$1,795,000
$100K PRICE DROP

4346 Union Pacific Ave Los Angeles, CA 90023

Estimated payment $11,358/month

Total Views 4,797
6 Beds
4 Baths
5,413 Sq Ft
$332 Price per Sq Ft

Highlights

  • No HOA
  • Park
  • Bike Trail
  • James A. Garfield Senior High School Rated A
  • Laundry Room
  • 3-minute walk to Parque de Los Suenos

About This Home

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 Agent

Rick Applebaum

Morgan Skenderian Brokerage Email: rma@morganskenderian.com License #01273871 Listed on: 06/05/2025

Co-Listing Agent

Paul Espinosa

Morgan Skenderian Brokerage Email: rma@morganskenderian.com License #01942627

Property Details

Home Type

  • Apartment

Year Built

  • Built in 1960

Lot Details

  • 8,283 Sq Ft Lot
  • No Common Walls

Parking

  • 5 Open Parking Spaces
  • 1 Car Garage
  • 3 Carport Spaces

Home Design

  • Entry on the 1st floor

Interior Spaces

  • 5,413 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Leased Washer and Dryer

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Tax Lot 305
  • Tax Tract Number 5024
  • Assessor Parcel Number 5241016023
  • $4,427 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 9 Units

Amenities

  • Laundry Facilities

Recreation

  • Park
  • Bike Trail

Building Details

  • Rent Control
  • 9 Separate Electric Meters
  • 9 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $3,521
  • Fuel Expense $3,521
  • Gardener Expense $1,800
  • Insurance Expense $5,413
  • Maintenance Expense $6,843
  • Other Expense $750
  • Trash Expense $3,521
  • Water Sewer Expense $3,521
  • New Taxes Expense $26,176
  • Operating Expense $55,068
  • Gross Income $176,376
  • Net Operating Income $116,016

Property Details

Home Type

Apartment

Year Built

Built in 1960

Lot Details

0

Parking

1

Listing Details

  • CapRate: 6.50
  • Price Per Unit: 199444
  • Property Attached: No
  • Water Sewer Expenses: 3521.00
  • Zoning: LCM1-R4*
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Gardener Expense: 1800.00
  • Parcel Number: 5241016023
  • Year Built: 1960
  • Special Features: None

Interior Features

  • Stories: 2
  • Entry Location: Street
  • Common Walls: No Common Walls
  • Entry Level: 1
  • Price Per Square Foot: 331.61

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 3.00
  • Garage Spaces: 1.00
  • Total Parking Spaces: 9.00
  • Uncovered Spaces: 5.00

Utilities

  • Laundry: Yes
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Trash Expense: 3521.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Biking, Curbs, Park, Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 6500-9999
  • Lot Size Sq Ft: 8283.00
  • Lot Size Acres: 0.1902

Multi Family

  • Electric Expense: 3521.00
  • Fuel Expense: 3521.00
  • Gross Income: 176376.00
  • Gross Multiplier: 10.18
  • Gross Operating Income: 171084.00
  • Gross Scheduled Income: 176376.00
  • Insurance Expense: 5413.00
  • Laundry Equipment Own Lease: Lease
  • Laundry Income: 4500.00
  • Lot Size Area: 8283.0000 Square Feet
  • Maintenance Expense: 6843.00
  • Maintenance Percent: 4.00
  • Net Operating Income: 116016.00
  • Number Of Separate Electric Meters: 9
  • Number Of Separate Gas Meters: 9
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 9
  • Operating Expense: 55068.00
  • Operating Expense Percent: 31.20
  • Other Expense: 750.00
  • Other Expense Description: Misc.
  • Rent Control: Yes
  • Total Expenses: 55068.00
  • Vacancy Allowance: 5291
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 26176.00
  • Tax Census Tract: 5313.02
  • Tax Lot: 305
  • Tax Tract Number: 5024
  • TaxOtherAnnualAssessmentAmount: 4427.00

Map

Range of Values:

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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
07/28/2025 07/28/25 Price Changed $1,795,000 -5.3% $332 / Sq Ft
06/05/2025 06/05/25 For Sale $1,895,000 -- $350 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW25126510

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County Los Angeles 90023

4346 Union Pacific Ave, Los Angeles, CA

This home is located at 4346 Union Pacific Ave, Los Angeles, CA 90023 and is currently priced at $1,795,000, approximately $331 per square foot. This property was built in 1960. 4346 Union Pacific Ave is a home located in Los Angeles County with nearby schools including Eastman Avenue Elementary School, Robert Louis Stevenson Middle School, and James A. Garfield Senior High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. 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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Rick Applebaum
Listing Agent
Rick Applebaum
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Morgan Skenderian
(949) 432-6954