4346 Union Pacific Avenue, Los Angeles, CA 90023

About this property

Pleased to introduce this excellent investment opportunity in a high-demand rental pocket adjacent to Boyle Heights and just 6 miles from Downtown Los Angeles. This 9-unit multifamily property, built in 1960, features a majority of two bedroom units and offers strong in-place cash flow with a 6.5% cap rate on current rents, plus significant upside—up to 44% projected rental growth. Recent improvements include new asphalt and a newer copper re-pipe, reducing immediate capital expenses for new ownership. Onsite amenities include laundry facilities and a total of 9 parking spaces: 1 garage, 3 carports, and 5 open spaces. Tenants enjoy walkable access to shops, restaurants, grocery stores, and public transportation, making this a highly attractive location for long-term tenancy. Don’t miss this rare opportunity to acquire a value-add asset in one of L.A.'s most consistently strong rental markets.

Listing description from the November 2025 sale, as reported to CRMLS.

Sale history

$1,700,000

Sold November 2025 · listed $1,795,000, orig. $1,895,000, on market June 2025 · MLS #PW25126510 · Source: CRMLS

Listing Agent: Rick Applebaum · Listing Office: Morgan Skenderian · Contact: rma@morganskenderian.com · Bought with: Araceli Tacuba · JohnHart Corp

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