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    425 S Union Ave

    Los Angeles, CA 90017
    • $1,600,000
    • STATUS: Active
    • ON SITE: 464 days
    • ID#: 19-472280
    UPDATED: 28 min ago
    $1,600,000
    • 5
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,480
      SQFT
    • $460
      $/SQFT
    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.

    Monthly Payment Calculator



    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-09-26T11:42:36.897. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
    www.randyplaice.com/homes/96065576
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    425 S Union Ave Los Angeles, CA 90017

    • Price: $1,600,000
    • Status: Active
    • Updated: 28 min ago
    • ID#: 19-472280
    5
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    3,480
    SQFT
    $460
    $/SQFT
    1921
    Built
    Neighborhood:
    Downtown L.A.
    County:
    Los Angeles
    Area:
    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 Area 9140 Other Structures None Parking Garage Assigned Total Parking 4

    Interior Features

    Baths Total 5.00 Cooling Wall Unit(S) Equipment Refrigerator Heating Central

    Property Features

    Gross Income 0 Gross Operating Income 44418 Like Units1 1 Like Units2 1 Like Units3 1 Like Units4 1 Net Operating Income 0.00 Number Of Buildings 1 Number Of Units 4 Sale Type Standard Source Living Area Assessor Source Lot Size Area Assessor Total Annual Expense 0 Type Of Units Apartment Year Built Source Assessor Zoning Lar4

    Listing provided courtesy of David Kaufman DRE#01217537 of David Ballin Kaufman.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-09-26T11:42:36.897. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
     
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    Randy Plaice and Associates | RE/MAX
    27720 Dickason Drive
    Valencia CA, 91355