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$ 1,895,000
Est. payment /mo
New
4346 Union Pacific AVE Los Angeles, CA 90023
8,285 Sqft Lot
UPDATED:
Key Details
Property Type Condo
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
MLS Listing ID PW25126510
HOA Y/N No
Year Built 1960
Lot Size 8,285 Sqft
Property Sub-Type Apartment
Property Description
Pleased to introduce this excellent investment opportunity in a high-demand rental pocket adjacent to Boyle Heights and just 6 miles from Downtown
Los Angeles. This 9-unit multifamily property, built in 1960, features a majority of two bedroom units and offers strong in-place cash flow with a 6% cap rate on current rents, plus significant upside—up to 40% projected rental growth. Recent improvements include new asphalt and a newer copper re-pipe, reducing immediate capital expenses for new ownership. Onsite amenities include laundry facilities and a total of 9 parking spaces: 1 garage, 3 carports, and 5 open spaces. Tenants enjoy walkable access to shops, restaurants, grocery stores, and public transportation, making this a highly attractive location for long-term tenancy. Don't miss this rare opportunity to acquire a value-add asset in one of L.A.'s most consistently strong rental markets.
Los Angeles. This 9-unit multifamily property, built in 1960, features a majority of two bedroom units and offers strong in-place cash flow with a 6% cap rate on current rents, plus significant upside—up to 40% projected rental growth. Recent improvements include new asphalt and a newer copper re-pipe, reducing immediate capital expenses for new ownership. Onsite amenities include laundry facilities and a total of 9 parking spaces: 1 garage, 3 carports, and 5 open spaces. Tenants enjoy walkable access to shops, restaurants, grocery stores, and public transportation, making this a highly attractive location for long-term tenancy. Don't miss this rare opportunity to acquire a value-add asset in one of L.A.'s most consistently strong rental markets.
Location
State CA
County Los Angeles
Area Boyh - Boyle Heights
Zoning LCM1-R4*
Interior
Fireplace No
Laundry Common Area
Exterior
Garage Spaces 1.0
Carport Spaces 3
Garage Description 1.0
Pool None
Community Features Biking, Curbs, Park, Street Lights, Sidewalks
Total Parking Spaces 9
Private Pool No
Building
Story 2
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 5241016023
Energy Description 3521.0
Acceptable Financing Cash to New Loan
Listing Terms Cash to New Loan
Special Listing Condition Standard
Listed by Rick Applebaum • Morgan Skenderian • rma@morganskenderian.com