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125 Union Pl
Los Angeles CA 90026 US

$1,850,000

Pending Listing ID 24-392807
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15 bed
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Other

$1,850,000

Pending Listing ID 24-392807
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125 Union Pl *** 2nd $100, 000 price reduction *** 125 Union Place is a 9-unit value-add property located one mile south of Echo Park Lake. Located just south of Beverly Blvd, this property is near Echo Park, Silver Lake, Koreatown, the 101 Fwy, and the 110 Fwy. Built in 1953, 125 Union consists of (6) 2-bdrm. units and (3) 1-bdrm. units. One of the 2-bdrm. units is an ADU that was built in 2022, and features wood-laminate flooring, stainless-steel appliances, and quartz countertops. 125 Union is being offered at a 6.71% CAP and 9.30 GRM on current rents, $205, 556 per unit, and $337 per foot. The property presents approx. 34% rental upside with (4) VACANT 2-bdrm. units. At projected market rents, it will stabilize at a 10.27% CAP and 6.93 GRM. The property amenities include a laundry room. 125 Union is a part of a 5-property South LA portfolio, for more information please contact LA1.

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Property Features

  • Facts
  • Property Type: Residential Multi Family
  • Property Sub-type: Other

Property

  • propertytype: Residential Multi Family
  • propertysubtype: Other
  • listprice: 1850000
  • unparsedaddress: 125 Union Pl
  • postalcity: Los Angeles
  • stateorprovince: CA
  • country: US
  • postalcode: 90026
  • bathroomsfull: 0
  • bathroomshalf: 0
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeunits: Acres
  • livingarea: 5489
  • livingareaunits: Square Feet
  • listagentfullname: Max Berger
  • listagentemail: max@kennystevensteam.com
  • listagentkey: 3yd-CLAWCA-C135509
  • listagentmlsid: C135509
  • listagentpreferredphone: 3102305478
  • listagentofficephone: 3102305478
  • listofficekey: 3yd-CLAWCA-X81461
  • listofficemlsid: X81461
  • disclaimer: Copyright © 2024 TheMLSCLAW. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
  • sourcesystemid: CLAWCA
  • yearbuilt: 1953
  • listingcontractdate: 2024-05-16
  • listagenturl: https://www.compass.com/
  • countyorparish: Los Angeles
  • parcelnumber: 5153-012-009
  • numberofunitstotal: 9
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 2
  • parkingtotal: 0
  • parkingfeatures: Side by Side
  • waterfrontyn: False
  • architecturalstyle: Other
  • rooms: Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
  • dock: False
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: True
  • internetconsumercommentyn: True
  • customfields: {"AdditionalInformation":{}, "AlternatePrices":[], "BrokerName":"Compass", "BuilderEmail":null, "BuilderFax":null, "BuilderPhone":null, "City":null, "Country":null, "Expenses":[], "GeocodeOptions":null, "LeadRoutingEmail":"max@kennystevensteam.com", "ListBrokerageCity":"Los Angeles", "ListBrokerageCountry":"US", "ListBrokerageEmail":null, "ListBrokerageLogoUrl":null, "ListBrokerageName":"Compass", "ListBrokeragePhone":null, "ListBrokeragePostalCode":"90212", "ListBrokerageStateOrProvince":"CA", "ListBrokerageUnitNumber":null, "ListBrokerageUnparsedAddress":"9454 Wilshire Blvd. #400", "ListBrokerageWebsiteUrl":"https://www.compass.com/", "ListOfficeAddress1":"9454 Wilshire Blvd.", "ListOfficeAddress2":"Suite 400", "ListOfficeBrokerMlsId":"X71023", "ListOfficeCity":"Beverly Hills", "ListOfficeCountry":"US", "ListOfficeEmail":null, "ListOfficePostalCode":"90212", "ListOfficeStateOrProvince":"CA", "ListPriceCurrencyType":"USD", "ListingTitle":"Residential Income - Los Angeles, CA", "ListingURL":"https://www.realtor.com/realestateandhomes-detail/125-Union-Pl_Los-Angeles_CA_90026_M29440-76518?f=listhub&s=CLAWCA-24&m=392807&c=rexren", "MLSModificationTimestamp":"2024-08-21T14:40:35Z", "Neighborhoods":[], "PostalCode":null, "RoomCount":null, "StateOrProvince":null, "Taxes":[], "UnitNumber":null, "UnparsedAddress":null}
Listing Changed: 10/22/2024 4:30:48 PM GMT
Source Updated Date: 11/21/2024 7:02:54 AM GMT

Courtesy of: Max Berger, Compass, max@kennystevensteam.com

Copyright © 2024 TheMLSCLAW. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.