1137 South Union Avenue

Los Angeles, CA 90015

$950,000
Price
4
Beds
4
Baths
2,418 Sq. Ft.
$393 / Sq. Ft.
2,418
Sq. Ft.
$393
per Sq. Ft.

Description

Welcome to a fantastic investment opportunity in the vibrant Pico/Union area fourplex with a 5% cap rate! This property is perfectly situated just steps away from L. A. Live, shops, galleries, restaurants, transportation, schools, and the LA Red Shield Community Center. Each of the four units features a 1-bedroom, 1-bathroom apartment, with several units recently renovated, adding to the property's appeal and potential. This fourplex offers a great addition to any investment portfolio, located in...Welcome to a fantastic investment opportunity in the vibrant Pico/Union area fourplex with a 5% cap rate! This property is perfectly situated just steps away from L. A. Live, shops, galleries, restaurants, transportation, schools, and the LA Red Shield Community Center. Each of the four units features a 1-bedroom, 1-bathroom apartment, with several units recently renovated, adding to the property's appeal and potential. This fourplex offers a great addition to any investment portfolio, located in a dynamic and thriving community with excellent growth potential. Don't miss out on owning in one of Los Angeles' most exciting neighborhoods!
  1. Listed by Dante Peter Tantiado • DRE #01355998 • Brokerage DRE #01022898 • Nelson Shelton & Associates

Property Details for 1137 South Union Avenue

Zoning
LARD1.5
Style
Traditional
Accessibility Features
None
Parcel Number
5137026018
Total Units
4.0
Living Area
2418
Source Living Area
Vendor Enhanced
Area
Downtown L.A. (C42)
LISTING UPDATED: 10/02/2024 12:01 AM

Property Details for 1137 South Union Avenue

StatusActive
MLS #24-444017
Days on Market59
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1905
Lot Size0.05 AC / 2,050 SF
CountyLos Angeles County

Building Information for 1137 South Union Avenue

Stories2Residences-Year Built1905Building Size-Lot Size0.05 AC / 2,050 SF

Property Information for 1137 South Union Avenue

Community / Development
Community / Development
  • Number Of Units: 4
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: 4PLEX
  • View: Yes
  • View Description: City Lights, City
  • View: City Lights
  • Direction Faces: East
  • Property Condition: Updated/Remodeled
  • Water: In Street
  • Sewer: In Street
  • Water Heater Features: Gas
Contract Info
Contract Info
  • Financing: Cash To New Loan, Cash
  • Disclosures: As Is, Rent Control
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $66,720
  • Net Operating Income: $47,964.00
  • Gross Income: $66,720
  • Cap Rate: 5.05%
  • Gross Rent Multiplier: $14.00
  • Actual Annual Gross Rent: $66,720.00
  • Lease Per Month Year: Month, Year
  • Total Annual Expense: 18756
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.0471
  • Lot Size Square Feet: 2050
Parking Details
Parking Details
  • Parking Garage: None
  • Total Parking: 0
  • Parking Features: None
Interior Features
Interior Features
  • Levels: Two
  • Cooling Type: Other
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structural Features: Balcony
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 09-24-2024
  • Rent Control: Yes
  • Rent Control: 100
  • Tenant Pays: Gas, Electricity
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,740.00
  • Unit Actual Rent: $1,740.00
  • Unit Projected Rent: $2,200.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,740.00
  • Unit Actual Rent: $1,740.00
  • Unit Projected Rent: $2,200.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,040.00
  • Unit Actual Rent: $1,040.00
  • Unit Projected Rent: $2,200.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,040.00
  • Unit Actual Rent: $1,040.00
  • Unit Projected Rent: $2,200.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $561,000.00
  • Assessed Improvement Percent: 64.71
  • Assessed Land Value: $306,000.00
  • Assessed Land Percent: 35.29
  • Assessed Total Value: $867,000.00

Property History for 1137 South Union Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1137 South Union Avenue

Taxable ValueLand$312,120Additions$572,220Total$884,340
Tax Record2024$10,977 ($915 / month)
Home Facts
Total Finished SqFt2,418 SqFtAbove Grade Finished SqFt2,418 SqFtLot Size2,050 SqFtStyleQuadraplexYear Built1905ZoningLARD1.5CountyLOS ANGELESAPN5137-026-018

Schools near 1137 South Union Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - 1 to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Tenth Street Elementary School
Public1 to 5

John H. Liechty Middle School
Public6 to 8

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.

Similar Homes

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1137 South Union Avenue is a multi-family home for sale in Los Angeles, CA 90015. This property was listed for sale on September 24, 2024 by Nelson Shelton & Associates, it's currently listed at $950,000. It has been on the market for a total of 59 days and was last sold on June 2, 2022. This listing's school district is Los Angeles Unified School District. Nearby schools include Tenth Street Elementary School, John H. Liechty Middle School and Contreras Learning Center-School Of Social Justice. 1137 South Union Avenue is a 4-bed, 4-bath, 2,418 sqft multi-family home built in 1905.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Nelson Shelton & Associates, Dante Peter Tantiado, DRE #01355998

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.