3475 Union Pacific Avenue

Los Angeles, CA 90023

$2,100,000
Price
1
Beds
2
Baths
4,476 Sq. Ft.
$469 / Sq. Ft.
4,476
Sq. Ft.
$469
per Sq. Ft.

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

  1. Charlie Clark

    Charlie Clark

    Listing Agent

    Compass

    DRE #01379691

    clark.charlie@compass.com

    P: (323)-304-5276

Property Details for 3475 Union Pacific Avenue

Zoning
LAM2
Style
Architectural
Parcel Number
5190037017
Living Area
4476
Source Living Area
Owner
Area
Boyle Heights (BOYH)
Lot Size Area
8380
Source Lot Size Area
Vendor Enhanced
LISTING UPDATED: 12/25/2024 09:16 PM

Property Details for 3475 Union Pacific Avenue

StatusActive
MLS #24-432529
Days on Market124
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeSingle Family
MLS TypeResidential / Single Family Residence
Year Built1942
Lot Size0.19 AC / 8,380 SF
CountyLos 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

Community / Development
Community / Development
  • HOA: No
  • Senior Community: No
Structure Info
Structure Info
  • Building Type: Detached
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 1
  • View: Yes
  • View Description: Any
Contract Info
Contract Info
  • Disclosures: As Is
  • Listing Type: Exclusive Agency
  • Service Level: Entry Only
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1924
  • Lot Size Square Feet: 8380
  • Lot Size Dimensions: 79x106
  • Source Lot Size Dimensions: Vendor Enhanced
Parking Details
Parking Details
  • Parking Garage: Door Opener, Direct Entrance, Community Garage, Driveway Gate, Private, RV Gated, Parking for Guests, Parking for Guests - Onsite, Parking Space
  • Total Parking: 0
  • Parking Features: Garage Door Opener, Direct Garage Access, Community Structure, Private, RV Gated, Guest, Parking Space
Interior Features
Interior Features
  • Room Type: Art Studio, Bonus Room, Office, Loft, Family Room, Workshop
  • Rooms: Art Studio, Breakfast, Bonus Room, Breakfast Area, Breakfast Bar, Crafts, Den/Office, Dining Room, Dining Area, Office, Loft, Family Room, Patio Open, Separate Maids Qtrs, Workshop
  • Levels: Multi/Split
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Den: Yes
  • Family Room: 1
  • Dining Room: 1
  • Furnished: Unfurnished
  • Cooling: Central Air
  • Cooling Type: Central, Wall Unit(s)
  • Heating: Central
  • Heating Type: Central
  • Flooring: Cement
  • Equipment: Ceiling Fan, Dishwasher, Dryer, Garbage Disposal, Washer, Refrigerator
  • Interior Features: Ceiling Fan(s)
  • Common Walls: Detached/No Common Walls
  • Laundry: Room, Laundry Area, Inside
Exterior Features
Exterior Features
  • Pool: No
  • Private Pool: No
  • Pool Description: None
  • Pool Features: None
  • Spa: No
  • Spa: None
  • New Construction: No
  • Other Structures: Other, Shed(s)
Lease Terms
Lease Terms
  • Entry Date: 08-27-2024

Property History for 3475 Union Pacific 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 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

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.

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3475 Union Pacific Avenue is a single family home for sale in Los Angeles, CA 90023. This property was listed for sale on August 27, 2024 by Compass, it's currently listed at $2,100,000. It has been on the market for a total of 124 days and was last sold on November 18, 2021. This listing's school district is Los Angeles Unified School District. Nearby schools include Lorena Street Elementary School, KIPP Los Angeles College Preparatory School and Theodore Roosevelt Senior High. 3475 Union Pacific Avenue is a 1-bed, 2-bath, 4,476 sqft single family home built in 1942.

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, Charlie Clark, DRE #01379691

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.