160 Union Place

Los Angeles, CA 90026

$1,395,000
Price
8
Beds
7
Baths
3,527 Sq. Ft.
$396 / Sq. Ft.
3,527
Sq. Ft.
$396
per Sq. Ft.

Description

In the up-and-coming area of Westlake/ Historic Filipino town adjacent, sits a mid century 7-unit apartment building on a large 11,000 plus sq. ft. lot. It's located in the City of LosAngeles in the Historic Filipino just west of DTLA in the area now going as HiFi. Property contains a unit mix of ( 6 ) one bedroom / one bathroom units and ( 1 ) two bedroom / two bathroom units. Building has great rental upside potential. The exterior has been recently painted and the frontage re-landscaped. 5 potential...In the up-and-coming area of Westlake/ Historic Filipino town adjacent, sits a mid century 7-unit apartment building on a large 11,000 plus sq. ft. lot. It's located in the City of LosAngeles in the Historic Filipino just west of DTLA in the area now going as HiFi. Property contains a unit mix of ( 6 ) one bedroom / one bathroom units and ( 1 ) two bedroom / two bathroom units. Building has great rental upside potential. The exterior has been recently painted and the frontage re-landscaped. 5 potential parking spaces in the rear can be accessed through the alley. This area is going through some great positive changes and it is an excellent opportunity. Plenty of rental upside as well as potential development opportunities on the half empty lot with rear alley access.

Listing Agent

  1. Cesar Sanchez

    Cesar Sanchez

    Listing Agent

    Compass

    DRE #01245175

    cesar.sanchez@compass.com

    P: (323)-356-6618

Property Details for 160 Union Place

Zoning
LAR3
Cross Streets
Union and 2nd Street
Parcel Number
5153013013
Total Units
7.0
Living Area
3527
Source Living Area
Vendor Enhanced
Area
Downtown L.A. (C42)
Vacancy Rate
0
LISTING UPDATED: 07/04/2024 02:34 PM

Property Details for 160 Union Place

StatusPending
MLS #24-350091
Days on Market107
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1950
Lot Size0.26 AC / 11,261 SF
CountyLos Angeles County
Buyer's Agent Compensation2.5%

Building Information for 160 Union Place

Stories2Residences-Year Built1950Building Size-Lot Size0.26 AC / 11,261 SF

Property Information for 160 Union Place

Community / Development
Community / Development
  • Number Of Units: 7
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: 7 units
Contract Info
Contract Info
  • Disclosures: LA/Owner Related
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $99,000
  • Net Operating Income: $72,000.00
  • Gross Income: $99,000
  • Cap Rate: 5.45%
  • Gross Rent Multiplier: $.00
  • Owner Pays: Gardener
  • Total Annual Expense: 27000
  • Water Expense: $1,200.00
  • Gardener Expense: $1,800
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.2585
  • Lot Size Square Feet: 11261
Parking Details
Parking Details
  • Parking Garage: None
  • Total Parking: 0
  • Parking Features: None
Interior Features
Interior Features
  • Levels: Two
  • Cooling: None
  • Cooling Type: None
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Equipment: Range/Oven, Refrigerator
  • Laundry: None
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 03-14-2024
  • Tenant Pays: Gas, Electricity
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,696.00
  • Unit Actual Rent: $1,696.00
  • Unit Projected Rent: $2,950.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,100.00
  • Unit Actual Rent: $6,596.00
  • Unit Projected Rent: $11,700.00
  • Like Units: 6
Unit Details
  • Unit Type Type: 2106, 2107
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $70,806.00
  • Assessed Improvement Percent: 25.82
  • Assessed Land Value: $203,414.00
  • Assessed Land Percent: 74.18
  • Assessed Total Value: $274,220.00

Property History for 160 Union Place

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 160 Union Place

Taxable ValueLand$207,482Additions$72,652Total$280,134
Tax Record2024$4,357 ($363 / month)
Home Facts
Total Finished SqFt3,527 SqFtAbove Grade Finished SqFt3,527 SqFtLot Size11,258 SqFtStyleMulti-Family Res (5+ Units)Year Built1950ZoningLAR3CountyLOS ANGELESAPN5153-013-013

Schools near 160 Union Place

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

Miguel Contreras Learning Complex 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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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 Compass, Cesar Sanchez, DRE #01245175

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.