313 North Union Avenue
313 North Union Avenue
$1,335,000
8
6
4,026
4,026
$332
Sold 1/11/23
Description
Amazing Value-Add 6 units in the trendy Echo Park area priced at only 249k/door with great current cash flow plus 69% upside in rents. Incredible Current Cap Rate of 4.7% and 14.5 GRM with upside to 9.3% cap rate and 8.6 GRM on the proforma. Now delivered with 1 vacancy for immediate upside and renovation. This building has a diverse Unit Mix consisting of 2 (2bed/1bath) and 4 (1bed/1bath). Each unit is Individually metered for Gas & Electricity. The seller has Preliminary plans to add 3 ADUs including...Amazing Value-Add 6 units in the trendy Echo Park area priced at only 249k/door with great current cash flow plus 69% upside in rents. Incredible Current Cap Rate of 4.7% and 14.5 GRM with upside to 9.3% cap rate and 8.6 GRM on the proforma. Now delivered with 1 vacancy for immediate upside and renovation. This building has a diverse Unit Mix consisting of 2 (2bed/1bath) and 4 (1bed/1bath). Each unit is Individually metered for Gas & Electricity. The seller has Preliminary plans to add 3 ADUs including 1 Attached ADU and 2 Detached ADUs for additional future upside. 313 N Union is located in one of the hottest multifamily communities in one of the strongest and sought-after rental markets in LA and is ideally located within minutes of the iconic Echo Park Lake, Historic Filipino Town, Silverlake, DTLA, and within a walking distance to many new hip neighborhood hot spots.
- Listed by Julio Ruiz • DRE #01911261 • Brokerage DRE #01911261 • Global Platinum Properties, Inc.
Property Details for 313 North Union Avenue
Zoning
LARD2
Parcel Number5159004007
Total Units6.0
Living Area4026
Source Living AreaVendor Enhanced
AreaSilver Lake (671)
Vacancy Rate3%
Lot Size Area6906
Location
LISTING UPDATED: 01/11/2023 03:56 PM
Property Details for 313 North Union Avenue
Status | Sold |
---|---|
MLS # | 22-217433 |
Days on Market | 42 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1961 |
Lot Size | 0.16 AC / 6,906 SF |
County | Los Angeles County |
Location
Building Information for 313 North Union Avenue
Stories2Residences-Year Built1961Building Size-Lot Size0.16 AC / 6,906 SF
Payment Calculator
$8,388 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 313 North Union Avenue
Property History for 313 North 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 313 North Union Avenue
Taxable ValueLand$826,200Additions$193,800Total$1,020,000
Tax Record2023$13,227 ($1,102 / month)
Home Facts
Total Finished SqFt4,026 SqFtAbove Grade Finished SqFt4,026 SqFtLot Size6,906 SqFtStyleMulti-Family Res (5+ Units)Year Built1961ZoningLARD2CountyLOS ANGELESAPN5159-004-007
Schools near 313 North Union Avenue
This home is within Los Angeles Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Charter - | K to 8 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Public - | 9 to 12 |
Rating | School | Distance |
---|---|---|
Camino Nuevo Charter Academy No. 4 CharterK to 8 | ||
Sal Castro Middle School Public6 to 8 | ||
Miguel Contreras Learning Complex School Public9 to 12 | ||
Contreras Learning Center-School Of Social Justice 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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