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Listed by Rick Applebaum • Morgan Skenderian
$ 1,795,000
Est. payment /mo
Price Dropped by $100K
4346 Union Pacific Avenue Los Angeles, CA 90023
5,413 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Square Footage 5,413 sqft
Price per Sqft $331
MLS Listing ID PW-25126510
Year Built 1960
Lot Size 8,283 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 6.5% cap rate on current rents, plus significant upside--up to 44% 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
Laundry Community
Exterior
Parking Features Gated
Garage Spaces 1.0
Pool None
Community Features Biking, Curbs, Park, Sidewalks, Street Lights
Building
Lot Description Lot 6500-9999
Sewer Public Sewer
Nicole Van Parys & Gary Nesen
License Partners, Private Office Advisors | License ID: 01108944