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SoldPrice dropSingle-Family Home

1330 S UNION Avenue

Los Angeles, CA 90015

$2,950,000
$229/sq ft
$3,100,000
Bedrooms
Studio
Bathrooms
0
Interior
12,908 sq ft
Year Built
1916

About this residence

I am pleased to offer for sale the Union Apts, a 24-unit apartment community located at 1330 South Union Avenue. Positioned just South of Pico Boulevard, the property is situated in Pico-Union. The Pico-Union submarket borders three thriving markets - Downtown Los Angeles, Koreatown and University Park. The subject property offers investors significant rental upside to the remaining units.Built in 1916, the subject property is situated on a 7,300 square foot parcel, zoned LAR1.5. The property consists of 21 singles and 3 one-bedroom / one-bath units. The property is master-metered for all utilities and is subject to Los Angeles rent control statutes. Investors will have the opportunity to implement a comprehensive interior and exterior renovation to re-position the property into a truly unique vintage community and increase rental income by an estimated 42 percent.

Property details

Status
Sold
Property type
Single-Family Home
Price per sq ft
$229/sq ft
Days on market
56 days
Listed
October 15, 2018
Year built
1916
Furnished
No
Waterfront
No
MLS number
18398744

Location & neighborhood

1330 S UNION Avenue, Los Angeles, CA 90015

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Down payment20% · $590,000
Interest rate6.50%
Loan term30 years
$20,620
per month
  • Principal & interest$14,917
  • Property taxes$4,474
  • Insurance$1,229
  • HOA / fees$0
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Listing courtesy of Marcus & Millichap · MLS 18398744. Information deemed reliable but not guaranteed; buyers should independently verify all details.

Equal Housing Opportunity. LA Condo HQ is committed to compliance with all federal, state, and local fair housing laws. We do not discriminate on the basis of race, color, religion, sex, handicap, familial status, national origin, or any other protected class. All measurements, square footage, and financial figures are approximate and provided for informational purposes only.

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