CA > Los Angeles
Los Angeles, CA 90017,514 Union Drive
Los Angeles, CA 90017,514 Union Drive
Los Angeles, CA 90017,514 Union Drive
8
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$4,500,000
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25,720 SqFt
Active

514 Union Drive Los Angeles, CA 90017

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Disen Cai

Disen Cai

Keller Williams Peninsula Estates

+1(650) 622-2156

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Key Details

Property Type Commercial

Sub Type Other

Listing Status Active

Purchase Type For Sale

Square Footage 25,720 sqft

Price per Sqft $174

MLS Listing ID CL25517347

HOA Y/N No

Year Built 1926

Lot Size 8,406 Sqft

Acres 0.19

Property Sub-Type Other

Property Description

We are pleased to present 514 Union Dr, a 47-unit multifamily investment opportunity located in the desirable Westlake neighborhood of Los Angeles. Situated just north of 6th Street and only half a mile from Good Samaritan Hospital, the property boasts a central location that offers easy access to the region's most sought-after amenities. The building features a well-balanced unit mix of 39 singles and 8 one-bedroom apartments, offering strong rental demand in a neighborhood known for its accessibility and proximity to major employers and transit options. At the asking price, 514 Union Dr presents an attractive investment at a 7.40% CAP rate and a 7.06 GRM, based on current income, with substantial upside potential. A 27% rental increase is achievable as units turn through interior renovations, creating an opportunity for increased revenue. In addition to the immediate upside potential, there may also be further value-add opportunities, such as the possible addition of an Accessory Dwelling Unit (ADU), subject to buyer verification and applicable zoning laws. The property is separately metered for electricity and includes an onsite laundry room with four washers and dryers leased through Wash, enhancing convenience for tenants and generating additional revenue streams. With a Wal

Location

State CA

County Los Angeles

Zoning LAR4

Interior

Heating None

Cooling None

Fireplace No

Building

New Construction No

Others

Tax ID 5153006018

Bridge MLS
© 2025 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
Listed by Neema Ahadian • Marcus & Millichap

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agent

Disen Cai

Agent | License ID: 01928373

+1(650) 622-2156

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