250 & 260 S Union Ave | 2 Buildings | 20 Units

Property feature image
Property gallery image
Property gallery image
Property gallery image
Property gallery image
Property gallery image
Property gallery image
Property gallery image
Address: 250 & 260 S Union Ave, Los Angeles, CA 90026, USA
Created date: January 7, 2025
Date last updated: January 7, 2025

Potential ADU Opportunity

On-Site Parking With Storage

On-Site Laundry

Individually Metered For Gas & Electric

New Roof In 2023

Soft Story Retrofit Completed

Great Los Angeles Location

Short Distance To CA-101 & 110 Freeways

Short Distance To Echo Park

Nearby Shopping/Transit Access

Westlake/MacArthur Park Transit Station Nearby

Property Description

Listed By The APLA GROUP: Welcome to 250 & 260 S. Union Ave, a remarkable investment opportunity nestled in the heart of vibrant Los Angeles. These well-maintained multifamily properties offer an impressive unit mix, featuring 2 single units, 14 two-bedroom, one-bath units, and 4 one-bedroom, one-bath units, providing flexibility and broad tenant appeal. With thoughtfully upgraded infrastructure and exciting potential for additional income streams, these properties are poised for long-term growth and profitability. Maximize your returns with the potential for Accessory Dwelling Units (ADU), offering added rental opportunities. Residents will appreciate the convenience of on-site parking with storage, and dedicated laundry facilities, enhancing daily living comfort. Individual gas and electric meters further streamline utility management, ensuring operational efficiency and reduced expenses for owners. Recent enhancements reflect a commitment to modern standards, including a brand-new roofs completed in 2023 and a fully compliant soft-story retrofits, delivering both peace of mind and long-lasting value. These  properties exceptional location places tenants within moments of major transit corridors, including CA-101 and 110 freeways, and within walking distance to the Westlake/MacArthur Park Transit Station. Echo Park and an array of shopping and dining destinations are just minutes away, ensuring a dynamic urban lifestyle. Position your portfolio for success with these ideally located, fully upgraded properties that combine the best of modern amenities, income potential, and Los Angeles’ thriving real estate market. Seize this rare investment gem today!

Key Property Information

Listing Status: Available
Listing Type: Highest & best offer
Property Types: Apartment Buildings
Price: $3,600,000
No. of Units: 20
Cap Rate: 6.39%
GRM /GIM: 9.58
Year Built: 1964
Building Size: 14,080 Sq ft
Lot Size: 14,020.00 Sq ft
No. of Stories: 2
APN: 5153-010-008,010
Zoning Code: LAR3
Opportunity Zone: No
Price per unit: $180,000
Parking Spaces: 20
Property Website Click Here
Address: 250 & 260 S Union Ave, Los Angeles, CA 90026, USA

Additional contacts

Full name Phone number Email address
Mike Pesci 2138201335 [email protected]
James Antonucci 8183816601 [email protected]

Similar Properties in the Area

2027-2029 Harbor Boulevard

Costa Mesa, California
California & West + Apartment Buildings
Units: 13
Price: $5,495,000

6027 Makee Avenue

Los Angeles, California
California & West + Apartment Buildings
Units: 6
Price: $1,150,000

5754 Woodman Ave

Van Nuys, California
California & West + Apartment Buildings
Units: 6
Price: $1,650,000

Brokers

View All

Lenders

View All
popup background image