429 South Union Avenue

Los Angeles, CA 90017

$3,250,000
Price
—
Beds
10,782 Sq. Ft.
$301 / Sq. Ft.
10,782
Sq. Ft.
$301
per Sq. Ft.
union front
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Description

The current owner has spent the last 9 years lovingly restoring this character 1926 Spanish style residential income property. Architecturally, the property has a garden courtyard layout, providing semi-private outdoor spaces accessed off the 20 units. The units have retained their original architectural character, including original hardwood floors, 10' high ceilings, plaster walls, restored original windows with wavy glass and restored window ropes. 19 of the 20 units are approximately 530 SF each...The current owner has spent the last 9 years lovingly restoring this character 1926 Spanish style residential income property. Architecturally, the property has a garden courtyard layout, providing semi-private outdoor spaces accessed off the 20 units. The units have retained their original architectural character, including original hardwood floors, 10' high ceilings, plaster walls, restored original windows with wavy glass and restored window ropes. 19 of the 20 units are approximately 530 SF each and offer 1 bedroom and 1 full bath. The owner's unit, unit 1, is approximately 650 SF and has 1 bedroom, 1 bathroom and another room that can be used as a small bedroom or an office. 17 mini-split Fujitsu brand units provide both heating and air conditioning. The mini-split units have been replaced in the last 7 years, and some are as new as 2 years old. The owner had a platform built for each of the mini-split units so that they are not sitting directly on the roof. The property is fully gated and has a camera system and a key-card access for the residents. There are 20 tankless water heaters for the 20 units. 15 stacked washers / dryers in the building. The building was re-roofed with new rolled composition roofing and a silicon layer was added over the rolled composition roofing material, approximately 5 years ago. There are 16 hard-wired cameras with DVR on the property, and new front and back gates. Time Warner cable underground. Windows and doors have been restored. Rewired electrical, updated electrical panels, 21 total electrical meters, 20 gas meters. Sewer line is mostly updated. Plumbing is mostly updated, within the last 5 years. New backflow regulator. New main water supply line, 1.5'' copper line. 10 storage units. Repainted the exterior with elastomeric paint. Flashing sheet metal is new; all sheet metal replaced, including scuppers and downspouts. This property is for investors seeking historic charm, modern convenience, and strong rental income in a sought-after Los Angeles neighborhood. Located in the Westlake community, the property is within 3 minutes or 1.1 miles from DTLA, Southwestern Law School and The Fashion Institute. Sited between Silver Lake and Echo Park, the property is near stores, small neighborhood shops, and restaurants.
  1. Listed by Sarah N Rogers • DRE #01201812 • The Agency
  2. Listed by Luis A Segura • DRE #01305186 • The Agency

Property Details for 429 South Union Avenue

Subdivision Name
Not Applicable
Garage Spaces
.00
View
City Lights
LISTING UPDATED: 11/15/2024 07:53 PM

Property Details for 429 South Union Avenue

StatusActive
MLS #P1-18468
Days on Market131
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1926
Lot Size0.21 AC / 9,147 SF
CountyLos Angeles County

Building Information for 429 South Union Avenue

Stories2Residences-Year Built1926Building Size-Lot Size0.21 AC / 9,147 SF

Property Information for 429 South Union Avenue

Summary
Location and General Information
  • Building Area Total: 10,782.00
  • Community Features: Curbs, Sidewalks
  • City: Los Angeles
  • Country: US
  • Directions: Between West 4th and West 6th Street.
  • Area: C17 - Mid-Wilshire
  • Postal Code Plus4: 1012
  • Unparsed Address: 429 South Union Avenue, Los Angeles, CA 90017
Parking
  • Parking Features: None
Taxes and HOA Information
  • Association Fee: $.00
  • Professional Management Expense: $15,000.00
  • Tax Other Annual Assessment Amount: $677.00
Virtual Tour
  • Videos Count: 0
Property
Lot Information
  • Lot Features: Sprinklers None
  • Lot Size Acres: .21
  • Lot Size Square Feet: 9,147.00
  • Lot Size Area: 9,147.00
  • Lot Size Units: Square Feet
  • Parcel Number: 5153003010
  • Property Type: Residential Income
Property and Assessments
  • Common Walls: No Common Walls
  • Documents Count: 0
  • Property Attached: No
  • Year Built Source: Assessor
  • Senior Community: No
Utilities
  • Cooling: Central Air
  • Cooling: Yes
Interior and Exterior Features
Exterior Features
  • Fencing: Wrought Iron
  • Pool Features: None
  • Pool Private: No
  • Security Features: Smoke Detector(s), Carbon Monoxide Detector(s), Card/Code Access, Gated Community, Resident Manager
  • Spa Features: None
  • Spa: No
  • Stories Total: 2
Interior Features
  • Appliances: Free-Standing Range, Tankless Water Heater
  • Total Bathrooms: 0
  • Fireplace Features: None
  • Fireplace: No
  • Flooring: Wood
  • Heating: Central
  • Heating: Yes
  • Laundry Features: Inside
  • Living Area: 10,782.00
  • View: Yes
  • Levels: Two
Multi Family
Multi-Family Information
  • Gross Scheduled Income: $298,154.00
  • Net Operating Income: $169,586.00
  • Insurance Expense: $8,000.00
  • Number Of Buildings: 1
  • Operating Expense: $128,568.00
  • Special Listing Conditions: Standard
  • Trash Expense: $7,872.00

Property History for 429 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 429 South Union Avenue

Taxable ValueLand$1,473,941Additions$638,517Total$2,112,458
Tax Record2024$27,017 ($2,251 / month)
Home Facts
Total Finished SqFt10,782 SqFtAbove Grade Finished SqFt10,782 SqFtLot Size9,147 SqFtStyleMulti-Family Res (5+ Units)Year Built1926ZoningLAR4CountyLOS ANGELESAPN5153-003-010

Schools near 429 South Union Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Union Avenue Elementary School
Public - K to 5
John H. Liechty Middle School
Public - 6 to 8
Academic Leadership Community School
Public - 9 to 12
Contreras Learning Center-School Of Social Justice
Public - 9 to 12
Rating
School
Distance
Union Avenue Elementary School
PublicK to 5

John H. Liechty Middle School
Public6 to 8

Academic Leadership Community School
Public9 to 12

Contreras Learning Center-School Of Social Justice
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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More information about 429 South Union Avenue, Los Angeles, CA 90017

429 South Union Avenue is a multi-family home for sale in Los Angeles, CA 90017. This property was listed for sale on July 13, 2024 by The Agency, it's currently listed at $3,250,000. It has been on the market for a total of 131 days and was last sold on December 28, 2015. This listing's school district is Los Angeles Unified School District. Nearby schools include Union Avenue Elementary School, John H. Liechty Middle School and Academic Leadership Community School. 429 South Union Avenue is a 0-bed, 0-bath, 10,782 sqft multi-family home built in 1926.

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 The Agency, Sarah N Rogers, DRE #01201812; The Agency, Luis A Segura, DRE #01305186

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.