511 S Union AVE, Los Angeles, CA 90017
511 S Union AVE, Los Angeles, CA 90017
511 S Union AVE, Los Angeles, CA 90017
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Pamela Halle

Pamela Halle

+1(310) 614-7634
$3,150,000
Est. payment /mo
27 Baths
14,502 SqFt
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Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 14,502 sqft

Price per Sqft $217

MLS Listing ID 26988197

HOA Y/N No

Year Built 1923

Lot Size 9,208 Sqft

Property Description

We are pleased to present a twenty-seven (27) unit plus one (1) non-conforming unit apartment building located at 511 S Union Ave in Los Angeles, California. The subject property is located in a solid Westlake location, just north of 6th St and east of Alvarado St. Located in the heart of Westlake, this classic Spanish-style apartment building offers convenient access to Wilshire Boulevard, Beverly Boulevard, the Metro B Line, and the 101 and 110 freeways. The property features an efficient all-studio unit mix with approximately 25% rental upside, creating an attractive opportunity for investors seeking long-term growth. Additional value-add potential includes legalizing a nonconforming unit as an ADU and renting the vacant storage space for a projected $500 per month. Operational features include separate gas and electric meters, on-site laundry, one parking space, and a recently installed roof. Residents enjoy proximity to MacArthur Park, Vista Hermosa Natural Park, Lafayette Recreation Center, Grocery Outlet, Starbucks, the Grier Musser Museum, and MacArthur Park Shopping Center, among other neighborhood amenities. With significant rental upside, ADU conversion potential, and immediately rentable storage space, the property offers multiple avenues to increase income and enhance long-term value.

Location

State CA

County Los Angeles

Area C42 - Downtown L.A.

Zoning LAR4

Interior

Fireplace No

Exterior

Parking Features Uncovered

Building

Entry Level Two

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 5153004018

Special Listing Condition Standard

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Listed by Jason Tuvia Marcus & Millichap #01772495

NEARBY SCHOOL & BUSINESS

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Pamela Halle

Pamela Halle

+1(310) 614-7634

Agent License ID: DRE# 02004546

Agent License ID: DRE# 02004546

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