526 Union Drive, Los Angeles, CA 90017 - Berkshire Hathaway HomeServices California Properties

526 Union Drive, Los Angeles, CA 90017

$4,750,000 Approx. USD 6 beds, 51 baths
32,001 sqft

Listing Agent


Neema Ahadian | neema@marcusmillichap.com
Lic#: 01346750
Broker: Courtesy of Marcus & Millichap

Agent Remarks

We are pleased to present 526 Union Dr, a 51-unit multifamily investment opportunity in the highly walkable Westlake neighborhood of Los Angeles, located just north of 6th St and a half-mile from Good Samaritan Hospital. The property features a unit mix of 45 singles and six one-bedrooms and is being offered at a 6.73% CAP rate and 7.42 GRM on current income, with an additional 36% rental upside achievable through interior renovations as units turn. The building is separately metered for gas and electricity and includes an on-site laundry room with four washers and four dryers under a lease with Wash. Boasting a high Walk Score of 93, the property is less than a mile from the Metro A-E Rail Lines and Metro Local Lines along 6th St, providing convenient transit options. It is also within walking distance of major retailers such as The Home Depot, Rite Aid, and McDonald's, among others along 6th St. The Westlake neighborhood offers a central location with a short commute to Downtown Los Angeles, Hollywood, and Koreatown, with nearby attractions including MacArthur Park, Echo Park, Dodger Stadium, and The Broad Museum. This offering presents an exceptional opportunity to acquire a well-positioned asset with immediate income and future value-add potential in a thriving Los Angeles submarket.

Listing Details

Property type: (Multi-Family)
Status: Active
MLS# 25517357
Price: $4,750,000
Beds: 6
Baths: 51
Built in 1926
32,001 sqft
0.18 acres
Lot size: 0.1792
County: Los Angeles
Zoning: LAR4
Parking description: None
Heating/cooling: None
Heating description: None
MLS area: C42 - Downtown L.A.

Last Updated: 4/3/2025

 Days On Market (DOM): 137

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This listing belongs to the C42 - Downtown L.A. MLS area

Lat/Long: 34.057284, -118.268267.
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DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your financial and/or tax advisor. GET PRE-APPROVED The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

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