125 Union Place, Los Angeles, CA 90026
Property · 2 recorded sales since 2018
Sold October 2024
Listing Agent: Max Berger (DRE #02054048) · Listing Office: Compass · Contact: 310-230-5478 · Bought with: Max Berger · Compass · MLS #24392807 · Source: CRMLS
About this property
*** 2nd $100,000 price reduction *** 125 Union Place is a 9-unit value-add property located one mile south of Echo Park Lake. Located just south of Beverly Blvd, this property is near Echo Park, Silver Lake, Koreatown, the 101 Fwy, and the 110 Fwy. Built in 1953, 125 Union consists of (6) 2-bdrm. units and (3) 1-bdrm. units. One of the 2-bdrm. units is an ADU that was built in 2022, and features wood-laminate flooring, stainless-steel appliances, and quartz countertops. 125 Union is being offered at a 6.71% CAP and 9.30 GRM on current rents, $205,556 per unit, and $337 per foot. The property presents approx. 34% rental upside with (4) VACANT 2-bdrm. units. At projected market rents, it will stabilize at a 10.27% CAP and 6.93 GRM. The property amenities include a laundry room. 125 Union is a part of a 5-property South LA portfolio, for more information please contact LA1.
Listing description from the October 2024 sale, as reported to CRMLS.
Sale history
