513 Union Avenue, Los Angeles

$2,295,000

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1

Bed

1

Bath

6,102

Square feet

0.21

Acres

About 513 Union Avenue

513 S Union Ave is a 12-unit Apartment Building constructed in 1922. Situated in Westlake, one of the most active areas for development in the Greater Los Angeles region, this property offers investors an opportunity to tap into the potential of one of Los Angeles' most dynamic neighborhoods. Boasting a zoning designation of LAR4, this property provides flexibility and potential for expansion, complemented by the stability and reliable financing offered by a Freddie loan with a 63% Loan-to-Value ratio until May 2026, including a nominal assumption fee of 1%. Conveniently located, residents enjoy easy access to job centers and entertainment hubs such as Downtown Los Angeles,Hollywood, and Koreatown. This strategic positioning enhances the property's appeal, offering investors a gateway to a thriving urban landscape ripe with opportunity. Additionally, the property benefits from seamless access toseveral major highways, including Interstate 10 (I-10), Interstate110 (I-110), and US Route 101 (US-101), facilitating convenient travel throughout the Greater Los Angeles area.With its strategic location, favorable financing options, and abundant growth potential, 513 S Union Ave presents an exceptional opportunity for those seeking to blend stability with long-term growth in the vibrant landscape of Los Angeles.

Features of 513 Union Avenue

MLS® # 24375585
Price $2,295,000
Bedrooms 1
Bathrooms 1.00
Square Footage 6,102
Acres 0.21
Year Built 1922
Type Residential Income
Style Bungalow
Status Active

Community Information

Address 513 Union Avenue
Area C42 - Downtown L.A.
City Los Angeles
County Los Angeles
Zip Code 90017

Amenities

Parking None
Garages None
Is Waterfront No
Has Pool No

Interior

Heating None
Cooling None
Has Basement No
Fireplace No
# of Stories 1
Stories One

Additional Information

Date Listed April 2nd, 2024
Days on Market 48
Zoning LAR4
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

AgentTaylor Avakian
OfficeTAYVAY Corporation

Listing Map

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