3475 Union Pacific Avenue
$2,100,000
1
2
4,476
4,476
$469
Listed By Compass
Description
Welcome to 3475 Union Pacific, an artist compound featuring two separate studio spaces totaling 4,476 sq ft and gated parking for five. This private compound is situated on an 8,380 sq ft lot in the vibrant, creative community of Boyle Heights. The property offers a generous building-to-land ratio for the area's standards, with 4,476 square feet across two standalone buildings on 8,276 square feet of land.The main building is a reimagined artist loft with 20-foot ceilings, gorgeous natural lighting,...Welcome to 3475 Union Pacific, an artist compound featuring two separate studio spaces totaling 4,476 sq ft and gated parking for five. This private compound is situated on an 8,380 sq ft lot in the vibrant, creative community of Boyle Heights. The property offers a generous building-to-land ratio for the area's standards, with 4,476 square feet across two standalone buildings on 8,276 square feet of land.The main building is a reimagined artist loft with 20-foot ceilings, gorgeous natural lighting, polished concrete floors, a 12-foot roll-up gate, and a custom gourmet kitchen. It also boasts a beautiful bathroom with a shower and a versatile second-story loft currently used as a sleeping space. This building has been meticulously updated with new drywall, industrial heating and air conditioning, upgraded electrical and plumbing, skylights, and separate storage and laundry rooms. The high-end renovations included new plumbing, HVAC, an alarm system, windows and doors, bathroom and light fixtures, exterior lighting, and a custom kitchen installation.The second building has also been thoroughly renovated and is currently used as a wood shop with a separate office and full bathroom. It features a new roof, upgraded electrical, concrete floors, wall-mounted mini splits, a separate office space, and a motorized roll-up door.Gated and private, this property offers immense potential for a music studio, gallery space, art studio, creative office space, woodworking studio, and much more. With its versatile layout, it is ideal for a wide range of artistic owner-users seeking an adaptable workspace. The property features two separate structures, making it a great opportunity for an owner-user to lease out one building and occupy the other.The property's power capacity ranges from 120V to 480V (2 meters), and it is located within a qualified Opportunity Zone in the East Los Angeles State Enterprise Zone. Fixed financing with 10% on SBA loans and 15% down payments is available, with rates starting in the high 5% range with most conventional lenders (for properties with 51% or more SF occupied). Additional features include a custom automatic gate, solar outdoor lights, and an electric vehicle charger.This property is designed to inspire and support your artistic endeavors with its incredible flow and dynamic energy. Don't miss this unique opportunity to own a fully renovated turnkey creative office/art studio/manufacturing space in LA, zoned M2, with a projected rent for a highly improved building like this at $2.80 PSF and a 5.8 CAP return for investors.
Listing Agent
Property Details for 3475 Union Pacific Avenue
Zoning
LAM2
StyleArchitectural
Parcel Number5190037017
Living Area4476
Source Living AreaOwner
AreaBoyle Heights (BOYH)
Lot Size Area8380
Source Lot Size AreaVendor Enhanced
LISTING UPDATED: 12/25/2024 09:16 PM
Property Details for 3475 Union Pacific Avenue
Status | Active |
---|---|
MLS # | 24-432529 |
Days on Market | 124 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Single Family |
MLS Type | Residential / Single Family Residence |
Year Built | 1942 |
Lot Size | 0.19 AC / 8,380 SF |
County | Los Angeles County |
Building Information for 3475 Union Pacific Avenue
Stories1Year Built1942Building Size-Lot Size0.19 AC / 8,380 SF
Property Information for 3475 Union Pacific Avenue
Property History for 3475 Union Pacific Avenue
Date | Event & Source | Price | Appreciation |
---|
Date | Event & Source | Price |
---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 3475 Union Pacific Avenue
Taxable ValueLand$608,634Additions$1,108,026Total$1,716,660
Tax Record2024$21,341 ($1,778 / month)
Home Facts
Total Finished SqFt3,947 SqFtAbove Grade Finished SqFt3,947 SqFtStories1Lot Size8,378 SqFtStyleLight IndustrialYear Built1942ZoningLAM2CountyLOS ANGELESAPN5190-037-017
Schools near 3475 Union Pacific Avenue
This home is within Los Angeles Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Charter - | 5 to 8 | |||
Public - | 9 to 12 | |||
Public - | 9 to 12 |
Rating | School | Distance |
---|---|---|
Lorena Street Elementary School PublicK to 5 | ||
KIPP Los Angeles College Preparatory School Charter5 to 8 | ||
Theodore Roosevelt Senior High Public9 to 12 | ||
Felicitas And Gonzalo Mendez High 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.
Similar Homes
Sorry, we can't find any similar homes at this time. Please check back later.
Similar Sold Homes
Sorry, we can't find any similar sold homes at this time. Please check back later.