| Year Built | 1914 |
| Use Class | R4, Los Angeles - high density residential |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
SITE AMENITIES
- Controlled Access
- Tenant Controlled HVAC
- Recycling
- Smoke Free
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT PCM | sq ft |
|---|---|---|---|
| Studios | 39 | - | 307 |
| 1+1 | 8 | - | 530 |
PROPERTY TAXES
| Parcel Number | 5153-006-018 | Improvements Assessment | £1,430,092 |
| Land Assessment | £762,715 | Total Assessment | £2,192,806 |
PROPERTY TAXES
Parcel Number
5153-006-018
Land Assessment
£762,715
Improvements Assessment
£1,430,092
Total Assessment
£2,192,806
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