125 Union Place Los Angeles, CA 90026
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 5.94% CAP and 10.30 GRM on current rents, $227, 778 per unit, and $373 per foot. The property presents approx. 41% rental upside with (4) VACANT 2-bdrm. units. At projected market rents, it will stabilize at a 9.53% CAP and 7.47 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.
- Property TypeMulti-Family
- NeighborhoodN/A
- CountyLos Angeles
- Taxes$0
- HOA/Condo/Coop Fees$0
- Days on Site16 Days
- MLS StatusActive
- MLS ID Number24392807
- Home Size Source Other
- Year Built1953
- Lot Size0.1707 Acres
- Full BathsN/A
- Partial BathsN/A
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General Features
- Parking Side by SideUncovered
- Parking Spaces 0
- Number of Stories 22
- Acreage 0.1707
- Security Gated Community
- Zoning LAR3
- Listing Conditions Standard
Interior Features
- Laundry Features Community
Exterior Features
- View None
Community Features
- Senior Community No
- MLS Area C42 - Downtown L.A.
- Security Features Gated Community