264 South Union Avenue
264 South Union Avenue
$6,000,000
3
12
11,800
11,800
$508
Description
264 s. Union presents a prime investment opportunity in the vibrant heart of Los Angeles. This newly constructed 12-unit apartment building, completed in 2024, offers a compelling prospect for savvy investors seeking a stake in the thriving Los Angeles real estate market. This contemporary gem features a mix of 8 spacious two-bedroom, one-bathroom residences and 4 cozy one-bedroom, one-bathroom units, all meticulously crafted with high-end materials, modern kitchens, and luxurious baths. Each unit...264 s. Union presents a prime investment opportunity in the vibrant heart of Los Angeles. This newly constructed 12-unit apartment building, completed in 2024, offers a compelling prospect for savvy investors seeking a stake in the thriving Los Angeles real estate market. This contemporary gem features a mix of 8 spacious two-bedroom, one-bathroom residences and 4 cozy one-bedroom, one-bathroom units, all meticulously crafted with high-end materials, modern kitchens, and luxurious baths. Each unit is equipped with its own washer and dryer and a split air conditioning system, catering to the discerning tastes of today's urban professionals. The property's underground parking with 12 parking spots accessible from the alley, adds a sought-after element of convenience, while the rooftop offers stunning panoramic views of downtown Los Angeles, including captivating skylights at night. Its strategic location, just a five-minute drive from Disney Hall, the Los Angeles Courthouse, and the Financial District, underscores its investment appeal. In an area characterized by a shortage of modern and new units, 264 S. Union stands out as a rare opportunity to own a piece of urban luxury. Furthermore, its proximity to transportation hubs, including downtown Echo Park and Silverlake, reinforces its potential for strong returns and sustained demand. The seller is willing to carry a note for qualified buyers, further enhancing the accessibility of this compelling investment opportunity. This investment property is designed to be easy to rent and manage, offering investors a promising income stream at 5% cap proforma.
- Listed by Behrouz Lavi • DRE #01482721 • Brokerage DRE #01428774 • Keller Williams Realty-Studio City • 818-235-7290
Property Details for 264 South Union Avenue
Parking Spaces Total
12
Private PoolNo
Total Units12.0
Building TypeAttached
Lot Size SourceAssessor
Living Area11800
Assessor Parcel Number5153-010-029
Property Attached YNtrue
Location
LISTING UPDATED: 02/18/2024 01:58 PM
Property Details for 264 South Union Avenue
Status | Active |
---|---|
MLS # | SR24025427 |
Days on Market | 87 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 2024 |
County | Los Angeles County |
Location
Building Information for 264 South Union Avenue
Building/Complex264 S Union AveFloor-Stories3Residences-Pet Policy-Year Built2024Building Size-
Payment Calculator
$34,439 per month
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Property Information for 264 South Union Avenue
Property History for 264 South Union Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 264 South Union Avenue
Taxable ValueLand$1,575,453Additions$105,117Total$1,680,570
Tax Record2023$20,339 ($1,695 / month)
Home Facts
Beds2Stories1Lot Size6,860 SqFtStyleSingle Family ResidenceYear Built1901ZoningLAR3CountyLOS ANGELESAPN5153-010-029
Schools near 264 South Union Avenue
This home is within Los Angeles Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Public - | 9 to 12 |
Rating | School | Distance |
---|---|---|
Union Avenue Elementary School PublicK to 5 | ||
Sal Castro Middle School Public6 to 8 | ||
Contreras Learning Center-School Of Social Justice Public9 to 12 | ||
Academic Leadership Community School Public9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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