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Listed by Rick Applebaum • Morgan Skenderian
$ 1,795,000
Est. payment /mo
Pending
4346 Union Pacific AVE Los Angeles, CA 90023
8,283 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Pending
Purchase Type For Sale
MLS Listing ID CRPW25126510
Year Built 1960
Lot Size 8,283 Sqft
Source California Regional MLS
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
Interior
Laundry Washer/Dryer - Leased, Community Facility
Exterior
Garage Spaces 9.0
Pool None
Building
Water District - Public
Others
Tax ID 5241016023
Special Listing Condition Not Applicable
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