125 Union Place, Los Angeles
Los Angeles Home For Sale
*** 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.
Property Details
Additional Information
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- City:
- Los Angeles
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- County:
- Los Angeles
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- Zip:
- 90026
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- MLS® #:
- 24392807
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- Bedrooms:
- 3
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- Bathrooms:
- 2
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- Square Ft:
- 5,489
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- Lot Size:
- 0.17
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- Levels:
- Two
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- HOA Dues:
- $
Price Change History for 125 Union Place, Los Angeles, (MLS® #24392807)
| Date | Details | Price | Change |
|---|---|---|---|
| Price Reduced | $1,850,000 | $100,000 (5.13%) | |
| Price Reduced (from $2,050,000) | $1,950,000 | $100,000 (4.88%) |
Based on information from California Regional Multiple Listing Service, Inc. as of August 16th, 2024 at 12:40am PDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.