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    425 S Union Avenue

    Los Angeles (City), CA 90017
    • $1,600,000
    • STATUS: Active Under Contract
    • ON SITE: 532 days
    • ID#: 19472280
    Under Contract
    UPDATED: 64 min ago
    $1,600,000
    • 0
      BEDS
    • 0.21
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1921
    County:

    School Ratings & Info

    Description

    We are proud to present this value add opportunity in Koreatown. The 4 unit building sits on a larger than averaged sized LAR4 zoned lot and is located east of Alvarado and south of 3rd street. A developer has the ability to build 33 apartments, which breaks down to $50,000 per build-able unit and $181 per square foot on land. A new Buyer may be able to obtain favorable financing options.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-12-03T22:29:02.363. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Legacy 15 Real Estate Brokers. Licensed in the State of California, USA.

    www.legacy15.com/homes/96070328
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    425 S Union Avenue Los Angeles (City), CA 90017

    • Price: $1,600,000
    • Status: Active Under Contract
    • Updated: 64 min ago
    • ID#: 19472280
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.21
    Acres
    1921
    Built
    Neighborhood:
    C42 - Downtown L.A.
    County:
    Los Angeles
    Area:
    C42 - Downtown L.A.
    Property Description
    We are proud to present this value add opportunity in Koreatown. The 4 unit building sits on a larger than averaged sized LAR4 zoned lot and is located east of Alvarado and south of 3rd street. A developer has the ability to build 33 apartments, which breaks down to $50,000 per build-able unit and $181 per square foot on land. A new Buyer may be able to obtain favorable financing options.
    Exterior Features

    Lot Size Source Assessor Lot Size Units Square Feet Parking Features Assigned Parking YN Yes

    Interior Features

    Appliances Refrigerator Appliances YN Yes Heating Central Heating YN Yes

    Property Features

    Gross Income 0.00 Gross Multiplier 0.00 Gross Operating Income 44418.00 Net Operating Income 0.00 Senior Community YN No Special Listing Conditions Standard Total Expenses 0.00 Zoning Lar4

    Listing provided courtesy of David Kaufman of David Ballin Kaufman


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-12-03T22:29:02.363. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Legacy 15 Real Estate Brokers. Licensed in the State of California, USA.

     
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