309 N Union Ave, Los Angeles, CA 90026
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309 N Union Ave Los Angeles, CA 90026

$3,495,000
  • 18 Beds
  • 15 Baths
  • 6,655 Sq.Ft.
For Sale
$3,495,000 Get Pre-Qualified

Map preview of 309 N Union Ave, Los Angeles, CA 90026

Property Overview: 309 N Union Ave Los Angeles, CA has 18 bedrooms, 15 bathrooms, 6,655 living square feet and 6,909 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: Presenting a BRAND NEW 2024 CONSTRUCTION multi-family 5 Unit investment property that will produce great passive income. Embrace an extraordinary opportunity to own a state-of-the-art 5 Unit property centrally located between Echo park and Westlake. Total 18 beds + 15 baths, great mix, promising a truly luxurious living experience. Each unit offers an array of upscale features, including massive windows, sliding doors, beautiful flooring, recessed lighting, central AC and heating for optimal comfort, and private laundry for each unit. Built-ins and ample storage space are thoughtfully integrated, catering to all your organizational needs. The elegant kitchens are adorned with sleek countertops, top-of-the-line stainless steel appliances, and meticulously crafted cabinets, offering a perfect setting for culinary enthusiasts. Bathrooms feature beautiful flooring, adding to the overall allure of these well-appointed spaces. Each bedroom is generously proportioned and filled with natural light, creating an inviting and relaxing retreat for all tenants. This property is perfectly situated nearby vibrant neighborhoods of Echo park, Silverlake, Westlake, Filipino town and Downtown LA, offering an array of entertainment, dining, and shopping options just a stone's throw away. Each unit is individually metered for water, gas & electricity to ensure minimal expenses and a high return. Poforma 12.9 GRM and 5.9 Cap rate. This is your chance to own a cutting-edge Five-Plex building that combines modern luxury, convenience, and captivating views in one of the most prime locations. Easy to show.

Listed by Eliza Kerndian | BRE #01398836 | Keller Williams Realty Westside
Co-listed by Mona Kerendian | BRE #01758802 | Keller Williams Realty Westside
Last checked: 2 minutes ago | Last updated: August 25th, 2024 | Source CRMLS | DOM: 32

Home details

Lot Sq. Ft
6,909
HOA Dues
$0/mo
Year built
2024
Garage
--
Property Type:
Multi Family
Status
Active
MLS#
24428049
City
Los Angeles
County
Los Angeles
Time on Site
34 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 5
  • Total # of Buildings: 3
  • # of Electric Meters: 5
  • # of Gas Meters: 5
  • # of Water Meters: 5
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 4
  • # of Baths: 4
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $4,999
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 4
  • # of Baths: 3
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $4,750
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $2,995
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 4
  • # of Baths: 4
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $4,999
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 4
  • # of Baths: 3
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $4,750
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 5.9%
  • Gross Rent Multiplier: 12.9
  • Gross Scheduled Income: --
  • Net Operating Income: $203,382
  • Gross Operating Income: $271,178
Annual Expense Breakdown
  • Total Operating Expense: --

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Property Details for 309 N Union Ave

Interior Features
Cooling Information
  • Has Cooling
  • Central Air
Heating Information
  • Has Heating
  • Central
Laundry Information
  • Has Laundry
  • Washer Included, Dryer Included, Stackable
Kitchen Information
  • Has Appliances
  • Dishwasher, Disposal, Microwave
Interior Features
  • Levels: Multi/Split, One
  • Security Features: Carbon Monoxide Detector(s), Gated Community, Fire Sprinkler System, Smoke Detector(s)
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 6
  • Has Parking
  • Parking Features: Assigned, Carport
Property Information
  • Has View
  • View: City Lights
  • Total # of Units: 5
  • Parcel Number: 5159004005
  • Year Built Source: Builder
  • Architectural Style: Contemporary
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: North of Beverly Blvd & Court, South of Temple and 101 Freeway. East of Alvarado West of 110 Freeway.
View more facts & features

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Sale History for 309 N Union Ave

Last sold on August 17th, 2020
  • August, 2024

  • Aug 15, 2024

    Date

    Active

    CRMLS: 24428049

    $3,495,000

    Price

  • August, 2020

  • Aug 17, 2020

    Date

    Sold (Public Records)

    Public Records

    --

    Price

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Tax History for 309 N Union Ave

Assessed Value (2020): $55,977
Year Land Value Improved Value Assessed Value
2020 $32,924 $23,053 $55,977

Home Value Compared to the Market

This property vs the competition

309 N Union Ave is listed 191.25% higher than the median list price for the city of Los Angeles which has a median list price of $1,200,000. The median price per/sqft for Los Angeles is $768 and this home is listed at $525.17 per/sqft which puts the price per square foot 31.62% lower than the median price per square foot for the city of Los Angeles.

About 309 N Union Ave

Detailed summary of property

309 N Union Ave is a multi family located in Los Angeles, CA 90026 and is currently for sale. This multi family property offers 18 bedrooms, 15 bathrooms, roughly 6,655 living square feet, and sits on an approximately 6,909 square foot lot. 309 N Union Ave was first listed on ArdentRealEstateGroup.com on August 15, 2024. The homeowner is currently asking $3,495,000. The median priced home in Los Angeles is $1,200,000 with a median price per square foot of $768. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 191.25% higher than the median priced home. Local competing homes currently for sale include 211 S Hoover St, 811 Kodak Dr and 132 S Westmoreland Ave. While the average home in Los Angeles, CA is selling in 106 days, 309 N Union Ave has a days on market of 32 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. For more information on this home for sale at 309 N Union Ave Los Angeles, CA 90026 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 309 N Union Ave

Public county record property details
Beds
3
Baths
1
Year built
1885
Sq. Ft.
1,962
Lot Size
6,906
Stories
--
Type
Single Family Residential
Pool
No
Spa
No
County
Los Angeles
Lot#
6
APN
5159-004-005

The source for these homes facts are from public records.

90026 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,225,000
Median List Price/Sq.Ft.
$787
Median Sold Price
$1,217,000
Median Sold Price/Sq.Ft.
$985
Total Inventory
77
Median Sale to List Price %
101.5%
Avg Days on Market
33
Loan Type
Conventional (22.22%), FHA (0%), VA (0%), Cash (11.11%), Other (0%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.