$1,950,000 Price Analysis   ♡   Los Angeles, CA 90026 15 bed 9 bath 5,489 SqFt ($355/SqFt) 7,434SqFt lot. Built 1953 Listed 2024-05-16, Taxes $19,856 | Ⓧ USDA Ineligible due to price & location near Los Angeles |
$100
000 price reduction 125 Union Place is a 9-unit value-add prp erty located one mile south of Echo Park Lake. Located 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 6.31% CAP and 9.80 GRM on current rents, $216, 667 per unit and $355 per foot. The property presents approx. 34% rental upside with (4) VACANT 2-bdrm. units. At projected market rents, it will stabilize at a 9.68% CAP and 7.31 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.
Presented by Max Berger at
COMPASS.
Property MLS #24-392807 from TheMLSCLAW
Full Bathrooms: 9
Laundry Features: Community
Lot Size Square Feet: 7434
Calculated Total Monthly Association Fees: 0
Number of Units: 9
Unit Features: 1 BedsTotal: 2, 1 BathsTotal: 1, 1 SquareFeet: 15570, 2 BedsTotal: 1, 2 BathsTotal: 1, 2 SquareFeet: 6585
County: Los Angeles
Cross Street: Beverly Blvd. & Union Pl.
Cap Rate: 6.31
Directions: Located just south of Beverly Blvd, 125 Union is one mile south of Echo Park Lake.
Source Property Type: Residential Income
Area: Downtown L.A.
Source Neighborhood: Downtown L.A.
Parcel Number: 5153-012-009
Postal Code Plus 4: 5729
Zoning: LAR3
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $428,880 + $1,179,421 $1,608,301 | $19,856 |
| 2021 | $420,471 + $1,156,296 $1,576,767 | $19,601 |
| 2020 | $416,160 + $1,144,440 $1,560,600 | $19,806 |
| 2019 | $408,000 + $1,122,000 $1,530,000 | $19,044 |
| 2018 | $170,165 + $397,057 $567,222 | $7,721 |
| 2017 | $166,829 + $389,272 $556,101 | $7,526 |
| 2016 | $163,558 + $381,640 $545,198 | $7,317 |
| 2015 | $161,102 + $375,908 $537,010 | $7,220 |
| 2014 | $157,947 + $368,545 $526,492 | $7,296 |
| 2013 | $157,234 + $366,880 $524,114 | $7,281 |
| 2012 | $154,151 + $359,687 $513,838 | $7,373 |
| 2010 | $151,129 + $352,635 $503,764 | $3,877 |
| 2009 | $150,000 + $500,000 $650,000 | $8,721 |
| 2009 | $97,157 + $144,522 $241,679 | $8,721 |
| 2008 | $95,479 + $142,026 $237,505 | $3,615 |
| 2007 | $93,607 + $139,242 $232,849 | $3,491 |
$1,950,000
TheMLSCLAW
Listed 2024-05-16
$2,050,000
TheMLSCLAW
Sold 2018-05-30
$1,500,000
CRMLS
Relisted 2018-05-06
$1,595,000
CRMLS
Listing removed 2018-04-06
$1,595,000
CRMLS
Relisted 2018-02-08
$1,595,000
CRMLS
Listing removed 2018-01-22
$1,795,000
CRMLS
Price Changed 2017-10-09
$1,795,000
CRMLS
Listed 2017-09-26
$1,900,000
CRMLS
Listing removed 2002-10-26
$525,000
ITECH
Listed 2002-04-25
$525,000
ITECH
Sold 1998-11-12
$199,000
ITECH
Listed 1998-08-21
$199,000
ITECH
Year Built: 1953
Common Walls: Attached
Levels: Two Level
Property Age: 71
Levels or Stories: 2
Building Total Stories: 2
Year Built Source: Vendor Enhanced
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.