A Renovated 31-Unit with Remaining Upside | 1029 S Union Ave
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A Renovated 31-Unit with Remaining Upside 1029 S Union Ave Immeuble residentiel 31 lots 4 780 512 € (154 210 €/Lot) Taux de capitalisation 6,35 % Los Angeles, CA 90015
Certaines informations ont été traduites automatiquement.
INFORMATIONS PRINCIPALES SUR L'INVESTISSEMENT
- An investor can capture 53% rental upside on non-renovated units and additional upside on upgraded units not yet leased at market rents
- The 2028 Summer Games are expected to boost LA real estate through infrastructure upgrades and major venue improvements like the LA Coliseum
- A unique opportunity for investors seeking a strategic entry or expansion in LA, where the average deal size is 13 units over the past five years
- Located in close proximity to the vibrant restaurants, cafes, bars, theaters, and employment opportunities in Downtown Los Angeles and Koreatown
- High-profile downtown office sales in 2024 signal renewed confidence and new owners leasing at reset rates—drawing employers back to the CBD
- The government required seismic retrofit work was completed by ownership
RÉSUMÉ ANALYTIQUE
The SR Group of Marcus & Millichap, as the exclusive listing agent, is pleased to offer for sale 1029 South Union Avenue, a 31-unit apartment complex located just outside of Downtown Los Angeles.
The property places residents within a short distance to dining, shopping, and entertainment options that Downtown Los Angeles & Koreatown offer. Being proximate to the core of Los Angeles offers the added benefit of being near significant employment hubs, worldclass education facilities, and cultural landmarks.
Situated on a 16,166 square foot parcel, the property consists of twenty-two studios and nine one-bedroom units. An estimated 20 studio units have been reconfigured to operate like Jr. 1 Bed/1Bath units. While many of the units have been renovated to modern standards, there below market units that offer meaningful upside.
1029 South Union Avenue offers investors an opportunity to acquire a mid-sized asset near Downtown Los Angeles with on-site parking and modern layouts. The ongoing urban renewal and growth in this neighborhood highlight the potential for sustained growth.
PLEASE DO NOT WALK THE PROPERTY OR DISRUPT TENANTS. CONTACT THE LISTING TEAM FOR DETAILS.
This asset is being offered for sale alongside 932 Maltman. The properties can be purchased individually or together.
The property places residents within a short distance to dining, shopping, and entertainment options that Downtown Los Angeles & Koreatown offer. Being proximate to the core of Los Angeles offers the added benefit of being near significant employment hubs, worldclass education facilities, and cultural landmarks.
Situated on a 16,166 square foot parcel, the property consists of twenty-two studios and nine one-bedroom units. An estimated 20 studio units have been reconfigured to operate like Jr. 1 Bed/1Bath units. While many of the units have been renovated to modern standards, there below market units that offer meaningful upside.
1029 South Union Avenue offers investors an opportunity to acquire a mid-sized asset near Downtown Los Angeles with on-site parking and modern layouts. The ongoing urban renewal and growth in this neighborhood highlight the potential for sustained growth.
PLEASE DO NOT WALK THE PROPERTY OR DISRUPT TENANTS. CONTACT THE LISTING TEAM FOR DETAILS.
This asset is being offered for sale alongside 932 Maltman. The properties can be purchased individually or together.
DATA ROOM Cliquez ici pour accéder à
INFORMATIONS SUR L’IMMEUBLE
| Prix | 4 780 512 € | Style d’appartement | De faible hauteur |
| Prix par lot | 154 210 € | Classe d’immeuble | C |
| Type de vente | Investissement | Surface du lot | 0,15 ha |
| Taux de capitalisation | 6,35 % | Surface de l’immeuble | 1 366 m² |
| Multiplicateur du loyer brut | 9.28 | Occupation moyenne | 100% |
| Nb de lots | 31 | Nb d’étages | 2 |
| Type de bien | Immeuble residentiel | Année de construction | 1963 |
| Sous-type de bien | Appartement | Ratio de stationnement | 0,18/1 000 m² |
| Prix | 4 780 512 € |
| Prix par lot | 154 210 € |
| Type de vente | Investissement |
| Taux de capitalisation | 6,35 % |
| Multiplicateur du loyer brut | 9.28 |
| Nb de lots | 31 |
| Type de bien | Immeuble residentiel |
| Sous-type de bien | Appartement |
| Style d’appartement | De faible hauteur |
| Classe d’immeuble | C |
| Surface du lot | 0,15 ha |
| Surface de l’immeuble | 1 366 m² |
| Occupation moyenne | 100% |
| Nb d’étages | 2 |
| Année de construction | 1963 |
| Ratio de stationnement | 0,18/1 000 m² |
LOT INFORMATIONS SUR LA COMBINAISON
| DESCRIPTION | NB DE LOTS | MOY. LOYER/MOIS | m² |
|---|---|---|---|
| Studios | 22 | - | 35 |
| 1+1 | 9 | - | 56 |
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Walk Score®
Idéal pour les promeneurs (93)
Transit Score®
Excellent réseau de transport en commun (87)
Bike Score®
Très praticable en vélo (74)
TAXES FONCIÈRES
| Numéro de parcelle | 5137-016-025 | Évaluation des aménagements | 987 151 € |
| Évaluation du terrain | 3 366 305 € | Évaluation totale | 4 353 456 € |
TAXES FONCIÈRES
Numéro de parcelle
5137-016-025
Évaluation du terrain
3 366 305 €
Évaluation des aménagements
987 151 €
Évaluation totale
4 353 456 €
ZONAGE
| Code de zonage | LAR4 |
| LAR4 |
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A Renovated 31-Unit with Remaining Upside | 1029 S Union Ave
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