526 Union Dr | Los Angeles, CA 90017
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- LoopNet Team
526 Union Dr
Los Angeles, CA 90017
The Carlton Apartments · Build-to-Rent Property For Sale
·
51 Units
INVESTMENT HIGHLIGHTS
- The Neema Group of Marcus & Millichap is pleased to present 526 Union Dr, a 51-unit multifamily investment opportunity in Westlake
- Additional 36% rental upside achievable as units turn through interior renovations
- At the asking price, the property is being offered at a 6.73% CAP rate at 7.42 GRM on current income
- The property features a unit mix of 45 singles and six one-bedrooms
PROPERTY FACTS
| No. Units | 51 | Total Plot Size | 0.18 ac |
| Property Type | Build-to-Rent | Property Size | 32,001 sq ft |
| Property Subtype | Apartment | No. Floors | 5 |
| Apartment Style | Mid-Rise | Year Built | 1926 |
| Costar Property Class | C | ||
| Use Class | R5-2 - Multiple Dwelling Zone | ||
| No. Units | 51 |
| Property Type | Build-to-Rent |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Costar Property Class | C |
| Total Plot Size | 0.18 ac |
| Property Size | 32,001 sq ft |
| No. Floors | 5 |
| Year Built | 1926 |
| Use Class | R5-2 - Multiple Dwelling Zone |
AMENITIES
UNIT AMENITIES
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Freezer
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Public Transportation
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT PCM | sq ft |
|---|---|---|---|
| Studios | 45 | - | 340 - 500 |
| 1+1 | 6 | - | 500 - 700 |
PROPERTY TAXES
| Parcel Number | 5153-006-016 | Improvements Assessment | £940,595 |
| Land Assessment | £218,737 | Total Assessment | £1,159,332 |
PROPERTY TAXES
Parcel Number
5153-006-016
Land Assessment
£218,737
Improvements Assessment
£940,595
Total Assessment
£1,159,332
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