1040 S Union Ave Los Angeles, CA 90015

$1,020,000 Sold Price as of 01/30/2019

8 Beds
4 Baths
3,872 Sq.Ft.

Off Market

$1,020,000 Sold Price as of 01/30/2019 Refinance Your Mortgage

Map preview of 1040 S Union Ave, Los Angeles, CA 90015

Property Overview: 1040 S Union Ave Los Angeles, CA has 8 bedrooms, 4 bathrooms, 3,872 living square feet and 6,246 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Home Value Compared to the Market

1040 S Union Ave is currently an off market home in the city of Los Angeles. If you are considering making a home purchase, the value you pay for your home will depend on the market you're looking to purchase in. The city of Los Angeles has a median list price of $1,200,000. The median price per/sqft for Los Angeles is $768. With those numbers in mind, if you are looking to purchase a median priced home in Los Angeles, CA and put 20% down you will need to save up $240,000 for the down payment and will need roughly $24,000 for closing costs on top of the down payment. Homeowners who are looking to sell their home could expect to pay an average of 5% (2.5% to the listing agent and 2.5% to the buyers agent) in agent commissions when it comes to selling their home. With the median sale price for a home in Los Angeles the commission could be as much as $56,000. If you're thinking of selling and want to save, contact a local Ardent Real Estate Agent today.

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Sale History for 1040 S Union Ave

Last sold for $1,020,000 on January 30th, 2019

March, 2024
Mar 14, 2024

Date

Expired

CRMLS: 23320455

$4,500,000

Price
Oct 11, 2023

Date

Active

CRMLS: 23320455

$4,500,000

Price
Listing provided courtesy of CRMLS

We are proud to exclusively present for sale a development opportunity for 40 units. Currently, there are 3 side-by-side vacant buildings on site with 11 units. Sellers have approved RTI plans to subdivide the 3 buildings into 22 units & conceptual drawings to add an additional 18 units in the rear. Start remodeling the front structures while entitling the development in the back! Have income from the front during construction of the new 18 units in the back! The property is ED1 eligible and zoned R4-1-HPOZ Tier 3. Walk Score calls this area a Walker's Paradise with Excellent Transit! Just a hop and a skip to Downtown LA, the Subway Metro Station, Crypto.com Arena, the 110 and 10 freeways and countless hospitality options. The property is adjacent to an Elementary School and close to parks. Lots of jobs in the area and a high demand for housing. Existing 11,874 SF of Structures - 18,738 SF of Land. Listing includes 3 addresses and 3 APNs: 1030 S. Union Ave. - 5137-015-012, 1036 S. Union Ave. - 5137-015-014, 1040 S. Union Ave. - 5137-015-016.

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February, 2019
Feb 11, 2019

Date

Price Change

CRMLS: R1202662

$520,000

Price
Listing provided courtesy of CRMLS

GOOD SIZE FOUR UNITS IN MID WILSHIRE AREA. CLOSE TO STAPLES CENTER, NOKIA THEATER, CONVENTION CENTERAND KOREA TOWN. STANDARD SALE, DRIVE BY ONLY. INTERIOR INSPECTION WITH ACCEPTED OFFER.

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January, 2019
Jan 30, 2019

Date

Sold (Public Records)

Public Records

$1,020,000

Price
July, 2018
Jul 16, 2018

Date

Sold (Public Records)

Public Records

$970,000

Price
June, 2018
Jun 13, 2018

Date

Canceled

CRMLS: 18347924

$1,190,000

Price
May 25, 2018

Date

Active

CRMLS: 18347924

$1,190,000

Price
Listing provided courtesy of CRMLS

One of most desired rental areas are located DTLA. Walking distance to Staples Center, Convention Center, DTLA and Korea Town. All unit is 2 bed/1 bath. HPOZ AREA ! Neighbor Units , CAN BE SOLD TOGETHER WITH 1036 S Union (3 unit) $1.19 million and 1030 S Union(5 Unit) $1.19 million ,WITH R4 Zoning. All together Lot will be 6247 SF + 6246 SF +6246 SF =18,739 SF. PLEASE SEE ATTACHED DOCS !!!!

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May, 2018
May 25, 2018

Date

Canceled

CRMLS: 17275890

$1,190,000

Price
Feb 26, 2018

Date

Active Under Contract

CRMLS: 17275890

$1,190,000

Price
Dec 29, 2017

Date

Active

CRMLS: 17275890

$1,190,000

Price
Dec 29, 2017

Date

Expired

CRMLS: 17275890

$1,190,000

Price
Dec 21, 2017

Date

Hold

CRMLS: 17275890

$1,190,000

Price
Oct 1, 2017

Date

Active

CRMLS: 17275890

$1,190,000

Price
Listing provided courtesy of CRMLS

One of most desired rental areas are located DTLA. Walking distance to Staples Center, Convention Center, DTLA and Korea Town. All unit is 2 bed/1 bath. HPOZ AREA ! Neighbor Units , CAN BE SOLD TOGETHER WITH 1036 S Union (3 unit) $1.29 million and 1030 S Union(5 Unit) $1.09 million ,WITH R4 Zoning. All together Lot will be 6247 SF + 6246 SF +6246 SF =18,739 SF. PLEASE SEE ATTACHED DOCS !!!!

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Tax History for 1040 S Union Ave

Assessed Value (2020): $1,040,400

Year	Land Value	Improved Value	Assessed Value
2020	$832,320	$208,080	$1,040,400

About 1040 S Union Ave

Detailed summary of property

1040 S Union Ave is categorized with a use code of Quadruplex (4 Units, Any Combination) in Los Angeles, CA 90015 and last sold on January 30, 2019 for $1,020,000. This property has 8 bedrooms, 4 bathrooms, roughly 3,872 living square feet, and sits on an approximately 6,246 square foot lot. Homes in Los Angeles are selling for a median price of $1,120,000 and a median price per square foot of $724. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 8.93% lower than the current median priced home. 1040 S Union Ave was last sold on January 30, 2019 for $1,020,000. Local nearby listings include 900 W Olympic Blvd #30H, 900 W Olympic Blvd #38D and 900 W Olympic Blvd #39B. The average home in Los Angeles, CA is selling in 106 days. There are currently 4052 homes for sale in the Los Angeles real estate market and 2782 of them are single family homes while 1148 of them are condos and 116 are townhomes. If you are the homeowner and looking to sell the home at 1040 S Union Ave Los Angeles, CA 90015 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 1040 S Union Ave

Public county record property details

Beds: 8
Baths: 4
Year built: 1905
Sq. Ft.: 3,872
Lot Size: 6,246
Stories: --

Type: Quadruplex (4 Units, Any Combination)
Pool: No
Spa: No
County: Los Angeles
Lot#: 16
APN: 5137-015-016

The source for these homes facts are from public records.

90015 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends

Median List Price

$745,000

Median List Price/Sq.Ft.

$704

Median Sold Price

$460,000

Median Sold Price/Sq.Ft.

$519

Total Inventory

Median Sale to List Price %

102.22%

Avg Days on Market

Loan Type

Conventional (50%), FHA (0%), VA (0%), Cash (25%), Other (0%)

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(714) 706-1823

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