Search
425 S Union Ave, Los Angeles, CA 90017
View Photos

425 S Union Ave Los Angeles, CA 90017

$1,450,000 Sold Price as of 12/18/2020
  • 4 Beds
  • 4 Baths
  • 3,480 Sq.Ft.
Sold
$1,450,000 Sold Price as of 12/18/2020 Refinance Your Mortgage
Map preview of 425 S Union Ave, Los Angeles, CA 90017

Property Overview: 425 S Union Ave Los Angeles, CA has 4 bedrooms, 4 bathrooms, 3,480 living square feet and 9,140 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: We are proud to present this value add opportunity in Koreatown. The 4 unit building sits on a larger than averaged sized LAR4 zoned lot and is located east of Alvarado and south of 3rd street. A developer has the ability to build 33 apartments, which breaks down to $50,000 per build-able unit and $181 per square foot on land. A new Buyer may be able to obtain favorable financing options.

Listed by David Kaufman | BRE #01217537 | David Ballin Kaufman
Last checked: 12 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 503

Home details

Lot Sq. Ft
9,140
HOA Dues
$0/mo
Year built
1921
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
19472280
City
Los Angeles
County
Los Angeles
Time on Site
1220 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,168
  • Total Rent: $1,168
  • Pro Forma/Market Rent: $1,750
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $775
  • Total Rent: $775
  • Pro Forma/Market Rent: $1,750
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $726
  • Total Rent: $726
  • Pro Forma/Market Rent: $1,750
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,147
  • Total Rent: $1,147
  • Pro Forma/Market Rent: $1,750
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 0
  • Gross Scheduled Income: --
  • Net Operating Income: $0
  • Gross Operating Income: $44,418
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 425 S Union Ave

Interior Features
Heating Information
  • Has Heating
  • Central
Kitchen Information
  • Has Appliances
  • Refrigerator
Lot Details / Garage and Parking
Parking/Garage Information
  • Has Parking
  • Parking Features: Assigned
Lot Information
  • Lot Size Source: Assessor
Property Information
  • Total # of Units: 4
  • Parcel Number: 5153003011
Location / Neighborhood
Location Information
  • Directions: East of Alvarado Street, south of 3rd Street.
View more facts & features

Local Los Angeles Agent

Sale History for 425 S Union Ave

Last sold for $1,450,000 on December 18th, 2020

  • December, 2020

  • Dec 18, 2020

    Date

    Sold

    CRMLS: 19472280

    $1,450,000

    Price

  • Nov 4, 2020

    Date

    Active Under Contract

    CRMLS: 19472280

    $1,600,000

    Price

  • Nov 26, 2019

    Date

    Price Change

    CRMLS: 19472280

    $1,600,000

    Price

  • Jun 19, 2019

    Date

    Active

    CRMLS: 19472280

    $1,650,000

    Price

  • December, 2020

  • Dec 18, 2020

    Date

    Sold (Public Records)

    Public Records

    $1,450,000

    Price

  • March, 2019

  • Mar 14, 2019

    Date

    Expired

    CRMLS: 18364522

    $2,100,000

    Price

  • Sep 12, 2018

    Date

    Price Change

    CRMLS: 18364522

    $2,100,000

    Price

  • Jul 14, 2018

    Date

    Active

    CRMLS: 18364522

    $2,400,000

    Price

  • Listing provided courtesy of CRMLS

    Price Change! This is a five (5) unit multifamily investment opportunity located in the Westlake/MacArthur Park submarket of Los Angeles. This income generating property composed of four (4) 1 bedroom/1 bathroom units, and one (1) studio. This property is in the process of entitlement for a 33-unit, 6-story new construction complex. This project is taking advantage of the Transit Oriented Communities (TOC) incentives to add more density to the complex. This property is a great option for developers looking to build in booming Los Angeles market. Do not disturb tenants.

  • May, 2016

  • May 23, 2016

    Date

    Sold (Public Records)

    Public Records

    $1,150,000

    Price

Show More

Tax History for 425 S Union Ave

Assessed Value (2020): $1,244,795
Year Land Value Improved Value Assessed Value
2020 $746,877 $497,918 $1,244,795

Home Value Compared to the Market

This property vs the competition

425 S Union Ave sold on December 18, 2020 for 34.45% higher than the current median sold price for the city of Los Angeles which is $1,190,000. The median sold price per/sqft for Los Angeles is $755 and this home is sold at $459.77 per/sqft which puts the price per square foot 39.1% lower than the current median sale per square foot for the city of Los Angeles.

About 425 S Union Ave

Detailed summary of property

425 S Union Ave is a multi family that recently sold in Los Angeles, CA 90017. This multi family property offered 4 bedrooms, 4 bathrooms, roughly 3,480 living square feet, and sits on an approximately 9,140 square foot lot. 425 S Union Ave was first listed on ArdentRealEstateGroup.com on January 13, 2021. The homeowner sold the property for $1,450,000. Home in Los Angeles are selling for a median price of $1,190,000 and a median price per square foot of $755. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 34.45% higher than the current median priced home. Local homes that are currently for sale include 1932 Park Ave, 2740 James M Wood and 961 E Edgeware Rd. While the average home in Los Angeles, CA is selling in 94 days, 425 S Union Ave has a days on market of 503 days. There are currently 3654 homes for sale in the Los Angeles real estate market and 2456 of them are single family homes while 1102 of them are condos and 90 are townhomes. For more information on this home for sale at 425 S Union Ave Los Angeles, CA 90017 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 425 S Union Ave

Public county record property details
Beds
4
Baths
4
Year built
1921
Sq. Ft.
3,480
Lot Size
9,139
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
34
APN
5153-003-011

The source for these homes facts are from public records.

90017 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$639,999
Median List Price/Sq.Ft.
$722
Median Sold Price
$540,000
Median Sold Price/Sq.Ft.
$478
Total Inventory
96
Median Sale to List Price %
98.54%
Avg Days on Market
55
Loan Type
Conventional (0%), FHA (0%), VA (0%), Cash (0%), Other (0%)

Thinking of Selling?

Image Description
Is this your property?
Thinking of Selling?
Call, Text or Message
(714) 706-1823

Homes for Sale Near 425 S Union Ave

Nearby Homes for Sale

307 S Burlington Ave, Los Angeles, CA 90057
$1,300,000
2 Beds
10 Baths
3976 Sq.Ft.
307 S Burlington Ave
Los Angeles, CA 90057
160 Union Pl, Los Angeles, CA 90026
$1,395,000
8 Beds
7 Baths
3527 Sq.Ft.
160 Union Pl
Los Angeles, CA 90026
186 S Mountain View Ave, Los Angeles, CA 90057
$1,680,000
13 Beds
6 Baths
5840 Sq.Ft.
186 S Mountain View Ave
Los Angeles, CA 90057
2352 W 3rd St, Los Angeles, CA 90057
$1,200,000
10 Beds
6 Baths
2378 Sq.Ft.
2352 W 3rd St
Los Angeles, CA 90057
744 S Carondelet St, Los Angeles, CA 90057
$1,600,000
35 Beds
0 Baths
19500 Sq.Ft.
744 S Carondelet St
Los Angeles, CA 90057
1020 S Westlake Ave, Los Angeles, CA 90006
$1,190,000
11 Beds
5 Baths
2775 Sq.Ft.
1020 S Westlake Ave
Los Angeles, CA 90006
Open Sat 12pm-2pm
2138 Santa Ynez St, Los Angeles, CA 90026
$1,265,000
6 Beds
3 Baths
1737 Sq.Ft.
2138 Santa Ynez St
Los Angeles, CA 90026
1230 S Bonnie Brae St, Los Angeles, CA 90006
$1,299,000
2 Beds
2 Baths
5426 Sq.Ft.
1230 S Bonnie Brae St
Los Angeles, CA 90006
Open Sun 1pm-3pm
234 S Vendome St, Los Angeles, CA 90057
$1,279,000
9 Beds
6 Baths
2926 Sq.Ft.
234 S Vendome St
Los Angeles, CA 90057
2300 W 12th St, Los Angeles, CA 90006
$1,390,000
9 Beds
7 Baths
4032 Sq.Ft.
2300 W 12th St
Los Angeles, CA 90006
1136 Arapahoe St, Los Angeles, CA 90006
$1,549,999
4 Beds
8 Baths
5040 Sq.Ft.
1136 Arapahoe St
Los Angeles, CA 90006
1932 Park Ave, Los Angeles, CA 90026
$1,300,000
4 Beds
4 Baths
2660 Sq.Ft.
1932 Park Ave
Los Angeles, CA 90026

Recently Sold Homes Near 425 S Union Ave

450 S Burlington Ave, Los Angeles, CA 90057
$2,700,000 Last Sold Price
25 Beds
18 Baths
14140 Sq.Ft.
450 S Burlington Ave
Los Angeles, CA 90057
1822 W 4Th St, Los Angeles, CA 90057
$1,090,000 Last Sold Price
1 Beds
1 Baths
1077 Sq.Ft.
1822 W 4Th St
Los Angeles, CA 90057
402 S Bonnie Brae St, Los Angeles, CA 90057
$2,300,000 Last Sold Price
10 Beds
8 Baths
4480 Sq.Ft.
402 S Bonnie Brae St
Los Angeles, CA 90057
1812 W 5Th St, Los Angeles, CA 90057
$5,035,000 Last Sold Price
8 Beds
8 Baths
22340 Sq.Ft.
1812 W 5Th St
Los Angeles, CA 90057

Related Resources to 425 S Union Ave

New Listings in 90017
Popular Zip Codes
Popular Cities
Other Los Angeles Resources

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.

Refi Quote