NOT LISTED FOR SALE

1330 S Union Ave Los Angeles, CA 90015

Pico-Union Neighborhood
-- Bed
-- Bath
12,908 Sq Ft
7,300 Sq Ft Lot

Last Sold January 30, 2019

Last sale price $2,950,000 $229 Per Sq Ft

56 Days on Market

About This Home

As of January 2019

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.

Last Agent to Sell the Property

Sean Rosenzweig

Marcus & Millichap License #01406343 Listed on: 10/15/2018

Last Buyer's Agent

Sean Rosenzweig

Marcus & Millichap License #01406343 Listed on: 10/15/2018

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1916

Lot Details

  • 7,300 Sq Ft Lot

Interior Spaces

  • 12,908 Sq Ft Home
  • 3-Story Property

Community Details

  • 24 Units

Listing and Financial Details

  • Assessor Parcel Number 5135-022-022

Property Details

Home Type

Multi-Family

Year Built

Built in 1916

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 12908
  • Stories: 3
  • Year Built: 1916
  • Number Of Photos: 6
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Dining Room: 0
  • Family Room: 0
  • Den: 0
  • Price Per S Q F T: 240.16

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No

Lot Info

  • Assessed Improvement Value: 470543
  • Assessed Land Value: 388380
  • Assessor Parcel Number: 5135-022-022
  • Geocode Override: No
  • Lot Size Area: 7300

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 12.96
  • Number Of Units: 24
  • Total Annual Expense: 119853
  • Type Of Units: residential
  • Vacancy Rate: 0%

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/30/2019 01/30/19 Sold $2,950,000 -4.8% $229 / Sq Ft
12/10/2018 12/10/18 Pending -- -- --
10/15/2018 10/15/18 For Sale $3,100,000 -- $240 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Sean Rosenzweig

    Seller's Agent in 2019

    Sean Rosenzweig

    Marcus & Millichap

    (213) 943-1800

    5 in this area

    68 Total Sales

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Map

Source: The MLS

MLS Number: 18-398744

The MLS

California Los Angeles County Los Angeles 90015 Pico-Union

1330 S Union Ave, Los Angeles, CA

This home is located at 1330 S Union Ave, Los Angeles, CA 90015 since 15 October 2018. This property was built in 1916. 1330 S Union Ave is a home located in Los Angeles County with nearby schools including Magnolia Avenue Elementary School, John H. Liechty Middle School, and Belmont High School.

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