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125 Union Pl, Los Angeles, CA 90026
$2,050,000
125 Union Pl, Los Angeles, CA 90026View this property at 125 Union Pl, Los Angeles, CA 90026
125 Union PlLos AngelesCA90026
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Property Description
125 Union Place is a 9-unit value-add property located one mile south of Echo Park Lake. Located just south of Beverly Blvd, this property is near Echo Park, Silver Lake, Koreatown, the 101 Fwy, and the 110 Fwy. Built in 1953, 125 Union consists of (6) 2-bdrm. units and (3) 1-bdrm. units. One of the 2-bdrm. units is an ADU that was built in 2022, and features wood-laminate flooring, stainless-steel appliances, and quartz countertops. 125 Union is being offered at a 5.94% CAP and 10.30 GRM on current rents, $227,778 per unit, and $373 per foot. The property presents approx. 41% rental upside with (4) VACANT 2-bdrm. units. At projected market rents, it will stabilize at a 9.53% CAP and 7.47 GRM. The property amenities include a laundry room. 125 Union is a part of a 5-property South LA portfolio, for more information please contact LA1.
Full Property Details
Full Property Details for 125 Union Pl
General
- Price: $2,050,000
- Status: Active
- Type: Multi-Family
- MLS ID: 24-392807
- Updated: 5/16/2024
- Added to Site: 16 day(s) ago
Rooms
Bathrooms
- Total Bathrooms: 9
Bedrooms
- Total Bedrooms: 15
Other Rooms
- Laundry: Community
Additional Information
- Security/Safety: Gated
- Other Features: None
Parking
- Garage Description: Side By Side, Uncovered
Location
- Area: Downtown L.A.
- County: Los Angeles
- Cross Streets: Beverly Blvd. & Union Pl.
- Driving Directions: Located just south of Beverly Blvd, 125 Union is one mile south of Echo Park Lake.
Heating & Cooling
- Cooling Type: Other
- Heating Type: Other
Structural Information
- # Buildings: 2
- Common Walls: Attached
- Stories/Levels: 2
- Square Feet: 5,489
- Sq. Ft. Source: Other
- Year Built: 1953
- Year Built Source: Vendor Enhanced
Unit Information
- Units in Complex: 9
- Unit Type: 2106, 2107
Unit 1
- Total Bathrooms: 1
- Bedrooms: 2
Unit 2
- Total Bathrooms: 1
- Bedrooms: 1
Additional Structures
- Other Structures: None
Lot Features
- Lot Size: 7434
- Lot Size Source: Other
- Alley: Yes
- Zoning: LAR3
Financial Considerations
- Price Per Sq. Ft.: $373.47
- Price Per Unit: 227778
- Assessment Year: 1953
Disclosures and Reports
- Disclosures/Reports: As Is
- APN: 5153-012-009
Listed by Compass, Max Berger
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Schools
Schools serving 125 Union Pl
School District:Los Angeles Unified School District
Rating | Name | Grades | Distance |
---|---|---|---|
150 S Burlington Ave, Los Angeles, CA 90057 | K-5 | 0.1 mi | |
1575 W 2nd St, Los Angeles, CA 90026 | 6-8 | 0.1 mi | |
1575 W 2nd St, Los Angeles, CA 90026 | 9-12 | 0.2 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 125 Union Pl
Date
Details
Price
Change
Source
5/16/2024
Listed
$2,050,000
36.67%
MLS
3/27/2018
Sold
$1,500,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 125 Union Pl
Year
Property Taxes
Change
Tax Assessment
Change
2023
$20,791
5%
$1,640,926
2%
2022
$19,856
1%
$1,608,761
2%
2021
$19,602
-1%
$1,577,227
1%
2020
$19,806
4%
$1,561,060
2%
2019
$19,044
147%
$1,530,000
170%
2018
$7,722
3%
$567,222
2%
2017
$7,527
3%
$556,101
2%
2016
$7,317
1%
$545,198
2%
2015
$7,220
-1%
$537,010
2%
2014
$7,297
—
$526,492
—
2013
$7,281
—
$524,114
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 125 Union Pl
125 Union Pl, Los Angeles, CA 90026 (MLS# 24-392807) is a Multi-Family property with units containing 15 bedrooms and 0 full bathrooms. 125 Union Pl is currently listed for $2,050,000 and was received on May 16, 2024. Want to learn more about 125 Union Pl? Do you have questions about finding other Multi-Family real estate for sale in Downtown L.A.? You can browse all Downtown L.A. real estate or contact a Coldwell Banker agent to request more information.