4346 Union Pacific Avenue Active Save Request In-Person Tour Request Virtual Tour
Los Angeles,CA 90023
Key Details
Property Type Single Family Home
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Square Footage 5,413 sqft
Price per Sqft $331
MLS Listing ID PW-25126510
Year Built 1960
Lot Size 8,283 Sqft
Property Sub-Type Apartment
Property Description
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.
Location
State CA
County Los Angeles
Area Boyh - Boyle Heights
Zoning LCM1-R4*
Interior
Laundry Community
Exterior
Parking Features Gated
Garage Spaces 1.0
Pool None
Community Features Biking,Curbs,Park,Sidewalks,Street Lights
Building
Lot Description Lot 6500-9999
Sewer Public Sewer