513 S Union Ave, Los Angeles, CA 90017

$2,295,000
12
BD
12
BA
6,102
SqFt
List Price
$2,295,000
MLS#
24-375585
Year Built
1922
Bedrooms
12
Bathrooms
12
Living Sq. Ft
6,102
Lot Size
9,235
Days on Market
18
Property Type
Multifamily
Style
Bungalow
Stories
1

Property Description

513 S Union Ave is a 12-unit Apartment Building constructed in 1922. Situated in Westlake, one of the most active areas for development in the Greater Los Angeles region, this property offers investors an opportunity to tap into the potential of one of Los Angeles' most dynamic neighborhoods. Boasting a zoning designation of LAR4, this property provides flexibility and potential for expansion, complemented by the stability and reliable financing offered by a Freddie loan with a 63% Loan-to-Value ratio until May 2026, including a nominal assumption fee of 1%. Conveniently located, residents enjoy easy access to job centers and entertainment hubs such as Downtown Los Angeles,Hollywood, and Koreatown. This strategic positioning enhances the property's appeal, offering investors a gateway to a thriving urban landscape ripe with opportunity. Additionally, the property benefits from seamless access toseveral major highways, including Interstate 10 (I-10), Interstate110 (I-110), and US Route 101 (US-101), facilitating convenient travel throughout the Greater Los Angeles area.With its strategic location, favorable financing options, and abundant growth potential, 513 S Union Ave presents an exceptional opportunity for those seeking to blend stability with long-term growth in the vibrant landscape of Los Angeles.

Additional Information

Other Buildings
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Heat
None
Cooling
None
Number of Cars in Garage
None

Mortgage Calculator

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Courtesy of TAYVAY Corporation, Taylor Avakian - CA DRE#02060040

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